American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMRFX Fund  USD 58.94  0.11  0.19%   
The current 90-days correlation between American Mutual and Oklahoma College Savings is -0.03 (i.e., Good diversification). The correlation of American Mutual 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 Mutual Correlation With Market

Good diversification

The correlation between American Mutual Fund and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Mutual 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 Mutual 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 census.

Moving together with American Mutual Fund

  0.98AMECX Income FundPairCorr
  0.63RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  0.88RNCCX American Funds IncomePairCorr
  0.91AMEFX Income FundPairCorr
  0.92RNGGX New Economy FundPairCorr
  0.86RNGFX New Economy FundPairCorr
  0.92RNGHX New Economy FundPairCorr
  0.86RNGBX New Economy FundPairCorr
  0.92RNGAX New Economy FundPairCorr
  0.86RNGEX New Economy FundPairCorr
  0.86RNGCX New Economy FundPairCorr
  0.9FPTPX American Funds ConsePairCorr
  0.92RNNEX New Economy FundPairCorr
  0.95CDJAX American Funds CollegePairCorr
  0.87AMPCX Amcap Fund ClassPairCorr
  0.87AMPFX Amcap Fund ClassPairCorr
  0.9RNPBX New PerspectivePairCorr
  0.9RNPAX New PerspectivePairCorr
  0.83RNPHX New PerspectivePairCorr
  0.83RNPGX New PerspectivePairCorr
  0.91RNPCX New PerspectivePairCorr
  0.83RNPFX New PerspectivePairCorr
  0.91RNPEX New PerspectivePairCorr
  0.93AMRMX American MutualPairCorr
  0.7RNRPX American Funds RetirementPairCorr
  0.65RNWFX New World FundPairCorr

Moving against American Mutual Fund

  0.52AMUSX Us Government SecuritiesPairCorr
  0.5ANBCX American Funds StrategicPairCorr
  0.49ANBEX American Funds StrategicPairCorr
  0.49ANBAX American Funds StrategicPairCorr
  0.48ANBGX American Funds StrategicPairCorr
  0.48ANBFX American Funds StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Mutual 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 Mutual'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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