American Growth Correlations

Mutual Funds . USA . 
Fund . American Growth Fund
AMRAX Fund  USD 7.93  0.06  0.76%   
The current 90-days correlation between American Growth and American Growth Fund is 1.0 (i.e., No risk reduction). The correlation of American Growth 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 Growth Correlation With Market

Poor diversification

The correlation between American Growth Fund and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Growth 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 Growth 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 nation.

Moving together with American Mutual Fund

  1.0AMRGX American GrowthPairCorr
  1.0AMRCX American GrowthPairCorr
  1.0AMRBX American GrowthPairCorr
  0.66FAFGX American FundsPairCorr
  0.7FFAFX American FundsPairCorr
  0.71GFACX Growth FundPairCorr
  0.7GFAFX Growth FundPairCorr
  0.7AGTHX Growth FundPairCorr
  0.7CGFFX Growth FundPairCorr
  0.71CGFCX Growth FundPairCorr
  0.66CGFAX Growth FundPairCorr
  0.71CGFEX Growth FundPairCorr
  0.7RGAEX Growth FundPairCorr
  0.67GCPYX Gateway Equity CallPairCorr
  0.85JPYRX Jpmorgan SmartretirementPairCorr
  0.68CSQ Calamos Strategic TotalPairCorr
  0.67VFIAX Vanguard 500 IndexPairCorr
  0.71VIMAX Vanguard Mid CapPairCorr
  0.83VASGX Vanguard LifestrategyPairCorr
  0.61BFTHX Baron Fifth AvenuePairCorr
  0.75TRLCX Tiaa-cref Large-capPairCorr
  0.65AMEIX Equity GrowthPairCorr
  0.78FBALX Fidelity BalancedPairCorr
  0.68PRCCX Putnam Convertible IncmPairCorr
  0.68RYMDX Mid Cap 15xPairCorr
  0.67AMGOX Alger Mid CapPairCorr
  0.79VWENX Vanguard WellingtonPairCorr
  0.76VBIAX Vanguard Balanced IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Growth 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 Growth'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMRGX  0.79 (0.03)(0.01) 0.10  1.12 
(0.81)
 1.60 
(1.91)
 5.80 
AMRCX  0.79 (0.03)(0.02) 0.10  1.14 
(0.82)
 1.64 
(1.79)
 5.88 
AMRBX  0.78 (0.04)(0.02) 0.09  1.16 
(0.81)
 1.66 
(1.80)
 5.94 
AMRAX  0.79 (0.03)(0.02) 0.10  1.18 
(0.80)
 1.61 
(1.95)
 5.92 
JPYRX  0.40 (0.02)(0.15) 0.08  0.47 
(0.44)
 0.77 
(1.03)
 2.34 
WWLAX  0.55 (0.03)(0.09) 0.09  0.43 
(0.67)
 1.15 
(0.95)
 3.95 
FMSGX  0.44 (0.01)(0.15) 0.10  0.52 
(0.47)
 0.86 
(1.00)
 2.45 
SWPPX  0.55  0.10 (0.04)(4.27) 0.66 
(0.57)
 1.17 
(1.31)
 3.83 
RA  0.37  0.03 (0.15) 0.31  0.39 
(0.40)
 0.83 
(0.82)
 2.11 
MSTSX  0.49  0.04 (0.14)(0.75) 0.52 
(0.61)
 1.21 
(1.02)
 2.80 

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