American Funds Correlations

CDWAX Fund

USD 10.83 0.01 0.09%

The current 90-days correlation between American Funds Developing and Wisdomtree Siegel Global is 0.63 (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

Modest diversification

The correlation between American Funds Developing and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Developing 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 Developing. 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 nation.

Moving together with American Mutual Fund

0.64	AMECX	Income Fund	Pair Corr
0.87	RNEBX	New World Fund	Pair Corr
0.65	AMFCX	American Mutual	Pair Corr
0.64	AMFFX	American Mutual	Pair Corr
0.64	AMEFX	Income Fund	Pair Corr
0.65	RNGGX	New Economy Fund	Pair Corr
0.65	RNGFX	New Economy Fund	Pair Corr
0.65	RNGHX	New Economy Fund	Pair Corr
0.65	RNGBX	New Economy Fund	Pair Corr
0.66	RNGAX	New Economy Fund	Pair Corr
0.65	RNGEX	New Economy Fund	Pair Corr
0.65	RNGCX	New Economy Fund	Pair Corr
0.65	RNNEX	New Economy Fund	Pair Corr
0.63	RNPBX	New Perspective	Pair Corr
0.63	RNPAX	New Perspective	Pair Corr
0.61	RNPHX	New Perspective	Pair Corr
0.61	RNPGX	New Perspective	Pair Corr
0.62	RNPCX	New Perspective	Pair Corr
0.61	RNPFX	New Perspective	Pair Corr
0.62	RNPEX	New Perspective	Pair Corr
0.63	AMRMX	American Mutual	Pair Corr
0.63	AMRFX	American Mutual	Pair Corr
0.87	RNWFX	New World Fund	Pair Corr

Related Correlations Analysis

	EQTYX	RGPAX	DBIWX	USLUX	GMADX	MGGNX	GAAUX	XAWFX
EQTYX		0.9	0.75	0.86	0.63	0.62	0.65	0.88	EQTYX
RGPAX	0.9		0.6	0.75	0.6	0.65	0.61	0.84	RGPAX
DBIWX	0.75	0.6		0.79	0.63	0.35	0.64	0.72	DBIWX
USLUX	0.86	0.75	0.79		0.55	0.69	0.56	0.87	USLUX
GMADX	0.63	0.6	0.63	0.55		0.32	1.0	0.54	GMADX
MGGNX	0.62	0.65	0.35	0.69	0.32		0.33	0.77	MGGNX
GAAUX	0.65	0.61	0.64	0.56	1.0	0.33		0.54	GAAUX
XAWFX	0.88	0.84	0.72	0.87	0.54	0.77	0.54		XAWFX
	EQTYX	RGPAX	DBIWX	USLUX	GMADX	MGGNX	GAAUX	XAWFX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EQTYX	0.43	0.00	(0.12)	0.04	0.61	(0.53)	1.04	(0.92)	4.10
RGPAX	0.58	0.02	(0.07)	2.50	0.86	(0.58)	1.27	(1.57)	4.08
DBIWX	0.25	(0.01)	(0.21)	(0.69)	0.38	(0.25)	0.49	(0.69)	1.86
USLUX	0.79	0.02	(0.04)	(0.91)	1.69	(0.80)	1.66	(1.59)	10.07
GMADX	0.63	0.01	(0.04)	0.12	1.21	(0.64)	1.17	(1.28)	11.02
MGGNX	0.16	(0.02)	0.00	(0.34)	0.00	0.00	0.35	(0.35)	1.05
GAAUX	0.62	(0.01)	(0.05)	0.07	1.23	(0.63)	1.17	(1.28)	10.86
XAWFX	0.12	0.00	(0.30)	(0.21)	0.17	(0.14)	0.18	(0.44)	0.88

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American Funds Correlations

American Funds Correlation With Market

Modest diversification

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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