Amcap Fund Correlations

AMCPX Fund

USD 45.25 0.19 0.42%

The current 90-days correlation between Amcap Fund Class and Smallcap World Fund is 0.05 (i.e., Significant diversification). The correlation of Amcap Fund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Amcap Fund Correlation With Market

Almost no diversification

The correlation between Amcap Fund Class and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amcap Fund Class and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amcap Fund Class. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with AMCAP Mutual Fund

0.91	AMECX	Income Fund	Pair Corr
0.93	AMFCX	American Mutual	Pair Corr
0.93	AMFFX	American Mutual	Pair Corr
0.96	CUSEX	Capital Group Equity	Pair Corr
0.96	AMPFX	Amcap Fund Class	Pair Corr
0.65	AMUSX	Us Government Securities	Pair Corr
0.67	ANBEX	American Funds Strategic	Pair Corr
0.88	ANCFX	American Funds Funda	Pair Corr
0.93	NPFCX	New Perspective	Pair Corr
0.93	NPFFX	New Perspective	Pair Corr
0.94	ANWPX	New Perspective	Pair Corr
0.87	BALFX	American Balanced	Pair Corr
0.95	BALCX	American Balanced	Pair Corr
0.93	CWGIX	Capital World Growth	Pair Corr
0.93	CWGFX	Capital World Growth	Pair Corr
0.88	WSHFX	Washington Mutual	Pair Corr
0.95	WSHCX	Washington Mutual	Pair Corr
0.88	FAETX	American Funds 2030	Pair Corr
0.85	FAFWX	American Funds Retirement	Pair Corr
0.89	FAJTX	American Funds 2055	Pair Corr
0.87	FAOTX	American Funds 2020	Pair Corr
0.89	FAQTX	American Funds 2035	Pair Corr
0.87	FAPTX	American Funds 2025	Pair Corr
0.89	FATTX	American Funds 2045	Pair Corr
0.89	FAUTX	American Funds 2040	Pair Corr
0.88	GWPAX	American Funds Growth	Pair Corr
0.88	GWPCX	American Funds Growth	Pair Corr
0.87	GWPFX	American Funds Growth	Pair Corr
0.88	FAWTX	American Funds 2060	Pair Corr
0.93	GFACX	Growth Fund	Pair Corr
0.94	GFAFX	Growth Fund	Pair Corr
0.85	FBFWX	American Funds Retirement	Pair Corr
0.87	FCFWX	American Funds Retirement	Pair Corr
0.85	NBARX	American Funds Retirement	Pair Corr
0.89	CIBFX	Capital Income Builder	Pair Corr
0.87	AADTX	American Funds 2025	Pair Corr
0.91	AAFTX	American Funds 2035	Pair Corr
0.9	AAGTX	American Funds 2040	Pair Corr
0.9	AAHTX	American Funds 2045	Pair Corr

Moving against AMCAP Mutual Fund

0.59

AMRMX

American Mutual

Pair Corr

Related Correlations Analysis

	RAFFX	AMPCX	TRSAX	RRGSX	PRUFX	RRBGX	PABGX	RLLGX	SMCWX	SCWFX
RAFFX		1.0	0.01	0.92	0.93	0.93	0.33	0.89	0.89	0.91	RAFFX
AMPCX	1.0		-0.05	0.94	0.94	0.93	0.27	0.89	0.89	0.91	AMPCX
TRSAX	0.01	-0.05		-0.1	-0.06	0.19	0.86	-0.28	-0.28	-0.25	TRSAX
RRGSX	0.92	0.94	-0.1		1.0	0.96	0.2	0.8	0.8	0.81	RRGSX
PRUFX	0.93	0.94	-0.06	1.0		0.97	0.23	0.79	0.79	0.81	PRUFX
RRBGX	0.93	0.93	0.19	0.96	0.97		0.46	0.73	0.73	0.76	RRBGX
PABGX	0.33	0.27	0.86	0.2	0.23	0.46		0.04	0.04	0.08	PABGX
RLLGX	0.89	0.89	-0.28	0.8	0.79	0.73	0.04		1.0	0.98	RLLGX
SMCWX	0.89	0.89	-0.28	0.8	0.79	0.73	0.04	1.0		0.98	SMCWX
SCWFX	0.91	0.91	-0.25	0.81	0.81	0.76	0.08	0.98	0.98		SCWFX
	RAFFX	AMPCX	TRSAX	RRGSX	PRUFX	RRBGX	PABGX	RLLGX	SMCWX	SCWFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMPCX	+ 1.0	RAFFX
PRUFX	+ 1.0	RRGSX
SMCWX	+ 1.0	RLLGX
SCWFX	+ 0.98	RLLGX
SCWFX	+ 0.98	SMCWX
RRBGX	+ 0.97	PRUFX

High negative correlations

SMCWX	- 0.28	TRSAX
RLLGX	- 0.28	TRSAX
SCWFX	- 0.25	TRSAX
RRGSX	- 0.1	TRSAX
PRUFX	- 0.06	TRSAX
TRSAX	- 0.05	AMPCX

Risk-Adjusted Indicators

There is a big difference between AMCAP Mutual Fund performing well and Amcap Fund Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Amcap Fund's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RAFFX	0.69	(0.02)	(0.02)	0.02	0.99	(0.67)	1.35	(1.75)	5.06
AMPCX	0.71	0.01	0.00	0.04	0.98	(0.71)	1.32	(1.74)	6.71
TRSAX	0.75	(0.17)	0.00	(0.21)	0.00	0.00	1.38	(1.89)	4.97
RRGSX	1.00	0.07	0.07	0.09	1.06	(1.07)	1.38	(1.89)	20.23
PRUFX	0.96	0.04	0.04	0.07	1.11	(1.00)	1.38	(1.88)	17.71
RRBGX	0.85	(0.06)	0.00	(0.02)	0.00	0.00	1.49	(1.93)	8.67
PABGX	0.92	(0.14)	0.00	(0.15)	0.00	0.00	1.50	(1.99)	10.73
RLLGX	0.75	0.16	0.16	0.95	0.58	(0.86)	1.46	(1.23)	6.70
SMCWX	0.75	0.16	0.16	0.89	0.58	(0.87)	1.46	(1.25)	6.89
SCWFX	0.76	0.11	0.13	0.16	0.62	(0.88)	1.46	(1.24)	6.96

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