American Growth Correlations

AMRGX Fund

USD 8.66 0.07 0.81%

The current 90-days correlation between American Growth and Sarofim Equity is 0.84 (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 0.76 (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 price.

Moving together with American Mutual Fund

1.0	AMRCX	American Growth	Pair Corr
1.0	AMRBX	American Growth	Pair Corr
1.0	AMRAX	American Growth	Pair Corr
0.71	FAFGX	American Funds	Pair Corr
0.71	FFAFX	American Funds	Pair Corr
0.71	GFACX	Growth Fund	Pair Corr
0.71	GFAFX	Growth Fund	Pair Corr
0.71	AGTHX	Growth Fund	Pair Corr
0.71	CGFFX	Growth Fund	Pair Corr
0.71	CGFCX	Growth Fund	Pair Corr
0.71	CGFAX	Growth Fund	Pair Corr
0.71	CGFEX	Growth Fund	Pair Corr
0.71	RGAEX	Growth Fund	Pair Corr
0.62	BHYCX	Blackrock Hi Yld	Pair Corr
0.65	GWGVX	Amg Gwk Smallmid	Pair Corr
0.72	TINRX	Tiaa Cref Equity	Pair Corr
0.62	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	FDGRX	Fidelity Growth Pany	Pair Corr
0.7	RAATX	American Funds 2010	Pair Corr
0.83	SKTAX	Saat E Market	Pair Corr
0.72	QUAKX	Ab Small Cap	Pair Corr
0.76	CFIAX	Columbia Flexible Capital	Pair Corr

Related Correlations Analysis

	SRFMX	DIVHX	FBMPX	APDNX	SWSFX	DFVEX	AUUIX
SRFMX		0.78	0.72	0.86	0.47	0.88	0.88	SRFMX
DIVHX	0.78		0.84	0.87	0.69	0.88	0.91	DIVHX
FBMPX	0.72	0.84		0.86	0.87	0.9	0.94	FBMPX
APDNX	0.86	0.87	0.86		0.67	0.95	0.91	APDNX
SWSFX	0.47	0.69	0.87	0.67		0.71	0.75	SWSFX
DFVEX	0.88	0.88	0.9	0.95	0.71		0.98	DFVEX
AUUIX	0.88	0.91	0.94	0.91	0.75	0.98		AUUIX
	SRFMX	DIVHX	FBMPX	APDNX	SWSFX	DFVEX	AUUIX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRFMX	0.53	(0.04)	(0.10)	0.07	0.67	(0.57)	0.99	(1.30)	3.50
DIVHX	0.49	0.02	(0.03)	0.15	0.30	(0.56)	1.12	(0.74)	2.83
FBMPX	0.71	0.08	0.04	0.25	0.78	(0.72)	1.59	(1.72)	4.09
APDNX	0.54	(0.01)	(0.07)	0.11	0.46	(0.66)	1.24	(0.99)	3.41
SWSFX	0.04	0.00	(1.18)	(0.08)	0.00	(0.17)	0.10	(0.10)	0.49
DFVEX	0.63	(0.01)	0.00	0.12	0.63	(0.73)	1.41	(1.06)	5.26
AUUIX	0.50	0.00	(0.03)	0.13	0.53	(0.54)	1.06	(1.18)	3.91

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American Growth Correlations

American Growth Correlation With Market

Poor diversification

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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