American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Income
CIPEX Fund  USD 14.71  0.04  0.27%   
The current 90-days correlation between American Funds Income and Locorr Longshort Modities is 0.07 (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.

American Funds Correlation With Market

Almost no diversification

The correlation between American Funds Income and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Income 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 Income. 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 housing.

Moving together with American Mutual Fund

  0.94RNEBX New World FundPairCorr
  1.0RNCCX American Funds IncomePairCorr
  0.93FPPPX American Funds PresePairCorr
  0.92AMEFX Income FundPairCorr
  0.81RNGGX New Economy FundPairCorr
  0.81RNGFX New Economy FundPairCorr
  0.81RNGHX New Economy FundPairCorr
  0.8RNGBX New Economy FundPairCorr
  0.8RNGAX New Economy FundPairCorr
  0.81RNGEX New Economy FundPairCorr
  0.81RNGCX New Economy FundPairCorr
  0.91TEAFX Tax Exempt BondPairCorr
  0.97FPTPX American Funds ConsePairCorr
  0.89TEFEX Tax Exempt FundPairCorr
  0.81RNNEX New Economy FundPairCorr
  0.9CDJAX American Funds CollegePairCorr
  0.84RNPBX New PerspectivePairCorr
  0.84RNPAX New PerspectivePairCorr
  0.84RNPHX New PerspectivePairCorr
  0.85RNPGX New PerspectivePairCorr
  0.84RNPCX New PerspectivePairCorr
  0.85RNPFX New PerspectivePairCorr
  0.84RNPEX New PerspectivePairCorr
  0.99AMRFX American MutualPairCorr
  0.97RNRPX American Funds RetirementPairCorr
  0.97RNWFX New World FundPairCorr
  0.97RNWEX New World FundPairCorr
  0.94RNWHX New World FundPairCorr
  0.97RNWGX New World FundPairCorr
  0.97RNWBX New World FundPairCorr
  0.97RNWAX New World FundPairCorr
  0.97RNWCX New World FundPairCorr
  0.96CDWEX American Funds DevelopingPairCorr
  0.96CDWFX American Funds DevelopingPairCorr
  0.96CDWCX American Funds DevelopingPairCorr
  0.96CDWAX American Funds DevelopingPairCorr
  0.86ANBGX American Funds StrategicPairCorr
  0.85ANBFX American Funds StrategicPairCorr
  0.9CEAMX Short Term BondPairCorr
  0.91TFEBX Tax Exempt BondPairCorr

Related Correlations Analysis


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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