American Funds Correlations

FLIBX Fund

USD 9.49 0.01 0.11%

The current 90-days correlation between American Funds Inflation and Fidelity Advisor Financial is -0.02 (i.e., Good 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 weak diversification

The correlation between American Funds Inflation and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Inflation 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 Inflation. 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

0.68	FPPPX	American Funds Prese	Pair Corr
0.74	TEAFX	Tax Exempt Bond	Pair Corr
0.76	TEFEX	Tax Exempt Fund	Pair Corr
0.66	CDWEX	American Funds Developing	Pair Corr
0.67	CDWFX	American Funds Developing	Pair Corr
0.66	CDWCX	American Funds Developing	Pair Corr
0.65	CDWAX	American Funds Developing	Pair Corr
0.87	ANBGX	American Funds Strategic	Pair Corr
0.86	ANBFX	American Funds Strategic	Pair Corr
0.74	TFEBX	Tax Exempt Bond	Pair Corr

Related Correlations Analysis

	RPFGX	SBFAX	GCFSX	XFINX	FNPIX	ICFAX	FIKBX
RPFGX		0.96	0.92	0.41	0.67	0.87	0.95	RPFGX
SBFAX	0.96		0.9	0.29	0.57	0.81	0.93	SBFAX
GCFSX	0.92	0.9		0.35	0.37	0.85	0.9	GCFSX
XFINX	0.41	0.29	0.35		0.48	0.53	0.26	XFINX
FNPIX	0.67	0.57	0.37	0.48		0.64	0.64	FNPIX
ICFAX	0.87	0.81	0.85	0.53	0.64		0.84	ICFAX
FIKBX	0.95	0.93	0.9	0.26	0.64	0.84		FIKBX
	RPFGX	SBFAX	GCFSX	XFINX	FNPIX	ICFAX	FIKBX

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
RPFGX	0.75	0.11	0.05	1.06	0.88	(0.77)	1.71	(1.71)	4.39
SBFAX	1.00	0.29	0.25	(8.86)	0.52	(1.29)	1.70	(1.43)	18.47
GCFSX	0.55	0.17	0.14	4.29	0.50	(0.63)	1.15	(1.03)	3.77
XFINX	0.13	(0.01)	(0.14)	(0.04)	0.28	(0.13)	0.22	(0.43)	1.29
FNPIX	1.13	(0.16)	0.00	(0.05)	0.00	0.00	1.90	(2.76)	6.55
ICFAX	0.90	0.20	0.25	0.26	0.36	(1.26)	1.66	(0.98)	14.63
FIKBX	0.87	0.07	0.07	0.12	0.86	(0.98)	1.80	(1.80)	8.38

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American Funds Correlations

American Funds Correlation With Market

Very weak diversification

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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