American Funds Correlations

RDWFX Fund

USD 11.08 0.04 0.36%

The current 90-days correlation between American Funds Developing and Pnc International Growth is 0.81 (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

Modest diversification

The correlation between American Funds Developing and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Developing 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 Developing. 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 census.

Moving together with AMERICAN Mutual Fund

0.83	VEMAX	Vanguard Emerging Markets	Pair Corr
0.86	VEIEX	Vanguard Emerging Markets	Pair Corr
0.86	VEMIX	Vanguard Emerging Markets	Pair Corr
0.86	VEMRX	Vanguard Emerging Markets	Pair Corr
0.77	FWWNX	American Funds New	Pair Corr
0.77	FNFWX	American Funds New	Pair Corr
0.77	NEWFX	New World Fund	Pair Corr
0.78	NWFFX	New World Fund	Pair Corr
0.74	NEWCX	New World Fund	Pair Corr
0.93	ODVYX	Oppenheimer Developing	Pair Corr
0.69	JNJ	Johnson Johnson	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.63	KO	Coca Cola	Pair Corr
0.61	WMT	Walmart	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.71	VZ	Verizon Communications Aggressive Push	Pair Corr
0.67	T	ATT Inc	Pair Corr
0.72	IBM	International Business	Pair Corr
0.7	INTC	Intel	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.63	GE	GE Aerospace	Pair Corr

Moving against AMERICAN Mutual Fund

0.58

MRK

Merck Company Aggressive Push

Pair Corr

Related Correlations Analysis

	PIGDX	LMLRX	HSUAX	PAGLX	TAAEX
PIGDX		0.89	0.51	0.6	0.58	PIGDX
LMLRX	0.89		0.61	0.79	0.59	LMLRX
HSUAX	0.51	0.61		0.81	0.88	HSUAX
PAGLX	0.6	0.79	0.81		0.8	PAGLX
TAAEX	0.58	0.59	0.88	0.8		TAAEX
	PIGDX	LMLRX	HSUAX	PAGLX	TAAEX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PIGDX	0.71	0.08	0.12	0.08	0.93	(0.72)	1.57	(1.62)	3.99
LMLRX	0.31	0.01	0.00	(0.07)	0.00	0.00	0.53	(0.60)	1.93
HSUAX	0.78	(0.06)	0.00	0.23	0.00	0.00	1.41	(1.71)	4.98
PAGLX	0.66	0.00	0.00	(0.08)	0.00	0.00	1.11	(1.58)	4.08
TAAEX	1.36	(0.06)	0.00	0.19	0.00	0.00	2.70	(2.71)	8.97

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