American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMFFX Fund  USD 55.51  0.23  0.41%   
The current 90-days correlation between American Mutual and Amcap Fund Class is 0.39 (i.e., Weak diversification). The correlation of American Mutual 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.

American Mutual Correlation With Market

Significant diversification

The correlation between American Mutual Fund and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Mutual Fund 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 American Mutual Fund. 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 census.

Moving together with American Mutual Fund

  0.95AMECX Income FundPairCorr
  0.84RNEBX New World FundPairCorr
  0.96AMFCX American MutualPairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.99AMEFX Income FundPairCorr
  0.94RNGGX New Economy FundPairCorr
  0.92RNGFX New Economy FundPairCorr
  0.92RNGHX New Economy FundPairCorr
  0.95RNGBX New Economy FundPairCorr
  0.94RNGAX New Economy FundPairCorr
  0.93RNGEX New Economy FundPairCorr
  0.93RNGCX New Economy FundPairCorr
  0.7TEBCX Tax Exempt BondPairCorr
  0.66TECCX Tax Exempt FundPairCorr
  0.66TEAFX Tax Exempt BondPairCorr
  0.89FPTPX American Funds ConsePairCorr
  0.93RNNEX New Economy FundPairCorr
  0.74CDJAX American Funds CollegePairCorr
  0.89AMPCX Amcap Fund ClassPairCorr
  0.85AMPFX Amcap Fund ClassPairCorr
  0.88RNPBX New PerspectivePairCorr
  0.88RNPAX New PerspectivePairCorr
  0.86RNPHX New PerspectivePairCorr
  0.86RNPGX New PerspectivePairCorr
  0.87RNPCX New PerspectivePairCorr
  0.86RNPFX New PerspectivePairCorr
  0.86RNPEX New PerspectivePairCorr
  0.96AMRMX American MutualPairCorr
  0.96AMRFX American MutualPairCorr
  0.83RNRPX American Funds RetirementPairCorr
  0.73AMUSX Us Government SecuritiesPairCorr
  0.63TEPCX American Funds TaxPairCorr
  0.84RNWFX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Mutual 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 American Mutual'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.

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