Income Fund Correlations

Mutual Funds . USA . 
Fund . Income Fund Of
IFAFX Fund  USD 25.72  0.04  0.16%   
The current 90-days correlation between Income Fund and Capital Income Builder is 0.95 (i.e., Almost no diversification). The correlation of Income 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.

Income Fund Correlation With Market

Good diversification

The correlation between Income Fund Of and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Of and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Income Fund Of. 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 census.

Moving together with Income Mutual Fund

  1.0AMECX Income FundPairCorr
  0.7RNEBX New World FundPairCorr
  0.98AMFCX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.82RNCCX American Funds IncomePairCorr
  0.93AMEFX Income FundPairCorr
  0.89RNGGX New Economy FundPairCorr
  0.85RNGFX New Economy FundPairCorr
  0.89RNGHX New Economy FundPairCorr
  0.85RNGBX New Economy FundPairCorr
  0.85RNGAX New Economy FundPairCorr
  0.85RNGEX New Economy FundPairCorr
  0.85RNGCX New Economy FundPairCorr
  0.93FPTPX American Funds ConsePairCorr
  0.85RNNEX New Economy FundPairCorr
  0.95CDJAX American Funds CollegePairCorr
  0.84AMPCX Amcap Fund ClassPairCorr
  0.85AMPFX Amcap Fund ClassPairCorr
  0.85RNPBX New PerspectivePairCorr
  0.85RNPAX New PerspectivePairCorr
  0.86RNPHX New PerspectivePairCorr
  0.86RNPGX New PerspectivePairCorr
  0.92RNPCX New PerspectivePairCorr
  0.86RNPFX New PerspectivePairCorr
  0.92RNPEX New PerspectivePairCorr
  0.93AMRMX American MutualPairCorr
  0.98AMRFX American MutualPairCorr
  0.86RNRPX American Funds RetirementPairCorr
  0.72RNWFX New World FundPairCorr

Moving against Income Mutual Fund

  0.46AMUSX Us Government SecuritiesPairCorr
  0.38ANBEX American Funds StrategicPairCorr
  0.38ANBAX American Funds StrategicPairCorr
  0.38ANBCX American Funds StrategicPairCorr
  0.37ANBGX American Funds StrategicPairCorr
  0.37ANBFX American Funds StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income 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 Income 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.

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