Amcap Fund Correlations

RAEBX Fund

USD 44.65 0.38 0.86%

The current 90-days correlation between Amcap Fund Class and Omni Small Cap Value is -0.18 (i.e., Good diversification). The correlation of Amcap 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.

Amcap Fund Correlation With Market

Significant diversification

The correlation between Amcap Fund Class and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amcap Fund Class and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Amcap Fund Class. 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 bureau of labor statistics.

Moving together with Amcap Mutual Fund

0.62	RNEBX	New World Fund	Pair Corr
0.9	AMEFX	Income Fund	Pair Corr
0.74	RNGGX	New Economy Fund	Pair Corr
0.74	RNGFX	New Economy Fund	Pair Corr
0.67	RNGHX	New Economy Fund	Pair Corr
0.74	RNGBX	New Economy Fund	Pair Corr
0.67	RNGAX	New Economy Fund	Pair Corr
0.74	RNGEX	New Economy Fund	Pair Corr
0.74	RNGCX	New Economy Fund	Pair Corr
0.66	RNPBX	New Perspective	Pair Corr
0.65	RNPAX	New Perspective	Pair Corr
0.66	RNPGX	New Perspective	Pair Corr
0.65	RNPCX	New Perspective	Pair Corr
0.7	AMRFX	American Mutual	Pair Corr
0.62	RNWFX	New World Fund	Pair Corr
0.62	RNWEX	New World Fund	Pair Corr
0.62	RNWGX	New World Fund	Pair Corr
0.62	CDWFX	American Funds Developing	Pair Corr
0.62	CDWAX	American Funds Developing	Pair Corr
0.74	CEAMX	Short Term Bond	Pair Corr
0.73	SBFFX	Short Term Bond	Pair Corr
0.89	ANWFX	New Perspective	Pair Corr
0.61	CEUAX	Europacific Growth	Pair Corr
0.69	CWIEX	Capital World Growth	Pair Corr
0.69	CWICX	Capital World Growth	Pair Corr
0.69	CWIAX	Capital World Growth	Pair Corr

Moving against Amcap Mutual Fund

0.5	CENFX	American Funds Lege	Pair Corr
0.49	CENAX	American Funds Lege	Pair Corr
0.48	CENEX	American Funds Lege	Pair Corr
0.38	CENCX	American Funds Lege	Pair Corr

Related Correlations Analysis

	BOSVX	WBVNX	VISVX	DRSVX	PVCMX	BPSCX	GSXPX
BOSVX		0.92	0.84	0.81	0.8	0.93	0.92	BOSVX
WBVNX	0.92		0.89	0.86	0.84	0.89	0.94	WBVNX
VISVX	0.84	0.89		0.97	0.83	0.86	0.95	VISVX
DRSVX	0.81	0.86	0.97		0.9	0.88	0.92	DRSVX
PVCMX	0.8	0.84	0.83	0.9		0.92	0.84	PVCMX
BPSCX	0.93	0.89	0.86	0.88	0.92		0.92	BPSCX
GSXPX	0.92	0.94	0.95	0.92	0.84	0.92		GSXPX
	BOSVX	WBVNX	VISVX	DRSVX	PVCMX	BPSCX	GSXPX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BOSVX	0.98	0.15	0.13	0.21	0.80	(1.16)	2.20	(1.44)	8.85
WBVNX	0.73	0.06	0.01	0.27	0.94	(0.74)	1.81	(1.61)	4.16
VISVX	0.73	(0.03)	(0.02)	0.04	0.94	(0.75)	1.74	(1.38)	3.63
DRSVX	0.76	(0.05)	(0.04)	0.03	0.97	(0.84)	1.80	(1.43)	4.19
PVCMX	0.18	0.00	(0.29)	0.00	0.19	(0.23)	0.42	(0.42)	0.92
BPSCX	0.84	0.07	0.06	0.14	0.81	(0.90)	2.21	(1.63)	7.92
GSXPX	0.94	0.01	0.03	0.08	1.04	(1.06)	2.27	(1.64)	5.73

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