American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2010
RDATX Fund  USD 12.35  0.07  0.57%   
The current 90-days correlation between American Funds 2010 and American Funds 2055 is 0.85 (i.e., Very 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

Poor diversification

The correlation between American Funds 2010 and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2010 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 2010. 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 estimate.

Moving together with American Mutual Fund

  0.74AMECX Income FundPairCorr
  0.79RNEBX New World FundPairCorr
  0.69AMFCX American MutualPairCorr
  0.68AMFFX American MutualPairCorr
  0.96RNCCX American Funds IncomePairCorr
  0.74AMEFX Income FundPairCorr
  0.94FPTPX American Funds ConsePairCorr
  0.68CDJAX American Funds CollegePairCorr
  0.73RNPBX New PerspectivePairCorr
  0.73RNPAX New PerspectivePairCorr
  0.72RNPHX New PerspectivePairCorr
  0.72RNPGX New PerspectivePairCorr
  0.73RNPCX New PerspectivePairCorr
  0.72RNPFX New PerspectivePairCorr
  0.72RNPEX New PerspectivePairCorr
  0.68AMRMX American MutualPairCorr
  0.67AMRFX American MutualPairCorr
  0.98RNRPX American Funds RetirementPairCorr
  0.62TEPAX American Funds TaxPairCorr
  0.61TEPFX American Funds TaxPairCorr
  0.79RNWFX New World FundPairCorr

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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