American Funds Correlations

CIPCX Fund

USD 14.42 0.03 0.21%

The current 90-days correlation between American Funds Income and Old Westbury Short Term is 0.01 (i.e., Significant 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.

Check out Trending Equities to better understand how to build diversified portfolios. 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 private.

Moving together with American Mutual Fund

0.67	VWIAX	Vanguard Wellesley Income	Pair Corr
0.92	VWINX	Vanguard Wellesley Income	Pair Corr
0.97	BKMIX	Blackrock Multi Asset	Pair Corr
0.92	HBLTX	Hartford Balanced	Pair Corr
0.91	HBLRX	Hartford Balanced	Pair Corr
0.92	HBLSX	Hartford Balanced	Pair Corr
0.92	HBLVX	Hartford Balanced	Pair Corr
0.91	HBLFX	Hartford Balanced	Pair Corr
0.92	HBLYX	Hartford Balanced	Pair Corr
0.91	HBLCX	Hartford Balanced	Pair Corr
0.94	GAAKX	Gmo Alternative Allo	Pair Corr
0.81	GPBFX	Gmo E Plus	Pair Corr
0.95	GPMFX	Guidepath Managed Futures	Pair Corr
0.96	PQTAX	Pimco Trends Managed	Pair Corr
0.95	PQTNX	Pimco Trends Managed	Pair Corr
0.95	PQTIX	Aa Pimco Tr	Pair Corr
0.88	WARCX	Wells Fargo Advantage	Pair Corr
0.72	INTC	Intel Aggressive Push	Pair Corr
0.82	BA	Boeing	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr

Moving against American Mutual Fund

0.48	HPQ	HP Inc Aggressive Push	Pair Corr
0.38	T	ATT Inc Earnings Call This Week	Pair Corr
0.38	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	LCSAX	QLENX	FOSIX	JSNIX	CDICX	OWSBX
LCSAX		0.22	0.23	0.13	0.16	-0.07	LCSAX
QLENX	0.22		0.89	0.79	0.78	-0.44	QLENX
FOSIX	0.23	0.89		0.94	0.93	-0.44	FOSIX
JSNIX	0.13	0.79	0.94		0.99	-0.43	JSNIX
CDICX	0.16	0.78	0.93	0.99		-0.42	CDICX
OWSBX	-0.07	-0.44	-0.44	-0.43	-0.42		OWSBX
	LCSAX	QLENX	FOSIX	JSNIX	CDICX	OWSBX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CDICX	+ 0.99	JSNIX
JSNIX	+ 0.94	FOSIX
CDICX	+ 0.93	FOSIX
FOSIX	+ 0.89	QLENX
JSNIX	+ 0.79	QLENX
CDICX	+ 0.78	QLENX

High negative correlations

OWSBX	- 0.44	FOSIX
OWSBX	- 0.44	QLENX
OWSBX	- 0.43	JSNIX
OWSBX	- 0.42	CDICX
OWSBX	- 0.07	LCSAX

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
LCSAX	0.36	0.05	0.01	0.56	0.35	(0.42)	0.94	(0.71)	2.21
QLENX	0.33	0.08	0.09	0.93	0.16	(0.39)	0.85	(0.51)	1.88
FOSIX	0.07	0.01	(0.31)	0.41	0.00	(0.17)	0.22	(0.11)	0.55
JSNIX	0.06	0.01	(0.31)	0.66	0.00	(0.17)	0.11	(0.11)	0.54
CDICX	0.06	0.00	(0.46)	0.12	0.00	(0.11)	0.13	(0.13)	0.45
OWSBX	0.06	(0.01)	0.00	(0.91)	0.00	0.00	0.10	(0.10)	1.07

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC