American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2015
REJTX Fund  USD 13.18  0.01  0.08%   
The current 90-days correlation between American Funds 2015 and Ivy Natural Resources is 0.63 (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 2015 and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2015 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 2015. 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

  0.76AMECX Income FundPairCorr
  0.7RNEBX New World FundPairCorr
  0.61AMFCX American MutualPairCorr
  0.87RNCCX American Funds IncomePairCorr
  0.75AMEFX Income FundPairCorr
  0.86FPTPX American Funds ConsePairCorr
  0.72CDJAX American Funds CollegePairCorr
  0.78RNPBX New PerspectivePairCorr
  0.78RNPAX New PerspectivePairCorr
  0.76RNPHX New PerspectivePairCorr
  0.76RNPGX New PerspectivePairCorr
  0.77RNPCX New PerspectivePairCorr
  0.76RNPFX New PerspectivePairCorr
  0.65RNPEX New PerspectivePairCorr
  0.69AMRMX American MutualPairCorr
  0.69AMRFX American MutualPairCorr
  0.99RNRPX American Funds RetirementPairCorr
  0.7RNWFX New World FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
GAAEX
+ 0.99
CGAEX
DLDCX
+ 0.93
IGNCX
RSNYX
+ 0.84
IGNCX
RSNYX
+ 0.81
DLDCX
RSNYX
+ 0.74
ALEFX
ALEFX
+ 0.67
DLDCX
  
High negative correlations   
GAAEX
- 0.52
ALEFX
ALEFX
- 0.44
CGAEX

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