American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2055
CCJTX Fund  USD 25.79  0.17  0.65%   
The current 90-days correlation between American Funds 2055 and Transamerica High Yield is 0.25 (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

Significant diversification

The correlation between American Funds 2055 and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2055 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 2055. 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

  0.64AMECX Income FundPairCorr
  0.68RNEBX New World FundPairCorr
  0.66AMFCX American MutualPairCorr
  0.75AMFFX American MutualPairCorr
  0.85RNCCX American Funds IncomePairCorr
  0.74AMEFX Income FundPairCorr
  0.85RNGGX New Economy FundPairCorr
  0.76RNGFX New Economy FundPairCorr
  0.76RNGHX New Economy FundPairCorr
  0.83RNGBX New Economy FundPairCorr
  0.74RNGAX New Economy FundPairCorr
  0.75RNGEX New Economy FundPairCorr
  0.84RNGCX New Economy FundPairCorr
  0.65AMHIX American High IncomePairCorr
  0.7TEBCX Tax Exempt BondPairCorr
  0.68TECCX Tax Exempt FundPairCorr
  0.64TEAFX Tax Exempt BondPairCorr
  0.85FPTPX American Funds ConsePairCorr
  0.66TECFX Tax Exempt FundPairCorr
  0.64TEFEX Tax Exempt FundPairCorr
  0.75RNNEX New Economy FundPairCorr
  0.89CDJAX American Funds CollegePairCorr
  0.8AMPCX Amcap Fund ClassPairCorr
  0.82AMPFX Amcap Fund ClassPairCorr
  0.89RNPBX New PerspectivePairCorr
  0.89RNPAX New PerspectivePairCorr
  0.9RNPHX New PerspectivePairCorr
  0.9RNPGX New PerspectivePairCorr
  0.9RNPCX New PerspectivePairCorr
  0.9RNPFX New PerspectivePairCorr
  0.9RNPEX New PerspectivePairCorr
  0.66AMRMX American MutualPairCorr
  0.66AMRFX American MutualPairCorr
  0.73RNRPX American Funds RetirementPairCorr
  0.62AMUSX Us Government SecuritiesPairCorr
  0.65TEPCX American Funds TaxPairCorr
  0.68RNWFX 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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