American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Intermediate
FIFBX Fund  USD 12.72  0.01  0.08%   
The current 90-days correlation between American Funds Inter and Franklin Emerging Market is 0.24 (i.e., Modest 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 Intermediate and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Intermediate 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 Intermediate. 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 bureau of labor statistics.

Moving together with American Mutual Fund

  0.71RNEBX New World FundPairCorr
  0.8RNCCX American Funds IncomePairCorr
  0.89FPPPX American Funds PresePairCorr
  0.81AMEFX Income FundPairCorr
  0.79RNGGX New Economy FundPairCorr
  0.79RNGFX New Economy FundPairCorr
  0.79RNGHX New Economy FundPairCorr
  0.79RNGBX New Economy FundPairCorr
  0.79RNGAX New Economy FundPairCorr
  0.79RNGEX New Economy FundPairCorr
  0.79RNGCX New Economy FundPairCorr
  0.68TEAFX Tax Exempt BondPairCorr
  0.8FPTPX American Funds ConsePairCorr
  0.63TEFEX Tax Exempt FundPairCorr
  0.69RNNEX New Economy FundPairCorr
  0.73CDJAX American Funds CollegePairCorr
  0.75RNPBX New PerspectivePairCorr
  0.75RNPAX New PerspectivePairCorr
  0.75RNPHX New PerspectivePairCorr
  0.75RNPGX New PerspectivePairCorr
  0.75RNPCX New PerspectivePairCorr
  0.75RNPEX New PerspectivePairCorr
  0.83AMRFX American MutualPairCorr
  0.78RNRPX American Funds RetirementPairCorr
  0.71RNWEX New World FundPairCorr
  0.71RNWHX New World FundPairCorr
  0.71RNWGX New World FundPairCorr
  0.71RNWBX New World FundPairCorr
  0.71RNWAX New World FundPairCorr
  0.71RNWCX New World FundPairCorr
  0.85ANBFX American Funds StrategicPairCorr
  0.64TFEBX Tax Exempt BondPairCorr
  0.95SBFFX Short Term BondPairCorr
  0.86CENEX American Funds LegePairCorr
  0.76DITFX American Funds 2050PairCorr
  0.72TXEFX American Funds TaxPairCorr

Related Correlations Analysis


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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