American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2050
FAITX Fund  USD 20.90  0.30  1.42%   
The current 90-days correlation between American Funds 2050 and American Funds 2055 is 1.0 (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

AmericanDowDiversified AwayAmericanDowDiversified Away100%

Very weak diversification

The correlation between American Funds 2050 and DJI is 0.43 (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 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 estimate.

Moving together with American Mutual Fund

  0.65AMECX Income FundPairCorr
  0.9RNEBX New World FundPairCorr
  0.75AMFCX American MutualPairCorr
  0.75AMFFX American MutualPairCorr
  0.87RNCCX American Funds IncomePairCorr
  0.74AMEFX Income FundPairCorr
  0.82RNGGX New Economy FundPairCorr
  0.82RNGFX New Economy Fund Potential GrowthPairCorr
  0.81RNGHX New Economy FundPairCorr
  0.78RNGBX New Economy FundPairCorr
  0.78RNGAX New Economy FundPairCorr
  0.81RNGEX New Economy FundPairCorr
  0.8RNGCX New Economy FundPairCorr
  0.63AMHIX American High IncomePairCorr
  0.63TEBCX Tax Exempt BondPairCorr
  0.63TEAFX Tax Exempt BondPairCorr
  0.79FPTPX American Funds ConsePairCorr
  0.8RNNEX New Economy FundPairCorr
  0.97CDJAX American Funds CollegePairCorr
  0.8AMPCX Amcap Fund ClassPairCorr
  0.85AMPFX Amcap Fund ClassPairCorr
  0.92RNPBX New PerspectivePairCorr
  0.92RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.89RNPGX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.8AMRMX American MutualPairCorr
  0.64RNRPX American Funds RetirementPairCorr
  0.61TEPCX American Funds TaxPairCorr
  0.9RNWFX New World Fund Potential GrowthPairCorr
  0.9RNWEX New World Fund Potential GrowthPairCorr
  0.9RNWHX New World Fund Potential GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY