Capital Income Correlations

Mutual Funds . USA . 
Fund . Capital Income Builder
CIRAX Fund  USD 69.92  0.34  0.49%   
The current 90-days correlation between Capital Income Builder and Neuberger Berman Real is 0.31 (i.e., Weak 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

Modest diversification

The correlation between Capital Income Builder and DJI is 0.22 (i.e., Modest 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 nation.

Moving together with Capital Mutual Fund

  0.94AMECX Income FundPairCorr
  0.94RNEBX New World FundPairCorr
  0.94AMFCX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.92RNCCX American Funds IncomePairCorr
  0.95AMEFX Income FundPairCorr
  0.89RNGGX New Economy FundPairCorr
  0.9RNGFX New Economy FundPairCorr
  0.9RNGHX New Economy FundPairCorr
  0.9RNGBX New Economy FundPairCorr
  0.91RNGAX New Economy FundPairCorr
  0.9RNGEX New Economy FundPairCorr
  0.89RNGCX New Economy FundPairCorr
  0.91FPTPX American Funds ConsePairCorr
  0.9RNNEX New Economy FundPairCorr
  0.72CDJAX American Funds CollegePairCorr
  0.84AMPCX Amcap Fund ClassPairCorr
  0.79AMPFX Amcap Fund ClassPairCorr
  0.88RNPBX New PerspectivePairCorr
  0.88RNPAX New PerspectivePairCorr
  0.86RNPHX New PerspectivePairCorr
  0.86RNPGX New PerspectivePairCorr
  0.87RNPCX New PerspectivePairCorr
  0.86RNPFX New PerspectivePairCorr
  0.86RNPEX New PerspectivePairCorr
  0.94AMRMX American MutualPairCorr
  0.94AMRFX American MutualPairCorr
  0.87RNRPX American Funds RetirementPairCorr
  0.81AMUSX Us Government SecuritiesPairCorr
  0.94RNWFX New World FundPairCorr

Related Correlations Analysis

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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.

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