Capital Income Correlations

CIRAX Fund

USD 80.74 1.26 1.59%

The current 90-days correlation between Capital Income Builder and Europacific Growth Fund is 0.5 (i.e., Very 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

Almost no diversification

The correlation between Capital Income Builder and DJI is 0.9 (i.e., Almost no 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

0.92	RNEBX	New World Fund	Pair Corr
0.96	RNCCX	American Funds Income	Pair Corr
0.91	FPPPX	American Funds Prese	Pair Corr
0.91	AMEFX	Income Fund	Pair Corr
0.86	RNGGX	New Economy Fund Potential Growth	Pair Corr
0.86	RNGFX	New Economy Fund Potential Growth	Pair Corr
0.86	RNGHX	New Economy Fund Potential Growth	Pair Corr
0.85	RNGBX	New Economy Fund Potential Growth	Pair Corr
0.85	RNGAX	New Economy Fund Potential Growth	Pair Corr
0.85	RNGEX	New Economy Fund Potential Growth	Pair Corr
0.85	RNGCX	New Economy Fund Potential Growth	Pair Corr
0.86	TEAFX	Tax Exempt Bond	Pair Corr
0.96	FPTPX	American Funds Conse	Pair Corr
0.81	TEFEX	Tax Exempt Fund	Pair Corr
0.85	RNNEX	New Economy Fund Potential Growth	Pair Corr
0.89	CDJAX	American Funds College	Pair Corr
0.86	RNPBX	New Perspective	Pair Corr
0.86	RNPAX	New Perspective	Pair Corr
0.87	RNPHX	New Perspective	Pair Corr
0.87	RNPGX	New Perspective	Pair Corr
0.87	RNPCX	New Perspective	Pair Corr
0.87	RNPFX	New Perspective	Pair Corr
0.87	RNPEX	New Perspective	Pair Corr
0.9	AMRFX	American Mutual	Pair Corr
0.95	RNRPX	American Funds Retirement	Pair Corr
0.92	RNWFX	New World Fund	Pair Corr
0.92	RNWEX	New World Fund	Pair Corr
0.92	RNWHX	New World Fund	Pair Corr
0.92	RNWGX	New World Fund	Pair Corr
0.92	RNWBX	New World Fund	Pair Corr
0.92	RNWAX	New World Fund	Pair Corr
0.92	RNWCX	New World Fund	Pair Corr
0.91	CDWEX	American Funds Developing	Pair Corr
0.91	CDWFX	American Funds Developing	Pair Corr
0.91	CDWCX	American Funds Developing	Pair Corr
0.91	CDWAX	American Funds Developing	Pair Corr
0.84	ANBGX	American Funds Strategic	Pair Corr
0.83	ANBFX	American Funds Strategic	Pair Corr
0.87	CEAMX	Short Term Bond	Pair Corr
0.86	TFEBX	Tax Exempt Bond	Pair Corr

Related Correlations Analysis

	CIBFX	CAIBX	RIRGX	AMECX	IFAFX	RIDGX	SWPPX	RWICX	AEPGX	RERHX
CIBFX		1.0	1.0	0.97	0.95	0.97	0.77	0.97	0.98	0.98	CIBFX
CAIBX	1.0		1.0	0.97	0.95	0.97	0.77	0.97	0.98	0.98	CAIBX
RIRGX	1.0	1.0		0.97	0.96	0.97	0.78	0.97	0.98	0.98	RIRGX
AMECX	0.97	0.97	0.97		0.93	1.0	0.73	0.98	0.95	0.95	AMECX
IFAFX	0.95	0.95	0.96	0.93		0.93	0.77	0.91	0.92	0.92	IFAFX
RIDGX	0.97	0.97	0.97	1.0	0.93		0.73	0.98	0.95	0.95	RIDGX
SWPPX	0.77	0.77	0.78	0.73	0.77	0.73		0.77	0.78	0.78	SWPPX
RWICX	0.97	0.97	0.97	0.98	0.91	0.98	0.77		0.98	0.98	RWICX
AEPGX	0.98	0.98	0.98	0.95	0.92	0.95	0.78	0.98		1.0	AEPGX
RERHX	0.98	0.98	0.98	0.95	0.92	0.95	0.78	0.98	1.0		RERHX
	CIBFX	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
CIBFX	0.45	0.15	0.22	0.38	0.00	(0.55)	0.90	(0.74)	6.49
CAIBX	0.45	0.15	0.22	0.38	0.00	(0.54)	0.90	(0.75)	6.50
RIRGX	0.44	0.14	0.19	0.38	0.00	(0.52)	0.90	(0.73)	5.82
AMECX	0.46	0.19	0.32	0.49	0.00	(0.58)	0.79	(0.64)	7.40
IFAFX	0.36	0.09	0.10	0.27	0.15	(0.41)	0.78	(0.67)	1.66
RIDGX	0.46	0.19	0.31	0.51	0.00	(0.56)	0.79	(0.70)	7.35
SWPPX	0.61	(0.05)	(0.07)	0.02	0.89	(0.59)	1.25	(1.53)	3.73
RWICX	0.79	0.20	0.18	0.39	0.53	(0.89)	1.27	(1.35)	11.04
AEPGX	0.82	0.16	0.16	0.28	0.57	(0.91)	1.71	(1.36)	12.22
RERHX	0.82	0.17	0.17	0.29	0.56	(0.91)	1.72	(1.34)	12.29

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Capital Income Correlations

Capital Income Correlation With Market

Almost no diversification

Moving together with Capital Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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