American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2045
RBHHX Fund  USD 21.72  0.11  0.51%   
The current 90-days correlation between American Funds 2045 and Touchstone Large Cap is 0.74 (i.e., Poor 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 poor diversification

The correlation between American Funds 2045 and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2045 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 American Funds 2045. 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 rate.

Moving together with American Mutual Fund

  0.97AMECX Income FundPairCorr
  0.89AMFCX American MutualPairCorr
  0.89AMFFX American MutualPairCorr
  0.88RNCCX American Funds IncomePairCorr
  0.97AMEFX Income FundPairCorr
  0.89RNGGX New Economy FundPairCorr
  0.95RNGFX New Economy FundPairCorr
  0.89RNGHX New Economy FundPairCorr
  0.96RNGBX New Economy FundPairCorr
  0.96RNGAX New Economy FundPairCorr
  0.95RNGEX New Economy FundPairCorr
  0.96RNGCX New Economy FundPairCorr
  0.84FPTPX American Funds ConsePairCorr
  0.89RNNEX New Economy FundPairCorr
  0.92CDJAX American Funds CollegePairCorr
  0.95AMPCX Amcap Fund ClassPairCorr
  0.95AMPFX Amcap Fund ClassPairCorr
  0.98RNPBX New PerspectivePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.99RNPHX New PerspectivePairCorr
  0.99RNPGX New PerspectivePairCorr
  0.98RNPCX New PerspectivePairCorr
  0.99RNPFX New PerspectivePairCorr
  0.98RNPEX New PerspectivePairCorr
  0.96AMRMX American MutualPairCorr
  0.89AMRFX American MutualPairCorr
  0.75RNRPX American Funds RetirementPairCorr

Moving against American Mutual Fund

  0.51AMUSX Us Government SecuritiesPairCorr
  0.48ANBEX American Funds StrategicPairCorr

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