American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Retirement
RERPX Fund  USD 12.73  0.02  0.16%   
The current 90-days correlation between American Funds Retirement and Flkypx is 0.13 (i.e., Average 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

Very weak diversification

The correlation between American Funds Retirement and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Retirement 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 Retirement. 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 american community survey.

Moving together with American Mutual Fund

  0.79AMECX Income FundPairCorr
  0.67AMFFX American MutualPairCorr
  0.88RNCCX American Funds IncomePairCorr
  0.65RNGGX New Economy FundPairCorr
  0.71RNGFX New Economy FundPairCorr
  0.7RNGHX New Economy FundPairCorr
  0.66RNGBX New Economy FundPairCorr
  0.66RNGAX New Economy FundPairCorr
  0.7RNGEX New Economy FundPairCorr
  0.89FPTPX American Funds ConsePairCorr
  0.76AMPFX Amcap Fund ClassPairCorr
  0.7AMRMX American MutualPairCorr
  0.71AMRFX American MutualPairCorr
  0.74AMUSX Us Government SecuritiesPairCorr
  0.62TEPFX American Funds TaxPairCorr
  0.61RNWGX New World FundPairCorr
  0.71ANBFX American Funds StrategicPairCorr
  0.74ANCFX American Funds FundaPairCorr
  0.7ANEFX New Economy FundPairCorr
  0.7ANFFX New Economy FundPairCorr
  0.78NPFFX New PerspectivePairCorr
  0.85DITFX American Funds 2050PairCorr
  0.73BALFX American BalancedPairCorr
  0.72BALCX American BalancedPairCorr
  0.73CWGIX Capital World GrowthPairCorr
  0.73CWGFX Capital World GrowthPairCorr
  0.81WSHFX Washington MutualPairCorr
  0.78RPEBX New PerspectivePairCorr
  0.86FAETX American Funds 2030PairCorr
  0.61WBFFX Capital World BondPairCorr
  0.99FAFWX American Funds RetirementPairCorr

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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