American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2030
FCETX Fund  USD 18.18  0.11  0.61%   
The current 90-days correlation between American Funds 2030 and American Funds 2025 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

Very poor diversification

The correlation between American Funds 2030 and DJI is 0.8 (i.e., Very poor 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

  0.93AMECX Income FundPairCorr
  0.78RNEBX New World FundPairCorr
  0.91AMFCX American MutualPairCorr
  0.9AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.93AMEFX Income FundPairCorr
  0.82RNGGX New Economy FundPairCorr
  0.82RNGFX New Economy FundPairCorr
  0.82RNGHX New Economy FundPairCorr
  0.83RNGBX New Economy FundPairCorr
  0.83RNGAX New Economy FundPairCorr
  0.82RNGEX New Economy FundPairCorr
  0.82RNGCX New Economy FundPairCorr
  0.98FPTPX American Funds ConsePairCorr
  0.82RNNEX New Economy FundPairCorr
  0.93CDJAX American Funds CollegePairCorr
  0.83AMPCX Amcap Fund ClassPairCorr
  0.83AMPFX Amcap Fund ClassPairCorr
  0.95RNPBX New PerspectivePairCorr
  0.95RNPAX New PerspectivePairCorr
  0.94RNPHX New PerspectivePairCorr
  0.94RNPGX New PerspectivePairCorr
  0.95RNPCX New PerspectivePairCorr
  0.94RNPFX New PerspectivePairCorr
  0.95RNPEX New PerspectivePairCorr
  0.9AMRMX American MutualPairCorr
  0.9AMRFX American MutualPairCorr
  0.95RNRPX American Funds RetirementPairCorr
  0.79RNWFX 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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