American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2030
CCETX Fund  USD 17.69  0.09  0.51%   
The current 90-days correlation between American Funds 2030 and Transamerica Financial Life is 0.69 (i.e., Poor 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

Poor diversification

The correlation between American Funds 2030 and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2030 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 2030. 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

  0.9AMECX Income FundPairCorr
  0.69RNEBX New World FundPairCorr
  0.87AMFCX American MutualPairCorr
  0.86AMFFX American MutualPairCorr
  0.99RNCCX American Funds IncomePairCorr
  0.9AMEFX Income FundPairCorr
  0.78RNGGX New Economy FundPairCorr
  0.78RNGFX New Economy FundPairCorr
  0.78RNGHX New Economy FundPairCorr
  0.79RNGBX New Economy FundPairCorr
  0.79RNGAX New Economy FundPairCorr
  0.78RNGEX New Economy FundPairCorr
  0.79RNGCX New Economy FundPairCorr
  0.99FPTPX American Funds ConsePairCorr
  0.79RNNEX New Economy FundPairCorr
  0.9CDJAX American Funds CollegePairCorr
  0.8AMPCX Amcap Fund ClassPairCorr
  0.79AMPFX Amcap Fund ClassPairCorr
  0.93RNPBX New PerspectivePairCorr
  0.93RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.93RNPCX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.86AMRMX American MutualPairCorr
  0.86AMRFX American MutualPairCorr
  0.97RNRPX American Funds RetirementPairCorr
  0.7RNWFX New World FundPairCorr

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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