American Balanced Correlations

Mutual Funds . USA . 
Fund . American Balanced Fund
CLBEX Fund  USD 36.42  0.11  0.30%   
The current 90-days correlation between American Balanced and Income Fund Of is 0.86 (i.e., Very poor diversification). 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.

American Balanced Correlation With Market

Very poor diversification

The correlation between American Balanced Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Balanced Fund 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 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 income.

Moving together with American Mutual Fund

  0.96AMECX Income FundPairCorr
  0.97AMFCX American MutualPairCorr
  0.97AMFFX American MutualPairCorr
  0.85RNCCX American Funds IncomePairCorr
  0.96AMEFX Income FundPairCorr
  0.97RNGGX New Economy FundPairCorr
  0.97RNGFX New Economy FundPairCorr
  0.97RNGHX New Economy FundPairCorr
  0.97RNGBX New Economy FundPairCorr
  0.97RNGAX New Economy FundPairCorr
  0.97RNGEX New Economy FundPairCorr
  0.97RNGCX New Economy FundPairCorr
  0.87FPTPX American Funds ConsePairCorr
  0.97RNNEX New Economy FundPairCorr
  0.99CDJAX American Funds CollegePairCorr
  0.97AMPCX Amcap Fund ClassPairCorr
  0.97AMPFX Amcap Fund ClassPairCorr
  0.96RNPBX New PerspectivePairCorr
  0.96RNPAX New PerspectivePairCorr
  0.96RNPHX New PerspectivePairCorr
  0.97RNPGX New PerspectivePairCorr
  0.96RNPCX New PerspectivePairCorr
  0.97RNPFX New PerspectivePairCorr
  0.96RNPEX New PerspectivePairCorr
  0.97AMRMX American MutualPairCorr
  0.97AMRFX American MutualPairCorr
  0.78RNRPX American Funds RetirementPairCorr
  0.61RNWFX New World FundPairCorr

Moving against American Mutual Fund

  0.52AMUSX Us Government SecuritiesPairCorr
  0.5ANBAX American Funds StrategicPairCorr
  0.49ANBEX American Funds StrategicPairCorr
  0.49ANBGX American Funds StrategicPairCorr
  0.49ANBFX American Funds StrategicPairCorr
  0.49ANBCX American Funds StrategicPairCorr

Related Correlations Analysis

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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.

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