American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Balanced
RGPFX Fund  USD 18.83  0.10  0.53%   
The current 90-days correlation between American Funds Balanced and American Funds Growth is 0.99 (i.e., No risk reduction). 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

Average diversification

The correlation between American Funds Balanced and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Balanced 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 Balanced. 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 census.

Moving together with American Mutual Fund

  0.76AMECX Income FundPairCorr
  0.81AMFCX American MutualPairCorr
  0.81AMFFX American MutualPairCorr
  0.78RNCCX American Funds IncomePairCorr
  0.76AMEFX Income FundPairCorr
  0.77RNGGX New Economy FundPairCorr
  0.7RNGFX New Economy FundPairCorr
  0.77RNGHX New Economy FundPairCorr
  0.71RNGBX New Economy FundPairCorr
  0.71RNGAX New Economy FundPairCorr
  0.7RNGEX New Economy FundPairCorr
  0.7RNGCX New Economy FundPairCorr
  0.96FPTPX American Funds ConsePairCorr
  0.78RNNEX New Economy FundPairCorr
  0.92CDJAX American Funds CollegePairCorr
  0.73AMPCX Amcap Fund ClassPairCorr
  0.72AMPFX Amcap Fund ClassPairCorr
  0.84RNPBX New PerspectivePairCorr
  0.93RNPAX New PerspectivePairCorr
  0.84RNPHX New PerspectivePairCorr
  0.83RNPGX New PerspectivePairCorr
  0.84RNPCX New PerspectivePairCorr
  0.83RNPFX New PerspectivePairCorr
  0.84RNPEX New PerspectivePairCorr
  0.69AMRMX American MutualPairCorr
  0.69AMRFX American MutualPairCorr
  0.81RNRPX 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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