Amcap Fund Correlations

Mutual Funds . USA . 
Fund . Amcap Fund Class
AMPFX Fund  USD 44.17  0.09  0.20%   
The current 90-days correlation between Amcap Fund Class and Europacific Growth Fund is 0.5 (i.e., Very weak 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 0.54 (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 census.

Moving together with Amcap Mutual Fund

  0.85AMECX Income FundPairCorr
  0.93RNEBX New World FundPairCorr
  0.92AMFCX American MutualPairCorr
  0.92AMFFX American MutualPairCorr
  0.84RNCCX American Funds IncomePairCorr
  0.85AMEFX Income FundPairCorr
  0.99RNGGX New Economy FundPairCorr
  0.99RNGFX New Economy FundPairCorr
  0.99RNGHX New Economy FundPairCorr
  0.98RNGBX New Economy FundPairCorr
  0.98RNGAX New Economy FundPairCorr
  0.99RNGEX New Economy FundPairCorr
  0.99RNGCX New Economy FundPairCorr
  0.78AMHIX American High IncomePairCorr
  0.81TEBCX Tax Exempt BondPairCorr
  0.79TECCX Tax Exempt FundPairCorr
  0.77TEAFX Tax Exempt BondPairCorr
  0.83FPTPX American Funds ConsePairCorr
  0.76TECFX Tax Exempt FundPairCorr
  0.75TEFEX Tax Exempt FundPairCorr
  0.99RNNEX New Economy FundPairCorr
  0.81CDJAX American Funds CollegePairCorr
  0.99AMPCX Amcap Fund ClassPairCorr
  0.92RNPBX New PerspectivePairCorr
  0.92RNPAX New PerspectivePairCorr
  0.91RNPHX New PerspectivePairCorr
  0.91RNPGX New PerspectivePairCorr
  0.92RNPCX New PerspectivePairCorr
  0.91RNPFX New PerspectivePairCorr
  0.92AMRMX American MutualPairCorr
  0.92AMRFX American MutualPairCorr
  0.75AMUSX Us Government SecuritiesPairCorr
  0.65TEPCX American Funds TaxPairCorr
  0.93RNWFX New World FundPairCorr
  0.93RNWEX New World FundPairCorr
  0.93RNWHX New World FundPairCorr
  0.93RNWGX New World FundPairCorr

Related Correlations Analysis

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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.

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