American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2065
RDLTX Fund  USD 18.05  0.06  0.33%   
The current 90-days correlation between American Funds 2065 and Lord Abbett Convertible is 0.8 (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

Weak diversification

The correlation between American Funds 2065 and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2065 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 2065. 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

  0.67AMECX Income FundPairCorr
  0.61RNEBX New World FundPairCorr
  0.64AMFCX American MutualPairCorr
  0.65AMFFX American MutualPairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.68AMEFX Income FundPairCorr
  0.72RNGGX New Economy FundPairCorr
  0.75RNGFX New Economy FundPairCorr
  0.74RNGHX New Economy FundPairCorr
  0.7RNGBX New Economy FundPairCorr
  0.7RNGAX New Economy FundPairCorr
  0.74RNGEX New Economy FundPairCorr
  0.71RNGCX New Economy FundPairCorr
  0.64AMHIX American High IncomePairCorr
  0.63TEBCX Tax Exempt BondPairCorr
  0.61TECCX Tax Exempt FundPairCorr
  0.63TEAFX Tax Exempt BondPairCorr
  0.91FPTPX American Funds ConsePairCorr
  0.61TECFX Tax Exempt FundPairCorr
  0.73RNNEX New Economy FundPairCorr
  0.98CDJAX American Funds CollegePairCorr
  0.8AMPCX Amcap Fund ClassPairCorr
  0.85AMPFX Amcap Fund ClassPairCorr
  0.87RNPBX New PerspectivePairCorr
  0.86RNPAX New PerspectivePairCorr
  0.89RNPHX New PerspectivePairCorr
  0.89RNPGX New PerspectivePairCorr
  0.88RNPCX New PerspectivePairCorr
  0.89RNPFX New PerspectivePairCorr
  0.88RNPEX New PerspectivePairCorr
  0.65AMRMX American MutualPairCorr
  0.65AMRFX American MutualPairCorr
  0.86RNRPX American Funds RetirementPairCorr
  0.67AMUSX Us Government SecuritiesPairCorr
  0.68TEPCX American Funds TaxPairCorr
  0.64TEPAX American Funds TaxPairCorr
  0.62TEPFX American Funds TaxPairCorr
  0.62RNWFX 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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