American Funds Correlations
| FWCBX Fund | USD 72.90 0.14 0.19% |
The current 90-days correlation between American Funds Capital and Omni Small Cap Value is 0.04 (i.e., Significant 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 |
Moving together with American Mutual Fund
| 1.0 | RIRAX | Capital Income Builder | PairCorr |
| 1.0 | RIREX | Capital Income Builder | PairCorr |
| 1.0 | RIRCX | Capital Income Builder | PairCorr |
| 1.0 | RIRFX | Capital Income Builder | PairCorr |
| 1.0 | CIRCX | Capital Income Builder | PairCorr |
| 1.0 | CIREX | Capital Income Builder | PairCorr |
| 1.0 | RIRBX | Capital Income Builder | PairCorr |
| 1.0 | CAIFX | Capital Income Builder | PairCorr |
| 1.0 | CIRFX | Capital Income Builder | PairCorr |
| 0.87 | CIRAX | Capital Income Builder | PairCorr |
| 0.78 | VTISX | Vanguard Total Inter | PairCorr |
| 0.78 | VTSNX | Vanguard Total Inter | PairCorr |
| 0.78 | VTPSX | Vanguard Total Inter | PairCorr |
| 0.78 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.72 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.72 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.69 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| 0.7 | 0.23 | 0.74 | 0.81 | 0.8 | 0.32 | BOSVX | ||
| 0.7 | -0.02 | 0.76 | 0.9 | 0.7 | -0.01 | LIOTX | ||
| 0.23 | -0.02 | 0.39 | 0.19 | 0.5 | 0.88 | PRVBX | ||
| 0.74 | 0.76 | 0.39 | 0.86 | 0.87 | 0.37 | NQQQX | ||
| 0.81 | 0.9 | 0.19 | 0.86 | 0.81 | 0.21 | OPTCX | ||
| 0.8 | 0.7 | 0.5 | 0.87 | 0.81 | 0.54 | TRBCX | ||
| 0.32 | -0.01 | 0.88 | 0.37 | 0.21 | 0.54 | BXDCX | ||
| 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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BOSVX | 0.98 | (0.09) | (0.02) | 0.06 | 0.91 | 2.11 | 8.98 | |||
| LIOTX | 0.63 | 0.07 | 0.03 | 0.24 | 0.69 | 1.25 | 3.54 | |||
| PRVBX | 0.09 | 0.00 | (0.93) | 0.33 | 0.00 | 0.20 | 0.53 | |||
| NQQQX | 0.76 | 0.11 | 0.00 | 1.31 | 1.06 | 1.55 | 5.13 | |||
| OPTCX | 0.15 | 0.02 | (0.40) | 0.22 | 0.00 | 0.32 | 1.04 | |||
| TRBCX | 0.72 | 0.02 | 0.00 | 0.14 | 0.95 | 1.66 | 4.86 | |||
| BXDCX | 0.09 | 0.01 | (0.83) | (0.50) | 0.00 | 0.22 | 0.65 |