Amcap Fund Correlations

FMACX Fund

USD 46.28 0.30 0.64%

The current 90-days correlation between Amcap Fund Class and Commonwealth Real Estate is 0.2 (i.e., Modest diversification). The correlation of Amcap Fund 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.

Amcap Fund Correlation With Market

Average diversification

The correlation between Amcap Fund Class and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amcap Fund Class 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 Amcap Fund Class. 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 main economic indicators.

Moving together with Amcap Mutual Fund

0.81	FAFGX	American Funds	Pair Corr
0.81	FFAFX	American Funds	Pair Corr
0.81	GFACX	Growth Fund	Pair Corr
0.81	GFAFX	Growth Fund	Pair Corr
0.81	AGTHX	Growth Fund	Pair Corr
0.81	CGFFX	Growth Fund	Pair Corr
0.81	CGFCX	Growth Fund	Pair Corr
0.81	CGFAX	Growth Fund	Pair Corr
0.81	CGFEX	Growth Fund	Pair Corr
0.81	RGAEX	Growth Fund	Pair Corr
0.63	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.63	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.63	BAC	Bank of America Aggressive Push	Pair Corr
0.62	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Amcap Mutual Fund

0.33	BTMPX	Ishares Msci Eafe	Pair Corr
0.33	BTMKX	Blackrock International	Pair Corr
0.33	MDIIX	Blackrock Intern Index	Pair Corr
0.33	FMFFX	Fs Managed Futures	Pair Corr
0.65	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.6	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.57	KO	Coca Cola Sell-off Trend	Pair Corr
0.46	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.41	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.34	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	CNREX	CREYX	FORFX	MRESX	FIKMX	JYEBX	PHRAX
CNREX		0.76	0.25	0.75	0.76	0.64	0.71	CNREX
CREYX	0.76		0.38	0.9	0.75	0.94	0.99	CREYX
FORFX	0.25	0.38		-0.02	-0.08	0.61	0.42	FORFX
MRESX	0.75	0.9	-0.02		0.9	0.71	0.87	MRESX
FIKMX	0.76	0.75	-0.08	0.9		0.54	0.72	FIKMX
JYEBX	0.64	0.94	0.61	0.71	0.54		0.96	JYEBX
PHRAX	0.71	0.99	0.42	0.87	0.72	0.96		PHRAX
	CNREX	CREYX	FORFX	MRESX	FIKMX	JYEBX	PHRAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PHRAX	+ 0.99	CREYX
PHRAX	+ 0.96	JYEBX
JYEBX	+ 0.94	CREYX
MRESX	+ 0.9	CREYX
FIKMX	+ 0.9	MRESX
PHRAX	+ 0.87	MRESX

High negative correlations

FIKMX	- 0.08	FORFX
MRESX	- 0.02	FORFX

Risk-Adjusted Indicators

There is a big difference between Amcap Mutual Fund performing well and Amcap Fund 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 Amcap Fund's 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
CNREX	0.62	0.03	(0.06)	0.19	0.78	(0.64)	1.22	(1.53)	3.86
CREYX	0.68	0.05	(0.04)	0.36	0.75	(0.74)	1.31	(1.31)	3.61
FORFX	0.06	0.02	0.00	1.04	0.00	0.00	0.11	0.00	0.21
MRESX	0.67	0.05	(0.06)	0.73	0.77	(0.73)	1.26	(1.33)	3.43
FIKMX	0.22	0.02	(0.32)	1.57	0.21	(0.24)	0.49	(0.41)	1.22
JYEBX	0.66	0.06	(0.02)	0.35	0.75	(0.69)	1.22	(1.15)	3.51
PHRAX	0.67	0.07	(0.03)	0.60	0.71	(0.77)	1.23	(1.27)	3.61

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC