Capital Income Correlations

CIBFX Fund

USD 79.59 0.18 0.23%

The current 90-days correlation between Capital Income Builder and Europacific Growth Fund is 0.94 (i.e., Almost no diversification). The correlation of Capital Income 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.

Capital Income Correlation With Market

Poor diversification

The correlation between Capital Income Builder and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Income Builder 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 Capital Income Builder. 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 Capital Mutual Fund

1.0	CAIBX	Capital Income Builder	Pair Corr
1.0	CIBCX	Capital Income Builder	Pair Corr
1.0	RIRAX	Capital Income Builder	Pair Corr
1.0	RIREX	Capital Income Builder	Pair Corr
1.0	RIRCX	Capital Income Builder	Pair Corr
1.0	RIRFX	Capital Income Builder	Pair Corr
1.0	CIRCX	Capital Income Builder	Pair Corr
1.0	CIREX	Capital Income Builder	Pair Corr
1.0	RIRBX	Capital Income Builder	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VITSX	Vanguard Total Stock	Pair Corr
0.8	VFFSX	Vanguard 500 Index	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.69	VTSAX	Vanguard Total Stock	Pair Corr
0.93	VTSNX	Vanguard Total Inter	Pair Corr
0.93	VTISX	Vanguard Total Inter	Pair Corr
0.94	VTPSX	Vanguard Total Inter	Pair Corr
0.72	VINIX	Vanguard Institutional	Pair Corr
0.95	IHOTX	Hartford Interna	Pair Corr
0.89	GILCX	Guggenheim Large Cap	Pair Corr
0.75	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.97	HCKFX	Hartford Checks	Pair Corr
0.91	CCHTX	American Funds 2045	Pair Corr
0.87	PBLCX	Blue Chip Fund	Pair Corr
0.69	GSSQX	Goldman Sachs Equity	Pair Corr
0.91	PEXMX	T Rowe Price	Pair Corr
0.67	THPGX	Thompson Largecap	Pair Corr
0.91	GCSCX	Goldman Sachs Small	Pair Corr
0.83	ETV	Eaton Vance Tax	Pair Corr
0.93	UIVAX	Value Fund Value	Pair Corr
0.98	VPMCX	Vanguard Primecap	Pair Corr
0.8	TRROX	T Rowe Price	Pair Corr
0.97	CFIPX	Qs Global Equity	Pair Corr
0.84	TEBRX	Teberg Fund	Pair Corr
0.87	SCHLX	Deutsche Health And	Pair Corr
0.71	PDI	Pimco Dynamic Income	Pair Corr

Related Correlations Analysis

	CIRAX	CAIBX	RIRGX	AMECX	IFAFX	RIDGX	SWPPX	RWICX	AEPGX	RERHX
CIRAX		0.93	0.94	0.91	0.99	0.91	0.84	0.9	0.9	0.9	CIRAX
CAIBX	0.93		1.0	0.96	0.94	0.96	0.78	0.97	0.98	0.98	CAIBX
RIRGX	0.94	1.0		0.96	0.95	0.96	0.79	0.97	0.98	0.98	RIRGX
AMECX	0.91	0.96	0.96		0.93	1.0	0.72	0.98	0.94	0.94	AMECX
IFAFX	0.99	0.94	0.95	0.93		0.93	0.81	0.92	0.92	0.92	IFAFX
RIDGX	0.91	0.96	0.96	1.0	0.93		0.73	0.98	0.94	0.94	RIDGX
SWPPX	0.84	0.78	0.79	0.72	0.81	0.73		0.76	0.77	0.77	SWPPX
RWICX	0.9	0.97	0.97	0.98	0.92	0.98	0.76		0.97	0.97	RWICX
AEPGX	0.9	0.98	0.98	0.94	0.92	0.94	0.77	0.97		1.0	AEPGX
RERHX	0.9	0.98	0.98	0.94	0.92	0.94	0.77	0.97	1.0		RERHX
	CIRAX	CAIBX	RIRGX	AMECX	IFAFX	RIDGX	SWPPX	RWICX	AEPGX	RERHX

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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Income 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 Capital Income'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
CIRAX	0.37	0.07	0.08	0.19	0.30	(0.42)	0.75	(0.73)	2.29
CAIBX	0.45	0.15	0.24	0.36	0.00	(0.54)	0.80	(0.75)	6.50
RIRGX	0.44	0.14	0.22	0.36	0.13	(0.51)	0.82	(0.73)	5.82
AMECX	0.45	0.19	0.37	0.48	0.00	(0.58)	0.79	(0.64)	7.40
IFAFX	0.34	0.09	0.13	0.24	0.16	(0.39)	0.75	(0.67)	1.66
RIDGX	0.45	0.20	0.37	0.51	0.00	(0.56)	0.79	(0.70)	7.35
SWPPX	0.57	(0.01)	(0.02)	0.03	0.90	(0.54)	1.15	(1.53)	3.73
RWICX	0.74	0.26	0.26	0.53	0.37	(0.84)	1.26	(1.35)	10.98
AEPGX	0.77	0.24	0.29	0.39	0.30	(0.90)	1.70	(1.23)	11.31
RERHX	0.77	0.25	0.30	0.40	0.28	(0.87)	1.71	(1.23)	11.37

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Capital Income Correlations

Capital Income Correlation With Market

Poor diversification

Moving together with Capital Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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