Capital Group Correlations

Mutual Funds . USA . 
Fund . Capital Group Equity
CUSEX Fund  USD 37.23  0.14  0.38%   
The current 90-days correlation between Capital Group Equity and Siit High Yield is 0.19 (i.e., Average diversification). The correlation of Capital Group 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.

Capital Group Correlation With Market

Very poor diversification

The correlation between Capital Group Equity and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Equity 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 Capital Group Equity. 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 discontinued.

Moving together with Capital Mutual Fund

  0.94AMECX Income FundPairCorr
  0.97AMFCX American MutualPairCorr
  0.94AMFFX American MutualPairCorr
  0.66AMHIX American High IncomePairCorr
  0.97AMPCX Amcap Fund ClassPairCorr
  0.95AMPFX Amcap Fund ClassPairCorr
  0.63AMUSX Us Government SecuritiesPairCorr
  0.77TEPCX American Funds TaxPairCorr
  0.78TEPAX American Funds TaxPairCorr
  0.77TEPFX American Funds TaxPairCorr
  0.79EMGEX Emerging Markets GrowthPairCorr
  0.71ANBEX American Funds StrategicPairCorr
  0.72ANBAX American Funds StrategicPairCorr
  0.79ANCFX American Funds FundaPairCorr
  0.97ANFCX New Economy FundPairCorr
  0.93ANEFX New Economy FundPairCorr
  0.96ANFFX New Economy FundPairCorr
  0.79EMRGX Emerging Markets GrowthPairCorr
  0.94NPFCX New PerspectivePairCorr
  0.94NPFFX New PerspectivePairCorr
  0.7CWBFX Capital World BondPairCorr
  0.67CWBCX Capital World BondPairCorr
  0.85PGGAX American Funds GlobalPairCorr
  0.85PGGFX American Funds GlobalPairCorr
  0.91ANWPX New PerspectivePairCorr
  0.84BALFX American BalancedPairCorr
  0.95BALCX American BalancedPairCorr
  0.93CWGIX Capital World GrowthPairCorr
  0.96CWGFX Capital World GrowthPairCorr
  0.96CWGCX Capital World GrowthPairCorr
  0.85WSHFX Washington MutualPairCorr
  0.93WSHCX Washington MutualPairCorr
  0.85FAATX American Funds 2010PairCorr
  0.85FAETX American Funds 2030PairCorr

Moving against Capital Mutual Fund

  0.69AMRMX American MutualPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Group 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 Capital Group'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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