Capital World Correlations

Mutual Funds . USA . 
Fund . Capital World Growth
CWICX Fund  USD 65.68  0.19  0.29%   
The current 90-days correlation between Capital World Growth and Rbc Bluebay Emerging is 0.07 (i.e., Significant diversification). The correlation of Capital World 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 World Correlation With Market

Very weak diversification

The correlation between Capital World Growth and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital World Growth 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 World Growth. 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 main economic indicators.

Moving together with Capital Mutual Fund

  0.93AMECX Income FundPairCorr
  0.93RNEBX New World FundPairCorr
  0.96AMFFX American MutualPairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.99RNGGX New Economy FundPairCorr
  0.99RNGFX New Economy FundPairCorr
  0.99RNGHX New Economy FundPairCorr
  0.99RNGBX New Economy FundPairCorr
  0.99RNGEX New Economy FundPairCorr
  0.89FPTPX American Funds ConsePairCorr
  0.98AMPFX Amcap Fund ClassPairCorr
  0.96AMRMX American MutualPairCorr
  0.96AMRFX American MutualPairCorr
  0.75AMUSX Us Government SecuritiesPairCorr
  0.93RNWHX New World FundPairCorr
  0.93RNWBX New World FundPairCorr
  0.73CDWEX American Funds DevelopingPairCorr
  0.87ANBFX American Funds StrategicPairCorr
  0.96ANCFX American Funds FundaPairCorr
  0.99ANEFX New Economy FundPairCorr
  0.99ANFFX New Economy FundPairCorr
  0.9NPFFX New PerspectivePairCorr
  0.97BALFX American BalancedPairCorr
  0.97BALCX American BalancedPairCorr
  1.0CWGIX Capital World GrowthPairCorr
  1.0CWGFX Capital World GrowthPairCorr
  0.93WSHFX Washington MutualPairCorr
  0.87FAETX American Funds 2030PairCorr
  0.92WBFFX Capital World BondPairCorr
  0.75FAFWX American Funds RetirementPairCorr
  0.9FAOTX American Funds 2020PairCorr
  0.88FAQTX American Funds 2035PairCorr
  0.9FAPTX American Funds 2025PairCorr
  0.85FATTX American Funds 2045PairCorr
  0.85FAUTX American Funds 2040PairCorr
  0.84GFAFX Growth FundPairCorr
  0.89INPFX American Funds IncomePairCorr
  0.93SCWFX Smallcap WorldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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