American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2025
CCDTX Fund  USD 15.27  0.10  0.66%   
The current 90-days correlation between American Funds 2025 and Transamerica Financial Life is 0.23 (i.e., Modest diversification). The correlation of American Funds 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 Funds Correlation With Market

AMERICANDowDiversified AwayAMERICANDowDiversified Away100%

Very weak diversification

The correlation between American Funds 2025 and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2025 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 Funds 2025. 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 estimate.

Moving together with AMERICAN Mutual Fund

  0.77AMECX Income FundPairCorr
  0.91RNEBX New World FundPairCorr
  0.86AMFCX American MutualPairCorr
  0.86AMFFX American MutualPairCorr
  0.86RNCCX American Funds IncomePairCorr
  0.77AMEFX Income FundPairCorr
  0.81RNGGX New Economy FundPairCorr
  0.81RNGFX New Economy Fund Potential GrowthPairCorr
  0.81RNGHX New Economy FundPairCorr
  0.81RNGBX New Economy FundPairCorr
  0.81RNGAX New Economy FundPairCorr
  0.81RNGEX New Economy FundPairCorr
  0.81RNGCX New Economy FundPairCorr
  0.78AMHIX American High IncomePairCorr
  0.8TEBCX Tax Exempt BondPairCorr
  0.77TECCX Tax Exempt FundPairCorr
  0.77TEAFX Tax Exempt BondPairCorr
  0.85FPTPX American Funds ConsePairCorr
  0.76TECFX Tax Exempt FundPairCorr
  0.74TEFEX Tax Exempt FundPairCorr
  0.81RNNEX New Economy FundPairCorr
  0.84CDJAX American Funds CollegePairCorr
  0.82AMPCX Amcap Fund ClassPairCorr
  0.82AMPFX Amcap Fund ClassPairCorr
  0.9RNPBX New PerspectivePairCorr
  0.9RNPAX New PerspectivePairCorr
  0.89RNPHX New PerspectivePairCorr
  0.89RNPGX New PerspectivePairCorr
  0.9RNPCX New PerspectivePairCorr
  0.89RNPFX New PerspectivePairCorr
  0.89RNPEX New PerspectivePairCorr
  0.86AMRMX American MutualPairCorr
  0.86AMRFX American MutualPairCorr
  0.7AMUSX Us Government SecuritiesPairCorr
  0.66TEPCX American Funds TaxPairCorr
  0.91RNWFX New World Fund Potential GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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