American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Income
INPEX Fund  USD 13.32  0.04  0.30%   
The current 90-days correlation between American Funds Income and Northern Small Cap is 0.15 (i.e., Average 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

Weak diversification

The correlation between American Funds Income and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Income 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 American Funds Income. 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 income.

Moving together with American Mutual Fund

  0.83WRGCX Ivy Small CapPairCorr
  0.79WRHIX Ivy High IncomePairCorr
  0.88IMACX Ivy Apollo MultiPairCorr
  0.88IMAIX Ivy Apollo MultiPairCorr
  0.88IMAYX Ivy Apollo MultiPairCorr
  0.74WSCYX Ivy Small CapPairCorr
  0.62IMEGX Ivy Emerging MarketsPairCorr
  0.8WSGRX Ivy Small CapPairCorr
  0.84WASCX Ivy Asset StrategyPairCorr
  0.86WASYX Ivy Asset StrategyPairCorr
  0.88IMURX Ivy Apollo MultiPairCorr
  0.68INRSX Ivy Natural ResourcesPairCorr
  0.8WTRCX Ivy E EquityPairCorr
  0.83WCEYX Ivy E EquityPairCorr
  0.62IPOYX Ivy Emerging MarketsPairCorr
  0.63IPOCX Ivy Emerging MarketsPairCorr
  0.62IPOIX Ivy Emerging MarketsPairCorr
  0.8IREIX Ivy Advantus RealPairCorr
  0.72IRGFX Ivy Small CapPairCorr
  0.8IRSRX Ivy Advantus RealPairCorr
  0.8IRSYX Ivy Advantus RealPairCorr
  0.79IRSCX Ivy Advantus RealPairCorr
  0.87IRSEX Ivy Advantus RealPairCorr
  0.86IASTX Ivy Asset StrategyPairCorr
  0.86IASRX Ivy Asset StrategyPairCorr
  0.75IBARX Ivy BalancedPairCorr
  0.66WHIYX Ivy High IncomePairCorr
  0.76IBNYX Ivy BalancedPairCorr
  0.79IBNCX Ivy BalancedPairCorr
  0.91ITGRX Ivy Global GrowthPairCorr
  0.78ICEIX Ivy InternationalPairCorr
  0.84ICEQX Ivy E EquityPairCorr

Related Correlations Analysis

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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   
USCAX
+ 0.9
NSIDX
DSCPX
+ 0.86
NSIDX
USCAX
+ 0.84
DSCPX
  
High negative correlations   
QDARX
- 0.62
DSCPX
USCAX
- 0.49
SRDAX
QDARX
- 0.44
NSIDX
SRDAX
- 0.35
NSIDX
QDARX
- 0.33
SRDAX
QDARX
- 0.26
USCAX

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.

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