American Growth Correlations

Mutual Funds . USA . 
Fund . American Growth Fund
AMRBX Fund  USD 5.74  0.04  0.70%   
The current 90-days correlation between American Growth and Ftfa Franklin Templeton Growth is 0.83 (i.e., Very poor diversification). 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 0.75 (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 bureau of labor statistics.

Moving together with American Mutual Fund

  1.0AMRCX American GrowthPairCorr
  1.0AMRAX American GrowthPairCorr
  0.69FAFGX American FundsPairCorr
  0.69FFAFX American FundsPairCorr
  0.69GFACX Growth FundPairCorr
  0.69GFAFX Growth FundPairCorr
  0.69AGTHX Growth FundPairCorr
  0.69CGFFX Growth FundPairCorr
  0.69CGFCX Growth FundPairCorr
  0.69CGFAX Growth FundPairCorr
  0.69CGFEX Growth FundPairCorr
  0.69RGAEX Growth FundPairCorr
  0.61BHYCX Blackrock Hi YldPairCorr
  0.63GWGVX Amg Gwk SmallmidPairCorr
  0.7TINRX Tiaa Cref EquityPairCorr
  0.61FDGRX Fidelity Growth PanyPairCorr
  0.71RAATX American Funds 2010PairCorr
  0.82SKTAX Saat E MarketPairCorr
  0.7QUAKX Ab Small CapPairCorr
  0.74CFIAX Columbia Flexible CapitalPairCorr

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.

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