American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMFFX Fund  USD 59.62  0.36  0.61%   
The current 90-days correlation between American Mutual and Amcap Fund Class is 0.85 (i.e., Very poor 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

Very poor diversification

The correlation between American Mutual Fund and DJI is 0.89 (i.e., Very poor 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

  0.98AMECX Income FundPairCorr
  1.0AMFCX American MutualPairCorr
  0.85RNCCX American Funds IncomePairCorr
  0.87FPTPX American Funds ConsePairCorr
  0.92RNPGX New PerspectivePairCorr
  0.94ANCFX American Funds FundaPairCorr
  0.97BALFX American BalancedPairCorr
  0.97BALCX American BalancedPairCorr
  0.89CWGIX Capital World GrowthPairCorr
  0.89CWGFX Capital World GrowthPairCorr
  0.88CWGCX Capital World GrowthPairCorr
  0.89CWIFX Capital World GrowthPairCorr
  0.67FAATX American Funds 2010PairCorr
  0.9FAFGX American FundsPairCorr
  0.94CFNAX American Funds FundaPairCorr
  0.94GWPAX American Funds GrowthPairCorr
  0.94GWPCX American Funds GrowthPairCorr
  0.94GWPFX American Funds GrowthPairCorr
  0.9GFACX Growth FundPairCorr
  0.9GFAFX Growth FundPairCorr
  0.8SCWCX American Fds SmallcapPairCorr
  0.97FBAFX American Funds AmericanPairCorr
  0.9CGFEX Growth FundPairCorr
  0.9CGFFX Growth FundPairCorr
  0.9CGFCX Growth FundPairCorr
  0.9CGFAX Growth FundPairCorr
  0.97FBONX American Funds AmericanPairCorr
  0.76RRCTX American Funds 2020PairCorr
  0.79RRPPX American Funds RetirementPairCorr
  0.62RAATX American Funds 2010PairCorr
  0.94RAFBX Amcap Fund ClassPairCorr

Moving against American Mutual Fund

  0.51AMUSX Us Government SecuritiesPairCorr
  0.5CWBFX Capital World BondPairCorr
  0.52CGTCX Us Government SecuritiesPairCorr
  0.51CGTAX Us Government SecuritiesPairCorr
  0.5CFAAX Bond FundPairCorr
  0.5RBFGX Bond FundPairCorr
  0.5BFAFX Bond 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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