American High Correlations

The correlation of American High 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 various price indices.

Moving together with American Mutual Fund

0.84	AHTFX	American High Income	Pair Corr
0.85	AHTCX	American High Income	Pair Corr
0.84	AHITX	American High Income	Pair Corr
0.85	BHYCX	Blackrock Hi Yld	Pair Corr
0.85	BHYIX	Blackrock High Yield	Pair Corr
0.84	BHYSX	Blackrock Hi Yld	Pair Corr
0.84	BHYAX	Blackrock High Yield	Pair Corr
0.86	VWEHX	Vanguard High Yield	Pair Corr
0.83	VWEAX	Vanguard High Yield	Pair Corr
0.82	PHYZX	Prudential High Yield	Pair Corr
0.71	ASG	Liberty All Star	Pair Corr
0.91	CII	Blackrock Enhanced	Pair Corr
0.81	ETV	Eaton Vance Tax	Pair Corr
0.81	CLM	Cornerstone Strategic	Pair Corr
0.93	CRF	Cornerstone Total Return	Pair Corr
0.88	USA	Liberty All Star	Pair Corr
0.91	NFJ	Virtus Dividend Interest	Pair Corr
0.84	LOTCX	Locorr Market Trend	Pair Corr
0.89	HRIDX	Harbor Diversified	Pair Corr
0.75	FJRLX	Fidelity Advisor	Pair Corr
0.84	TLMPX	Tiaa Cref Lifecycle	Pair Corr
0.83	TTRBX	Ambrus Core Bond	Pair Corr
0.91	ISKIX	Voya Index Solution	Pair Corr
0.76	WMT	Walmart Common Stock	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.7	CAT	Caterpillar	Pair Corr
0.62	XOM	Exxon Mobil Corp	Pair Corr
0.71	INTC	Intel	Pair Corr

Moving against American Mutual Fund

0.75	IFN	India Closed	Pair Corr
0.52	IIF	Morgan Stanley India	Pair Corr
0.52	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DTICX	LIGFX	PASVX	MDSKX	HAIDX	GABSX	LBDRX
DTICX		0.79	0.84	0.77	0.78	0.8	0.86	DTICX
LIGFX	0.79		0.89	0.95	0.94	0.91	0.84	LIGFX
PASVX	0.84	0.89		0.93	0.91	0.94	0.99	PASVX
MDSKX	0.77	0.95	0.93		0.92	0.95	0.86	MDSKX
HAIDX	0.78	0.94	0.91	0.92		0.89	0.88	HAIDX
GABSX	0.8	0.91	0.94	0.95	0.89		0.89	GABSX
LBDRX	0.86	0.84	0.99	0.86	0.88	0.89		LBDRX
	DTICX	LIGFX	PASVX	MDSKX	HAIDX	GABSX	LBDRX

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American High 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 High'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
DTICX	0.05	0.00	(0.23)	(0.14)	0.00	(0.15)	0.13	(0.13)	0.38
LIGFX	0.24	0.00	(0.06)	0.04	0.29	(0.25)	0.53	(0.51)	1.45
PASVX	0.96	0.21	0.25	0.18	0.60	(1.17)	2.24	(1.48)	14.45
MDSKX	0.92	0.04	0.04	0.07	1.08	(0.96)	1.92	(1.82)	4.61
HAIDX	0.67	0.16	0.20	0.25	0.49	(0.81)	1.32	(1.12)	6.20
GABSX	0.74	0.13	0.15	0.16	0.60	(0.83)	2.33	(1.28)	5.07
LBDRX	0.75	0.24	0.39	0.23	0.00	(0.96)	1.29	(1.07)	14.75

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American High Correlations

Moving together with American Mutual Fund

Moving against American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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