Amcap Fund Correlations

AMPCX Fund

USD 36.03 0.18 0.50%

The current 90-days correlation between Amcap Fund Class and Smallcap World Fund is 0.26 (i.e., Modest 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 0.93 (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 unemployment.

Moving together with Amcap Mutual Fund

0.94	AMECX	Income Fund	Pair Corr
0.96	AMFCX	American Mutual	Pair Corr
0.94	AMFFX	American Mutual	Pair Corr
0.71	AMHIX	American High Income	Pair Corr
0.61	TECFX	Tax Exempt Fund	Pair Corr
1.0	AMPFX	Amcap Fund Class	Pair Corr
0.84	TEPFX	American Funds Tax	Pair Corr
0.63	ANBAX	American Funds Strategic	Pair Corr
0.84	ANCFX	American Funds Funda	Pair Corr
0.93	ANEFX	New Economy Fund	Pair Corr
0.77	ANFFX	New Economy Fund	Pair Corr
0.75	NPFCX	New Perspective	Pair Corr
0.94	NPFFX	New Perspective	Pair Corr
0.88	PGGFX	American Funds Global	Pair Corr
0.92	ANWPX	New Perspective	Pair Corr
0.88	BALFX	American Balanced	Pair Corr
0.76	BALCX	American Balanced	Pair Corr
0.93	CWGIX	Capital World Growth	Pair Corr
0.95	CWGFX	Capital World Growth	Pair Corr
0.95	CWGCX	Capital World Growth	Pair Corr
0.89	WSHFX	Washington Mutual	Pair Corr
0.95	WSHCX	Washington Mutual	Pair Corr
0.68	FAATX	American Funds 2010	Pair Corr
0.89	FAETX	American Funds 2030	Pair Corr
0.63	WBFFX	Capital World Bond	Pair Corr
0.89	FAFWX	American Funds Retirement	Pair Corr
0.89	FAITX	American Funds 2050	Pair Corr
0.88	FAJTX	American Funds 2055	Pair Corr
0.9	FAKTX	American Funds 2015	Pair Corr
0.9	FAOTX	American Funds 2020	Pair Corr
0.89	FAQTX	American Funds 2035	Pair Corr
0.9	FAPTX	American Funds 2025	Pair Corr
0.89	FATTX	American Funds 2045	Pair Corr

Moving against Amcap Mutual Fund

0.64

AMRMX

American Mutual

Pair Corr

Related Correlations Analysis

	AMCPX	RAFFX	AMFFX	RMFGX	NWFFX	NFFFX	RNWGX	NEWFX	RLLGX	SMCWX
AMCPX		0.81	0.81	0.79	0.76	0.76	0.76	0.76	0.8	0.82	AMCPX
RAFFX	0.81		0.93	0.89	0.91	0.91	0.91	0.89	0.94	0.93	RAFFX
AMFFX	0.81	0.93		0.84	0.94	0.94	0.94	0.92	0.94	0.94	AMFFX
RMFGX	0.79	0.89	0.84		0.85	0.85	0.85	0.83	0.92	0.9	RMFGX
NWFFX	0.76	0.91	0.94	0.85		1.0	1.0	0.98	0.97	0.96	NWFFX
NFFFX	0.76	0.91	0.94	0.85	1.0		1.0	0.98	0.97	0.96	NFFFX
RNWGX	0.76	0.91	0.94	0.85	1.0	1.0		0.98	0.97	0.96	RNWGX
NEWFX	0.76	0.89	0.92	0.83	0.98	0.98	0.98		0.95	0.97	NEWFX
RLLGX	0.8	0.94	0.94	0.92	0.97	0.97	0.97	0.95		0.98	RLLGX
SMCWX	0.82	0.93	0.94	0.9	0.96	0.96	0.96	0.97	0.98		SMCWX
	AMCPX	RAFFX	AMFFX	RMFGX	NWFFX	NFFFX	RNWGX	NEWFX	RLLGX	SMCWX

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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	0.68	0.07	0.01	1.02	0.92	(0.67)	1.35	(1.50)	5.26
RAFFX	0.65	0.07	0.05	0.16	0.82	(0.67)	1.35	(1.47)	5.06
AMFFX	0.57	0.14	0.09	(3.76)	0.52	(0.63)	0.87	(1.03)	7.65
RMFGX	0.49	0.00	(0.03)	0.07	0.60	(0.49)	0.85	(1.02)	3.20
NWFFX	0.61	0.15	0.19	0.30	0.30	(0.71)	1.47	(1.03)	7.09
NFFFX	0.61	0.15	0.19	0.30	0.30	(0.71)	1.46	(1.02)	7.09
RNWGX	0.61	0.15	0.19	0.30	0.30	(0.71)	1.47	(1.02)	7.06
NEWFX	0.63	0.17	0.17	0.88	0.37	(0.72)	1.47	(1.03)	7.07
RLLGX	0.77	0.12	0.14	0.20	0.56	(0.90)	1.46	(1.21)	6.37
SMCWX	0.77	0.14	0.12	0.57	0.58	(0.91)	1.46	(1.22)	6.57

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