American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2045
REHTX Fund  USD 22.50  0.02  0.09%   
The current 90-days correlation between American Funds 2045 and Blackrock Conservative Prprdptfinstttnl is 0.01 (i.e., Significant 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

Significant diversification

The correlation between American Funds 2045 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2045 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 2045. 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

  0.99VTIVX Vanguard Target RetiPairCorr
  1.0AAHTX American Funds 2045PairCorr
  1.0CCHTX American Funds 2045PairCorr
  1.0FATTX American Funds 2045PairCorr
  0.99FFFGX Fidelity Freedom 2045PairCorr
  0.99FJTKX Fidelity Freedom 2045PairCorr
  0.87FQIPX Fidelity Freedom IndexPairCorr
  0.86FIOFX Fidelity Freedom IndexPairCorr
  0.87FFOLX Fidelity Freedom IndexPairCorr
  0.76HFCGX Hennessy Nerstone GrowthPairCorr
  0.62KMKNX Kinetics Market Oppo Steady GrowthPairCorr
  0.9WCEYX Ivy E EquityPairCorr
  0.76TEGYX Mid Cap GrowthPairCorr
  0.83TRLCX Tiaa-cref Large-capPairCorr
  0.85PRDSX T Rowe PricePairCorr
  0.77AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.76HD Home DepotPairCorr
  0.82CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.69CSCO Cisco Systems Aggressive PushPairCorr
  0.74INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.71HPQ HP IncPairCorr

Moving against American Mutual Fund

  0.53JNJ Johnson Johnson Sell-off TrendPairCorr
  0.41KO Coca Cola Aggressive PushPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PQCNX
+ 0.74
BICPX
XHNWX
+ 0.57
BICPX
XHNWX
+ 0.44
PQCNX
MDDAX
+ 0.31
PQCNX
  
High negative correlations   
HUDEX
- 0.67
PQCNX
HUDEX
- 0.45
MDDAX
MDDAX
- 0.34
XHNWX
HUDEX
- 0.18
BICPX
MDDAX
- 0.11
BICPX
HUDEX
- 0.07
XHNWX

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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