American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2025
FAPTX Fund  USD 15.97  0.10  0.63%   
The current 90-days correlation between American Funds 2025 and American Funds 2030 is 0.98 (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

Poor diversification

The correlation between American Funds 2025 and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2025 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 2025. 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

  0.81AMECX Income FundPairCorr
  0.83RNEBX New World FundPairCorr
  0.77AMFCX American MutualPairCorr
  0.76AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.81AMEFX Income FundPairCorr
  0.62RNGGX New Economy FundPairCorr
  0.62RNGFX New Economy FundPairCorr
  0.62RNGHX New Economy FundPairCorr
  0.63RNGBX New Economy FundPairCorr
  0.63RNGAX New Economy FundPairCorr
  0.63RNGEX New Economy FundPairCorr
  0.63RNGCX New Economy FundPairCorr
  0.97FPTPX American Funds ConsePairCorr
  0.63RNNEX New Economy FundPairCorr
  0.78CDJAX American Funds CollegePairCorr
  0.64AMPCX Amcap Fund ClassPairCorr
  0.63AMPFX Amcap Fund ClassPairCorr
  0.83RNPBX New PerspectivePairCorr
  0.83RNPAX New PerspectivePairCorr
  0.82RNPHX New PerspectivePairCorr
  0.82RNPGX New PerspectivePairCorr
  0.83RNPCX New PerspectivePairCorr
  0.82RNPFX New PerspectivePairCorr
  0.83RNPEX New PerspectivePairCorr
  0.76AMRMX American MutualPairCorr
  0.75AMRFX American MutualPairCorr
  1.0RNRPX American Funds RetirementPairCorr
  0.83RNWFX 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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