American Balanced Correlations

CLBAX Fund

USD 36.34 0.12 0.33%

The correlation of American Balanced 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, which includes a position in American Balanced Fund. 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 American Mutual Fund

0.95	AMECX	Income Fund	Pair Corr
0.66	RNEBX	New World Fund	Pair Corr
0.96	AMFCX	American Mutual	Pair Corr
0.96	AMFFX	American Mutual	Pair Corr
0.86	RNCCX	American Funds Income	Pair Corr
0.9	AMEFX	Income Fund	Pair Corr
0.96	RNGGX	New Economy Fund	Pair Corr
0.91	RNGFX	New Economy Fund	Pair Corr
0.96	RNGHX	New Economy Fund	Pair Corr
0.91	RNGBX	New Economy Fund	Pair Corr
0.97	RNGAX	New Economy Fund	Pair Corr
0.91	RNGEX	New Economy Fund	Pair Corr
0.91	RNGCX	New Economy Fund	Pair Corr
0.88	FPTPX	American Funds Conse	Pair Corr
0.97	RNNEX	New Economy Fund	Pair Corr
0.99	CDJAX	American Funds College	Pair Corr
0.92	AMPCX	Amcap Fund Class	Pair Corr
0.92	AMPFX	Amcap Fund Class	Pair Corr
0.96	RNPBX	New Perspective	Pair Corr
0.96	RNPAX	New Perspective	Pair Corr
0.89	RNPHX	New Perspective	Pair Corr
0.89	RNPGX	New Perspective	Pair Corr
0.96	RNPCX	New Perspective	Pair Corr
0.89	RNPFX	New Perspective	Pair Corr
0.96	RNPEX	New Perspective	Pair Corr
0.92	AMRMX	American Mutual	Pair Corr
0.97	AMRFX	American Mutual	Pair Corr
0.7	RNRPX	American Funds Retirement	Pair Corr
0.68	RNWFX	New World Fund	Pair Corr

Moving against American Mutual Fund

0.55	AMUSX	Us Government Securities	Pair Corr
0.52	ANBEX	American Funds Strategic	Pair Corr

Related Correlations Analysis

	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX	ABHYX	ID	SCAXF
AAVXF		0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	AAVXF
SCRYY	0.0		-0.44	0.0	0.44	0.47	0.5	0.31	0.45	-0.63	SCRYY
444859BR2	0.0	-0.44		0.0	-0.63	-0.62	-0.59	-0.09	-0.65	0.21	444859BR2
AQUI	-1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
SCRYX	0.0	0.44	-0.63	0.0		0.58	0.6	-0.03	0.62	-0.35	SCRYX
MSTSX	0.0	0.47	-0.62	0.0	0.58		0.72	0.4	0.4	0.03	MSTSX
LBHIX	0.0	0.5	-0.59	0.0	0.6	0.72		0.62	0.32	-0.21	LBHIX
ABHYX	0.0	0.31	-0.09	0.0	-0.03	0.4	0.62		-0.14	-0.01	ABHYX
ID	0.0	0.45	-0.65	0.0	0.62	0.4	0.32	-0.14		-0.44	ID
SCAXF	0.0	-0.63	0.21	0.0	-0.35	0.03	-0.21	-0.01	-0.44		SCAXF
	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX	ABHYX	ID	SCAXF

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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

LBHIX	+ 0.72	MSTSX
ID	+ 0.62	SCRYX
ABHYX	+ 0.62	LBHIX
LBHIX	+ 0.6	SCRYX
MSTSX	+ 0.58	SCRYX
LBHIX	+ 0.5	SCRYY

High negative correlations

AQUI	- 1.0	AAVXF
ID	- 0.65	444859BR2
SCRYX	- 0.63	444859BR2
SCAXF	- 0.63	SCRYY
MSTSX	- 0.62	444859BR2
LBHIX	- 0.59	444859BR2

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Balanced 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 Balanced'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
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYY	2.12	0.43	0.13	(1.15)	2.05	(2.81)	5.61	(4.09)	12.99
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
ID	3.81	0.25	0.03	1.85	4.78	(4.93)	7.69	(7.69)	23.97
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47

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American Balanced Correlations

Moving together with American Mutual Fund

Moving against American Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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