Amcap Fund Correlations

AMPCX Fund

USD 35.46 0.07 0.20%

The current 90-days correlation between Amcap Fund Class and Amcap Fund Class is 0.97 (i.e., Almost no 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

Very weak diversification

The correlation between Amcap Fund Class and DJI is 0.59 (i.e., Very weak 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 manufacturing.

Moving together with Amcap Mutual Fund

0.92	AMECX	Income Fund	Pair Corr
0.92	AMFCX	American Mutual	Pair Corr
0.92	AMFFX	American Mutual	Pair Corr
0.95	CUSEX	Capital Group Equity	Pair Corr
1.0	AMPFX	Amcap Fund Class	Pair Corr
0.64	TEPCX	American Funds Tax	Pair Corr
0.68	TEPAX	American Funds Tax	Pair Corr
0.68	TEPFX	American Funds Tax	Pair Corr
0.79	ANCFX	American Funds Funda	Pair Corr
0.92	ANFCX	New Economy Fund	Pair Corr
0.93	ANEFX	New Economy Fund	Pair Corr
0.93	ANFFX	New Economy Fund	Pair Corr
0.88	NPFCX	New Perspective	Pair Corr
0.89	NPFFX	New Perspective	Pair Corr
0.89	ANWPX	New Perspective	Pair Corr
0.83	BALFX	American Balanced	Pair Corr
0.96	BALCX	American Balanced	Pair Corr
0.93	CWGIX	Capital World Growth	Pair Corr
0.93	CWGFX	Capital World Growth	Pair Corr
0.93	CWGCX	Capital World Growth	Pair Corr
0.82	WSHFX	Washington Mutual	Pair Corr
0.92	WSHCX	Washington Mutual	Pair Corr
0.87	FAATX	American Funds 2010	Pair Corr
0.84	FAETX	American Funds 2030	Pair Corr

Moving against Amcap Mutual Fund

0.52	AMRMX	American Mutual	Pair Corr
0.38	EMRGX	Emerging Markets Growth	Pair Corr
0.37	EMGEX	Emerging Markets Growth	Pair Corr

Related Correlations Analysis

	AMCPX	RAFFX	AMFFX	RMFGX	NWFFX	NFFFX	RNWGX	NEWFX	RLLGX	SMCWX
AMCPX		1.0	0.91	0.79	0.89	0.89	0.89	0.89	0.92	0.92	AMCPX
RAFFX	1.0		0.9	0.8	0.89	0.89	0.89	0.89	0.93	0.92	RAFFX
AMFFX	0.91	0.9		0.72	0.86	0.86	0.86	0.86	0.89	0.89	AMFFX
RMFGX	0.79	0.8	0.72		0.68	0.68	0.68	0.68	0.85	0.84	RMFGX
NWFFX	0.89	0.89	0.86	0.68		1.0	1.0	1.0	0.9	0.9	NWFFX
NFFFX	0.89	0.89	0.86	0.68	1.0		1.0	1.0	0.9	0.9	NFFFX
RNWGX	0.89	0.89	0.86	0.68	1.0	1.0		1.0	0.9	0.9	RNWGX
NEWFX	0.89	0.89	0.86	0.68	1.0	1.0	1.0		0.9	0.9	NEWFX
RLLGX	0.92	0.93	0.89	0.85	0.9	0.9	0.9	0.9		1.0	RLLGX
SMCWX	0.92	0.92	0.89	0.84	0.9	0.9	0.9	0.9	1.0		SMCWX
	AMCPX	RAFFX	AMFFX	RMFGX	NWFFX	NFFFX	RNWGX	NEWFX	RLLGX	SMCWX

Please upgrade your account to get full access to Macroaxis premium features

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
AMCPX	0.67	0.06	0.05	0.12	0.93	(0.67)	1.86	(1.50)	4.47
RAFFX	0.67	0.06	0.05	0.12	0.91	(0.68)	1.87	(1.47)	4.28
AMFFX	0.57	0.09	0.09	0.20	0.52	(0.63)	0.85	(1.03)	6.39
RMFGX	0.50	(0.01)	(0.04)	0.04	0.63	(0.49)	0.83	(1.02)	2.59
NWFFX	0.65	0.11	0.12	0.20	0.60	(0.73)	1.35	(1.15)	6.40
NFFFX	0.65	0.11	0.12	0.20	0.60	(0.73)	1.34	(1.16)	6.40
RNWGX	0.65	0.11	0.12	0.20	0.61	(0.73)	1.35	(1.15)	6.37
NEWFX	0.66	0.11	0.12	0.20	0.61	(0.74)	1.34	(1.17)	6.37
RLLGX	0.78	0.05	0.05	0.10	0.79	(0.84)	1.50	(1.21)	5.77
SMCWX	0.78	0.05	0.06	0.10	0.78	(0.87)	1.49	(1.22)	5.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC