American Funds Correlations

FATTX Fund

USD 22.00 0.02 0.09%

The current 90-days correlation between American Funds 2045 and Astor Longshort Fund is 0.12 (i.e., Average 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

Significant diversification

The correlation between American Funds 2045 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2045 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 2045. 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

0.99	VTIVX	Vanguard Target Reti	Pair Corr
1.0	AAHTX	American Funds 2045	Pair Corr
0.99	FFFGX	Fidelity Freedom 2045	Pair Corr
0.99	FJTKX	Fidelity Freedom 2045	Pair Corr
0.86	FIOFX	Fidelity Freedom Index	Pair Corr
0.71	WRHIX	Ivy High Income	Pair Corr
0.7	WHIAX	Ivy High Income	Pair Corr
0.72	IHIFX	Ivy High Income	Pair Corr
0.76	IVHIX	Ivy High Income	Pair Corr
0.84	PRDSX	T Rowe Price	Pair Corr
0.76	TEGYX	Mid Cap Growth	Pair Corr
0.65	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.69	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.71	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.82	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against American Mutual Fund

0.34	LIIAX	Columbia Porate Income	Pair Corr
0.33	SRINX	Columbia Porate Income	Pair Corr
0.42	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.4	KO	Coca Cola Aggressive Push	Pair Corr
0.36	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ASTIX	TEOJX	AOUNX	BSGAX	MDMTX	KMKCX	USCBX
ASTIX		0.24	0.74	0.14	-0.55	0.78	-0.09	ASTIX
TEOJX	0.24		0.35	0.3	-0.04	-0.05	0.1	TEOJX
AOUNX	0.74	0.35		0.55	-0.46	0.51	-0.01	AOUNX
BSGAX	0.14	0.3	0.55		0.22	-0.17	0.55	BSGAX
MDMTX	-0.55	-0.04	-0.46	0.22		-0.55	0.75	MDMTX
KMKCX	0.78	-0.05	0.51	-0.17	-0.55		-0.24	KMKCX
USCBX	-0.09	0.1	-0.01	0.55	0.75	-0.24		USCBX
	ASTIX	TEOJX	AOUNX	BSGAX	MDMTX	KMKCX	USCBX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

KMKCX	+ 0.78	ASTIX
USCBX	+ 0.75	MDMTX
AOUNX	+ 0.74	ASTIX
BSGAX	+ 0.55	AOUNX
USCBX	+ 0.55	BSGAX
KMKCX	+ 0.51	AOUNX

High negative correlations

KMKCX	- 0.55	MDMTX
MDMTX	- 0.55	ASTIX
MDMTX	- 0.46	AOUNX
USCBX	- 0.24	KMKCX
KMKCX	- 0.17	BSGAX
USCBX	- 0.09	ASTIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ASTIX	0.28	0.05	(0.17)	1.68	0.26	(0.32)	0.57	(0.64)	1.79
TEOJX	0.66	(0.02)	0.00	0.40	0.00	0.00	1.76	(1.83)	4.91
AOUNX	0.05	0.01	(1.01)	(0.55)	0.00	(0.22)	0.10	(0.10)	0.61
BSGAX	0.09	0.00	(0.76)	(0.12)	0.00	(0.16)	0.24	(0.12)	0.72
MDMTX	0.16	(0.01)	(0.33)	(0.23)	0.25	(0.23)	0.38	(0.56)	1.33
KMKCX	1.38	0.68	0.31	2.31	1.22	(1.67)	3.57	(2.21)	14.12
USCBX	0.15	0.02	(0.27)	(0.04)	0.23	(0.23)	0.39	(0.29)	1.74

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