Capital Income Correlations

Mutual Funds . USA . 
Fund . Capital Income Builder
RCEEX Fund  USD 78.94  0.21  0.27%   
The current 90-days correlation between Capital Income Builder and Aqr Large Cap is 0.8 (i.e., Very poor diversification). The correlation of Capital Income 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.

Capital Income Correlation With Market

Very poor diversification

The correlation between Capital Income Builder and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Income Builder 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 Capital Income Builder. 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 american community survey.

Moving together with Capital Mutual Fund

  0.95RNCCX American Funds IncomePairCorr
  0.92FPPPX American Funds PresePairCorr
  0.97AMEFX Income FundPairCorr
  0.95FPTPX American Funds ConsePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.97AMRFX American MutualPairCorr
  0.97RNWGX New World FundPairCorr
  0.84CDWEX American Funds DevelopingPairCorr
  0.97CWIAX Capital World GrowthPairCorr
  0.94FAADX American Funds CollegePairCorr
  0.62CFAAX Bond FundPairCorr
  0.96FAFGX American FundsPairCorr
  0.8FAX Aberdeen Asia PacificPairCorr
  0.96FAIFX American FundsPairCorr
  0.84GWPEX American Funds GrowthPairCorr
  0.9FAXTX American Funds 2065PairCorr
  0.96GFFFX Growth FundPairCorr
  0.97FBAFX American Funds AmericanPairCorr
  0.65FSUGX American Funds GovernmentPairCorr
  0.65FSUUX American Funds GovernmentPairCorr
  0.96CGFEX Growth FundPairCorr
  0.96CGFFX Growth FundPairCorr
  0.96CGFCX Growth FundPairCorr
  0.96CGFAX Growth FundPairCorr
  0.63FBOFX American FundsPairCorr
  0.97FBONX American Funds AmericanPairCorr
  0.61CGTFX Us Government SecuritiesPairCorr
  0.95FCCTX American Funds 2020PairCorr
  0.95RRPPX American Funds RetirementPairCorr
  0.94FCJTX American Funds 2055PairCorr
  0.94RRQPX American Funds RetirementPairCorr
  0.94RROPX American Funds RetirementPairCorr
  0.95RAATX American Funds 2010PairCorr
  0.94RADTX American Funds 2025PairCorr
  0.93RAFFX Amcap Fund ClassPairCorr
  0.94RAITX American Funds 2050PairCorr
  0.9FUNFX American Funds FundaPairCorr
  0.97RSLAX Smallcap WorldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Income 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 Capital Income'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.

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