Capital Income Correlations
| CIRCX Fund | USD 79.86 0.17 0.21% |
The current 90-days correlation between Capital Income Builder and Icon Financial Fund is 0.18 (i.e., Average 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.
Capital |
Moving together with Capital Mutual Fund
| 1.0 | CIBFX | Capital Income Builder | PairCorr |
| 1.0 | CAIBX | Capital Income Builder | PairCorr |
| 1.0 | CIBCX | Capital Income Builder | PairCorr |
| 1.0 | RIRAX | Capital Income Builder | PairCorr |
| 1.0 | RIREX | Capital Income Builder | PairCorr |
| 1.0 | RIRCX | Capital Income Builder | PairCorr |
| 1.0 | RIRFX | Capital Income Builder | PairCorr |
| 1.0 | CIREX | Capital Income Builder | PairCorr |
| 1.0 | RIRBX | Capital Income Builder | PairCorr |
| 0.71 | PDI | Pimco Dynamic Income | PairCorr |
| 0.7 | BMBSX | Baird Quality Interm | PairCorr |
| 0.9 | GILCX | Guggenheim Large Cap | PairCorr |
| 0.87 | PBLCX | Blue Chip Fund | PairCorr |
| 0.96 | CFIPX | Qs Global Equity | PairCorr |
| 0.9 | GLRIX | James Balanced Golden | PairCorr |
| 0.69 | GSSQX | Goldman Sachs Equity | PairCorr |
| 0.86 | BA | Boeing | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Earnings Call Tomorrow | PairCorr |
Moving against Capital Mutual Fund
| 0.89 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.46 | USPSX | Profunds Ultrashort | PairCorr |
| 0.44 | USPIX | Profunds Ultrashort | PairCorr |
| 0.35 | MMM | 3M Company | PairCorr |
Related Correlations Analysis
| 0.84 | -0.88 | 0.0 | 0.83 | FAFCX | ||
| 0.84 | -0.84 | 0.0 | 0.64 | PGFMX | ||
| -0.88 | -0.84 | 0.0 | -0.54 | FIDAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | MCBXX | ||
| 0.83 | 0.64 | -0.54 | 0.0 | ICFAX | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FAFCX | 0.76 | 0.15 | 0.12 | 0.56 | 0.73 | 1.65 | 9.07 | |||
| PGFMX | 0.32 | 0.05 | 0.01 | 0.66 | 0.29 | 0.66 | 2.83 | |||
| FIDAX | 1.31 | (0.37) | 0.00 | 2.41 | 0.00 | 1.78 | 33.76 | |||
| MCBXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICFAX | 0.85 | 0.18 | 0.24 | 0.23 | 0.41 | 1.66 | 14.63 |