American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds The
FFBOX Fund  USD 11.23  0.01  0.09%   
The current 90-days correlation between American Funds and Vanguard Total Bond is 0.97 (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

Average diversification

The correlation between American Funds The and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds The 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 The. 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 persons.

Moving together with American Mutual Fund

  0.9FPPPX American Funds PresePairCorr
  0.77TEBCX Tax Exempt BondPairCorr
  0.81TECCX Tax Exempt FundPairCorr
  0.69TEAFX Tax Exempt BondPairCorr
  0.76TECFX Tax Exempt FundPairCorr
  0.73TEFEX Tax Exempt FundPairCorr
  0.97AMUSX Us Government SecuritiesPairCorr
  0.71TEPCX American Funds TaxPairCorr
  0.64TEPAX American Funds TaxPairCorr
  0.63TEPFX American Funds TaxPairCorr

Moving against American Mutual Fund

  0.65RNGGX New Economy FundPairCorr
  0.65RNGHX New Economy FundPairCorr
  0.64RNGAX New Economy FundPairCorr
  0.64RNNEX New Economy FundPairCorr
  0.6RNGFX New Economy FundPairCorr
  0.6RNGEX New Economy FundPairCorr
  0.59RNGBX New Economy FundPairCorr
  0.59RNGCX New Economy FundPairCorr
  0.56AMPFX Amcap Fund ClassPairCorr
  0.55AMPCX Amcap Fund ClassPairCorr
  0.47CDJAX American Funds CollegePairCorr
  0.43AMFFX American MutualPairCorr
  0.42AMFCX American MutualPairCorr
  0.4RNPCX New PerspectivePairCorr
  0.4RNPEX New PerspectivePairCorr
  0.39RNPBX New PerspectivePairCorr
  0.39RNPAX New PerspectivePairCorr
  0.37AMECX Income FundPairCorr
  0.35RNPHX New PerspectivePairCorr
  0.35RNPGX New PerspectivePairCorr
  0.35RNPFX New PerspectivePairCorr
  0.33AMEFX Income FundPairCorr
  0.65ANCFX American Funds FundaPairCorr
  0.64ANEFX New Economy FundPairCorr
  0.6ANFFX New Economy FundPairCorr
  0.59ANFCX New Economy FundPairCorr
  0.43AMRFX American MutualPairCorr
  0.39AMRMX American MutualPairCorr
  0.34NPFFX New PerspectivePairCorr
  0.33NPFCX New PerspectivePairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VBTLX  0.22 (0.03) 0.00 (0.66) 0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VBMFX  0.22 (0.03) 0.00  0.55  0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VBTIX  0.22 (0.03) 0.00  0.55  0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VTBSX  0.22 (0.03) 0.00  0.55  0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VTBIX  0.22 (0.03) 0.00  0.46  0.00 
 0.00 
 0.42 
(0.53)
 1.27 
VTBNX  0.22 (0.03) 0.00  0.46  0.00 
 0.00 
 0.42 
(0.53)
 1.27 
BFAFX  0.23 (0.04) 0.00 (0.63) 0.00 
 0.00 
 0.44 
(0.53)
 1.30 
ABNDX  0.22 (0.03) 0.00  0.58  0.00 
 0.00 
 0.44 
(0.53)
 1.30 
BFACX  0.22 (0.03) 0.00  0.63  0.00 
 0.00 
 0.44 
(0.53)
 1.30 
FFBOX  0.23 (0.04) 0.00 (0.61) 0.00 
 0.00 
 0.44 
(0.53)
 1.30 

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