American Funds Correlations

CIVKX Fund

USD 16.52 0.01 0.06%

The current 90-days correlation between American Funds Inter and Moderate Balanced Allocation is 0.54 (i.e., Very weak 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

Average diversification

The correlation between American Funds International and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds International 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 International. 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 industry.

Moving together with American Mutual Fund

0.94	RNEBX	New World Fund	Pair Corr
0.74	AMFCX	American Mutual	Pair Corr
0.74	AMFFX	American Mutual	Pair Corr
0.77	RNCCX	American Funds Income	Pair Corr
0.71	RNGFX	New Economy Fund	Pair Corr
0.72	RNGAX	New Economy Fund	Pair Corr
0.75	FPTPX	American Funds Conse	Pair Corr
0.72	RNNEX	New Economy Fund	Pair Corr
0.62	AMPCX	Amcap Fund Class	Pair Corr
0.72	RNPAX	New Perspective	Pair Corr
0.7	RNPGX	New Perspective	Pair Corr
0.7	RNPFX	New Perspective	Pair Corr
0.71	RNPEX	New Perspective	Pair Corr
0.73	AMRMX	American Mutual	Pair Corr
0.73	AMRFX	American Mutual	Pair Corr
0.86	AMUSX	Us Government Securities	Pair Corr
0.94	RNWGX	New World Fund	Pair Corr
0.94	CDWEX	American Funds Developing	Pair Corr
0.65	ANCFX	American Funds Funda	Pair Corr
0.73	ANFCX	New Economy Fund	Pair Corr
0.72	NPFCX	New Perspective	Pair Corr
0.71	NPFFX	New Perspective	Pair Corr
0.66	CENEX	American Funds Lege	Pair Corr
0.64	CENFX	American Funds Lege	Pair Corr
0.62	PGGFX	American Funds Global	Pair Corr
0.7	ANWPX	New Perspective	Pair Corr
0.71	BALFX	American Balanced	Pair Corr
0.72	BALCX	American Balanced	Pair Corr
0.81	CWGIX	Capital World Growth	Pair Corr
0.81	CWGFX	Capital World Growth	Pair Corr
0.82	CWGCX	Capital World Growth	Pair Corr
0.92	CEUCX	Europacific Growth	Pair Corr
0.92	CEUAX	Europacific Growth	Pair Corr

Related Correlations Analysis

	SBMCX	RRPPX	JLMOX	FLMTX	WBRMEX	URFRX	PRRTX	WMBFX
SBMCX		0.79	0.92	0.86	0.92	0.92	0.89	0.88	SBMCX
RRPPX	0.79		0.93	0.83	0.66	0.9	0.92	0.9	RRPPX
JLMOX	0.92	0.93		0.95	0.83	0.98	0.99	0.98	JLMOX
FLMTX	0.86	0.83	0.95		0.85	0.96	0.95	0.97	FLMTX
WBRMEX	0.92	0.66	0.83	0.85		0.87	0.8	0.8	WBRMEX
URFRX	0.92	0.9	0.98	0.96	0.87		0.96	0.97	URFRX
PRRTX	0.89	0.92	0.99	0.95	0.8	0.96		0.98	PRRTX
WMBFX	0.88	0.9	0.98	0.97	0.8	0.97	0.98		WMBFX
	SBMCX	RRPPX	JLMOX	FLMTX	WBRMEX	URFRX	PRRTX	WMBFX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SBMCX	0.49	(0.02)	0.00	(0.03)	0.00	0.00	0.90	(0.91)	3.77
RRPPX	0.30	(0.03)	0.00	(0.12)	0.00	0.00	0.56	(0.63)	2.38
JLMOX	0.29	(0.03)	0.00	(0.12)	0.00	0.00	0.64	(0.64)	2.20
FLMTX	0.25	(0.01)	(0.06)	(0.04)	0.39	(0.25)	0.48	(0.57)	1.98
WBRMEX	0.70	0.02	0.01	0.07	0.96	(0.70)	1.45	(1.19)	7.98
URFRX	0.42	(0.02)	0.00	(0.06)	0.00	0.00	0.76	(0.84)	3.27
PRRTX	0.30	(0.03)	0.00	(0.14)	0.00	0.00	0.67	(0.56)	2.25
WMBFX	0.33	(0.03)	0.00	(0.12)	0.00	0.00	0.59	(0.68)	2.72

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American Funds Correlations

American Funds Correlation With Market

Average diversification

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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