American Funds Correlations

Mutual Funds USA . 
Fund . American Funds 2055
FAJTX Fund  USD 27.21  0.03  0.11%   
The current 90-days correlation between American Funds 2055 and American Funds 2015 is 0.9 (i.e., Almost no 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

Weak diversification

The correlation between American Funds 2055 and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2055 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 2055. 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

  0.79AMECX Income FundPairCorr
  0.88RNEBX New World FundPairCorr
  0.74AMFCX American MutualPairCorr
  0.75AMFFX American MutualPairCorr
  0.95RNCCX American Funds IncomePairCorr
  0.79AMEFX Income FundPairCorr
  0.79RNGGX New Economy FundPairCorr
  0.79RNGFX New Economy FundPairCorr
  0.79RNGHX New Economy FundPairCorr
  0.75RNGBX New Economy FundPairCorr
  0.75RNGAX New Economy FundPairCorr
  0.79RNGEX New Economy FundPairCorr
  0.78RNGCX New Economy FundPairCorr
  0.7AMHIX American High IncomePairCorr
  0.69TEBCX Tax Exempt BondPairCorr
  0.67TECCX Tax Exempt FundPairCorr
  0.7TEAFX Tax Exempt BondPairCorr
  0.95FPTPX American Funds ConsePairCorr
  0.67TECFX Tax Exempt FundPairCorr
  0.66TEFEX Tax Exempt FundPairCorr
  0.78RNNEX New Economy FundPairCorr
  0.97CDJAX American Funds CollegePairCorr
  0.79AMPCX Amcap Fund ClassPairCorr
  0.85AMPFX Amcap Fund ClassPairCorr
  0.92RNPBX New PerspectivePairCorr
  0.91RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.92RNPCX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.75AMRMX American MutualPairCorr
  0.75AMRFX American MutualPairCorr
  0.77RNRPX American Funds RetirementPairCorr
  0.74AMUSX Us Government SecuritiesPairCorr
  0.74TEPCX American Funds TaxPairCorr
  0.68TEPAX American Funds TaxPairCorr
  0.67TEPFX 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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