American Funds Correlations

Mutual Funds USA . 
Fund . American Funds 2030
FAETX Fund  USD 17.69  0.12  0.68%   
The current 90-days correlation between American Funds 2030 and American Funds 2035 is 0.99 (i.e., No risk reduction). 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 weak diversification

The correlation between American Funds 2030 and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2030 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 2030. 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 estimate.

Moving together with American Mutual Fund

  0.84AMECX Income FundPairCorr
  0.88RNEBX New World FundPairCorr
  0.79AMFCX American MutualPairCorr
  0.8AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.84AMEFX Income FundPairCorr
  0.81RNGGX New Economy FundPairCorr
  0.81RNGFX New Economy FundPairCorr
  0.81RNGHX New Economy FundPairCorr
  0.77RNGBX New Economy FundPairCorr
  0.77RNGAX New Economy FundPairCorr
  0.8RNGEX New Economy FundPairCorr
  0.79RNGCX New Economy FundPairCorr
  0.75AMHIX American High IncomePairCorr
  0.74TEBCX Tax Exempt BondPairCorr
  0.71TECCX Tax Exempt FundPairCorr
  0.75TEAFX Tax Exempt BondPairCorr
  0.98FPTPX American Funds ConsePairCorr
  0.71TECFX Tax Exempt FundPairCorr
  0.71TEFEX Tax Exempt FundPairCorr
  0.79RNNEX New Economy FundPairCorr
  0.96CDJAX American Funds CollegePairCorr
  0.81AMPCX Amcap Fund ClassPairCorr
  0.86AMPFX Amcap Fund ClassPairCorr
  0.92RNPBX New PerspectivePairCorr
  0.92RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.93RNPCX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.8AMRMX American MutualPairCorr
  0.8AMRFX American MutualPairCorr
  0.8RNRPX American Funds RetirementPairCorr
  0.79AMUSX Us Government SecuritiesPairCorr
  0.79TEPCX American Funds TaxPairCorr
  0.72TEPAX American Funds TaxPairCorr
  0.72TEPFX American Funds TaxPairCorr
  0.89RNWFX 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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