American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Income
INPFX Fund  USD 13.47  0.02  0.15%   
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 0.43 (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

  0.89AMECX Income FundPairCorr
  0.78RNEBX New World FundPairCorr
  0.87AMFFX American MutualPairCorr
  1.0RNCCX American Funds IncomePairCorr
  0.87RNGGX New Economy FundPairCorr
  0.87RNGFX New Economy FundPairCorr
  0.87RNGHX New Economy FundPairCorr
  0.84RNGBX New Economy FundPairCorr
  0.84RNGAX New Economy FundPairCorr
  0.86RNGEX New Economy FundPairCorr
  0.69TEBCX Tax Exempt BondPairCorr
  0.65TEAFX Tax Exempt BondPairCorr
  1.0FPTPX American Funds ConsePairCorr
  0.64TECFX Tax Exempt FundPairCorr
  0.9AMPFX Amcap Fund ClassPairCorr
  0.87AMRMX American MutualPairCorr
  0.87AMRFX American MutualPairCorr
  0.78AMUSX Us Government SecuritiesPairCorr
  0.79RNWHX New World FundPairCorr
  0.79RNWGX New World FundPairCorr
  0.78RNWBX New World FundPairCorr
  0.78RNWAX New World FundPairCorr
  0.82ANBFX American Funds StrategicPairCorr
  0.89ANCFX American Funds FundaPairCorr
  0.87ANEFX New Economy FundPairCorr
  0.87ANFFX New Economy FundPairCorr
  0.91NPFFX New PerspectivePairCorr
  0.65TFEBX Tax Exempt BondPairCorr
  0.94DITFX American Funds 2050PairCorr
  0.88BALFX American BalancedPairCorr
  0.87BALCX American BalancedPairCorr
  0.88CWGIX Capital World GrowthPairCorr
  0.88CWGFX Capital World GrowthPairCorr
  0.85WSHFX Washington MutualPairCorr
  0.91RPEBX New PerspectivePairCorr
  0.97FAETX American Funds 2030PairCorr
  0.8WBFFX Capital World BondPairCorr
  0.9FAFWX American Funds RetirementPairCorr

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