American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Inflation
CNLFX Fund  USD 9.45  0.01  0.11%   
The current 90-days correlation between American Funds Inflation and Gmo Alternative Allocation is 0.33 (i.e., 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

Very good diversification

The correlation between American Funds Inflation and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Inflation 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 Inflation. 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 against American Mutual Fund

  0.36AMEFX Income FundPairCorr
  0.35RNGGX New Economy FundPairCorr
  0.35RNGFX New Economy FundPairCorr
  0.35RNGHX New Economy FundPairCorr
  0.35RNGBX New Economy FundPairCorr
  0.35RNGAX New Economy FundPairCorr
  0.35RNGEX New Economy FundPairCorr
  0.35RNGCX New Economy FundPairCorr
  0.48SBFFX Short Term BondPairCorr
  0.37CEAMX Short Term BondPairCorr

Related Correlations Analysis


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.

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