American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Income
INPFX Fund  USD 13.62  0.07  0.52%   
The current 90-days correlation between American Funds Income and American Funds Growth is 0.94 (i.e., Almost no 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

Very weak diversification

The correlation between American Funds Income and DJI is 0.41 (i.e., Very 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 census.

Moving together with American Mutual Fund

  0.86RNEBX New World FundPairCorr
  0.86AMFCX American MutualPairCorr
  0.86AMFFX American MutualPairCorr
  1.0RNCCX American Funds IncomePairCorr
  0.8RNGGX New Economy FundPairCorr
  0.8RNGFX New Economy FundPairCorr
  0.79RNGHX New Economy FundPairCorr
  0.75RNGBX New Economy FundPairCorr
  0.75RNGAX New Economy FundPairCorr
  0.91FPTPX American Funds ConsePairCorr
  0.87RNWGX New World FundPairCorr
  0.89PGGAX American Funds GlobalPairCorr
  0.91CEUCX Europacific GrowthPairCorr
  0.67CGTFX Us Government SecuritiesPairCorr
  0.7CGTCX Us Government SecuritiesPairCorr
  0.75RRPPX American Funds RetirementPairCorr
  0.95FCJTX American Funds 2055PairCorr
  0.82RRQPX American Funds RetirementPairCorr
  0.89RROPX American Funds RetirementPairCorr
  0.91REJTX American Funds 2015PairCorr
  0.91RERAX Europacific GrowthPairCorr
  0.92RERGX Europacific GrowthPairCorr
  0.92RERFX Europacific GrowthPairCorr
  0.92RERHX Europacific GrowthPairCorr
  0.91RERCX Europacific GrowthPairCorr
  0.91RERBX Europacific GrowthPairCorr
  0.91REREX Europacific GrowthPairCorr
  0.91AEGFX Europacific GrowthPairCorr
  0.92AEPGX Europacific GrowthPairCorr
  0.67USGFX Us Government SecuritiesPairCorr
  0.93AWSHX Washington MutualPairCorr
  0.69RGVAX Us Government SecuritiesPairCorr
  0.7RGVCX Us Government SecuritiesPairCorr
  0.68RGVEX Us Government SecuritiesPairCorr
  0.75RIVDX American Funds InterPairCorr
  0.79FLIBX American Funds InflationPairCorr
  0.81IGICX International Growth AndPairCorr
  0.8IGIFX International Growth AndPairCorr

Related Correlations Analysis

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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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