American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2010
RDATX Fund  USD 11.83  0.02  0.17%   
The current 90-days correlation between American Funds 2010 and Fidelity Freedom 2010 is 0.73 (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

Weak diversification

The correlation between American Funds 2010 and DJI is 0.32 (i.e., Weak 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

  0.86AMECX Income FundPairCorr
  0.85RNEBX New World FundPairCorr
  0.89AMFCX American MutualPairCorr
  0.89AMFFX American MutualPairCorr
  0.95RNCCX American Funds IncomePairCorr
  0.86AMEFX Income FundPairCorr
  0.88RNGGX New Economy FundPairCorr
  0.89RNGFX New Economy FundPairCorr
  0.89RNGHX New Economy FundPairCorr
  0.89RNGBX New Economy FundPairCorr
  0.89RNGAX New Economy FundPairCorr
  0.89RNGEX New Economy FundPairCorr
  0.88RNGCX New Economy FundPairCorr
  0.64AMHIX American High IncomePairCorr
  0.69TEBCX Tax Exempt BondPairCorr
  0.69TECCX Tax Exempt FundPairCorr
  0.64TEAFX Tax Exempt BondPairCorr
  0.94FPTPX American Funds ConsePairCorr
  0.63TECFX Tax Exempt FundPairCorr
  0.63TEFEX Tax Exempt FundPairCorr
  0.89RNNEX New Economy FundPairCorr
  0.81CDJAX American Funds CollegePairCorr
  0.9AMPCX Amcap Fund ClassPairCorr
  0.88AMPFX Amcap Fund ClassPairCorr
  0.91RNPBX New PerspectivePairCorr
  0.91RNPAX New PerspectivePairCorr
  0.9RNPHX New PerspectivePairCorr
  0.9RNPGX New PerspectivePairCorr
  0.91RNPCX New PerspectivePairCorr
  0.9RNPFX New PerspectivePairCorr
  0.9RNPEX New PerspectivePairCorr
  0.88AMRMX American MutualPairCorr
  0.88AMRFX American MutualPairCorr
  0.68RNRPX American Funds RetirementPairCorr
  0.77AMUSX Us Government SecuritiesPairCorr
  0.61TEPCX American Funds TaxPairCorr
  0.85RNWFX New World FundPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FSNKX  0.24 (0.01)(0.24) 0.00  0.30 
(0.29)
 0.57 
(0.43)
 1.92 
RRTAX  0.27 (0.02)(0.20)(0.03) 0.42 
(0.26)
 0.53 
(0.66)
 1.97 
PARAX  0.27 (0.02)(0.21)(0.02) 0.38 
(0.29)
 0.59 
(0.65)
 2.01 
AAATX  0.27 (0.03) 0.00 (0.13) 0.00 
 0.00 
 0.51 
(0.67)
 2.52 
FAATX  0.28 (0.04) 0.00 (0.12) 0.00 
 0.00 
 0.51 
(0.59)
 2.54 
CCATX  0.27 (0.04) 0.00 (0.14) 0.00 
 0.00 
 0.52 
(0.59)
 2.64 
FFFCX  0.24 (0.01)(0.24) 0.00  0.30 
(0.27)
 0.57 
(0.43)
 1.85 
FOTKX  0.23 (0.01)(0.24) 0.01  0.30 
(0.27)
 0.57 
(0.50)
 1.86 
REATX  0.28 (0.04) 0.00 (0.12) 0.00 
 0.00 
 0.51 
(0.58)
 2.50 
RAATX  0.28 (0.04) 0.00 (0.15) 0.00 
 0.00 
 0.42 
(0.50)
 2.45 

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