American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Emerging
REGAX Fund  USD 7.64  0.01  0.13%   
The current 90-days correlation between American Funds Emerging and Ab Bond Inflation is 0.52 (i.e., Very weak 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 Emerging and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Emerging 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 Emerging. 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 nation.

Moving together with American Mutual Fund

  0.9AMECX Income FundPairCorr
  0.92RNEBX New World FundPairCorr
  0.89AMFCX American MutualPairCorr
  0.89AMFFX American MutualPairCorr
  0.85RNCCX American Funds IncomePairCorr
  0.9AMEFX Income FundPairCorr
  0.86RNGGX New Economy FundPairCorr
  0.89RNGFX New Economy FundPairCorr
  0.89RNGHX New Economy FundPairCorr
  0.9RNGBX New Economy FundPairCorr
  0.9RNGAX New Economy FundPairCorr
  0.89RNGEX New Economy FundPairCorr
  0.87RNGCX New Economy FundPairCorr
  0.61AMHIX American High IncomePairCorr
  0.66TEBCX Tax Exempt BondPairCorr
  0.66TECCX Tax Exempt FundPairCorr
  0.84FPTPX American Funds ConsePairCorr
  0.61TECFX Tax Exempt FundPairCorr
  0.89RNNEX New Economy FundPairCorr
  0.7CDJAX American Funds CollegePairCorr
  0.85AMPCX Amcap Fund ClassPairCorr
  0.81AMPFX Amcap Fund ClassPairCorr
  0.86RNPBX New PerspectivePairCorr
  0.86RNPAX New PerspectivePairCorr
  0.85RNPHX New PerspectivePairCorr
  0.84RNPGX New PerspectivePairCorr
  0.85RNPCX New PerspectivePairCorr
  0.85RNPFX New PerspectivePairCorr
  0.85RNPEX New PerspectivePairCorr
  0.88AMRMX American MutualPairCorr
  0.88AMRFX American MutualPairCorr
  0.67RNRPX American Funds RetirementPairCorr
  0.82AMUSX Us Government SecuritiesPairCorr
  0.61TEPCX American Funds TaxPairCorr
  0.92RNWFX 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.

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