American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Washington
FWWMX Fund  USD 65.39  0.40  0.62%   
The current 90-days correlation between American Funds Washington and American Century Etf is 0.76 (i.e., Poor 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

Almost no diversification

The correlation between American Funds Washington and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Washington 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 Washington. 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 population.

Moving together with American Mutual Fund

  0.95AMECX Income FundPairCorr
  0.98AMFCX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.8RNCCX American Funds IncomePairCorr
  0.95AMEFX Income FundPairCorr
  0.97RNGGX New Economy FundPairCorr
  0.97RNGFX New Economy FundPairCorr
  0.97RNGHX New Economy FundPairCorr
  0.97RNGBX New Economy FundPairCorr
  0.97RNGAX New Economy FundPairCorr
  0.97RNGEX New Economy FundPairCorr
  0.97RNGCX New Economy FundPairCorr
  0.83FPTPX American Funds ConsePairCorr
  0.97RNNEX New Economy FundPairCorr
  0.98CDJAX American Funds CollegePairCorr
  0.98AMPCX Amcap Fund ClassPairCorr
  0.98AMPFX Amcap Fund ClassPairCorr
  0.93RNPBX New PerspectivePairCorr
  0.93RNPAX New PerspectivePairCorr
  0.94RNPHX New PerspectivePairCorr
  0.94RNPGX New PerspectivePairCorr
  0.94RNPCX New PerspectivePairCorr
  0.94RNPFX New PerspectivePairCorr
  0.94RNPEX New PerspectivePairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMRFX American MutualPairCorr
  0.71RNRPX American Funds RetirementPairCorr

Moving against American Mutual Fund

  0.36FPPPX American Funds PresePairCorr
  0.6AMUSX Us Government SecuritiesPairCorr
  0.58ANBAX American Funds StrategicPairCorr
  0.57ANBEX American Funds StrategicPairCorr
  0.57ANBGX American Funds StrategicPairCorr
  0.57ANBFX American Funds StrategicPairCorr
  0.57ANBCX American Funds StrategicPairCorr

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY