American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2025
REDTX Fund  USD 16.20  0.04  0.25%   
The current 90-days correlation between American Funds 2025 and Valic Company I is 0.65 (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

Poor diversification

The correlation between American Funds 2025 and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2025 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 2025. 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

  0.83AMECX Income FundPairCorr
  0.82RNEBX New World FundPairCorr
  0.79AMFCX American MutualPairCorr
  0.78AMFFX American MutualPairCorr
  0.99RNCCX American Funds IncomePairCorr
  0.83AMEFX Income FundPairCorr
  0.65RNGGX New Economy FundPairCorr
  0.65RNGFX New Economy FundPairCorr
  0.65RNGHX New Economy FundPairCorr
  0.65RNGBX New Economy FundPairCorr
  0.65RNGAX New Economy FundPairCorr
  0.65RNGEX New Economy FundPairCorr
  0.65RNGCX New Economy FundPairCorr
  0.98FPTPX American Funds ConsePairCorr
  0.65RNNEX New Economy FundPairCorr
  0.8CDJAX American Funds CollegePairCorr
  0.66AMPCX Amcap Fund ClassPairCorr
  0.66AMPFX Amcap Fund ClassPairCorr
  0.85RNPBX New PerspectivePairCorr
  0.85RNPAX New PerspectivePairCorr
  0.84RNPHX New PerspectivePairCorr
  0.84RNPGX New PerspectivePairCorr
  0.84RNPCX New PerspectivePairCorr
  0.84RNPFX New PerspectivePairCorr
  0.84RNPEX New PerspectivePairCorr
  0.78AMRMX American MutualPairCorr
  0.77AMRFX American MutualPairCorr
  0.99RNRPX American Funds RetirementPairCorr
  0.83RNWFX 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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