American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2050
DITFX Fund  USD 21.23  0.14  0.66%   
The current 90-days correlation between American Funds 2050 and The Gabelli Healthcare is 0.49 (i.e., Very 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

Modest diversification

The correlation between American Funds 2050 and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2050 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in American Funds 2050. 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 census.

Moving together with American Mutual Fund

  0.73AMECX Income FundPairCorr
  0.69RNEBX New World FundPairCorr
  0.74AMFCX American MutualPairCorr
  0.74AMFFX American MutualPairCorr
  0.92RNCCX American Funds IncomePairCorr
  0.73AMEFX Income FundPairCorr
  0.84RNGGX New Economy FundPairCorr
  0.84RNGFX New Economy FundPairCorr
  0.84RNGHX New Economy FundPairCorr
  0.82RNGBX New Economy FundPairCorr
  0.82RNGAX New Economy FundPairCorr
  0.84RNGEX New Economy FundPairCorr
  0.83RNGCX New Economy FundPairCorr
  0.68AMHIX American High IncomePairCorr
  0.71TEBCX Tax Exempt BondPairCorr
  0.7TECCX Tax Exempt FundPairCorr
  0.67TEAFX Tax Exempt BondPairCorr
  0.93FPTPX American Funds ConsePairCorr
  0.67TECFX Tax Exempt FundPairCorr
  0.66TEFEX Tax Exempt FundPairCorr
  0.83RNNEX New Economy FundPairCorr
  0.97CDJAX American Funds CollegePairCorr
  0.89AMPCX Amcap Fund ClassPairCorr
  0.91AMPFX Amcap Fund ClassPairCorr
  0.92RNPBX New PerspectivePairCorr
  0.92RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.92RNPCX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.74AMRMX American MutualPairCorr
  0.74AMRFX American MutualPairCorr
  0.86RNRPX American Funds RetirementPairCorr
  0.67AMUSX Us Government SecuritiesPairCorr
  0.68TEPCX American Funds TaxPairCorr
  0.7RNWFX New World FundPairCorr

Related Correlations Analysis

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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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