American Funds Correlations

RHFTX Fund  USD 19.69  0.02  0.10%   
The current 90-days correlation between American Funds 2035 and Income Fund Of is 0.12 (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

AmericanDowDiversified AwayAmericanDowDiversified Away100%

Good diversification

The correlation between American Funds 2035 and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2035 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 2035. 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

  0.72AMECX Income FundPairCorr
  0.9RNEBX New World FundPairCorr
  0.74AMFCX American MutualPairCorr
  0.74AMFFX American MutualPairCorr
  0.88RNCCX American Funds IncomePairCorr
  0.72AMEFX Income FundPairCorr
  0.78RNGGX New Economy FundPairCorr
  0.78RNGFX New Economy FundPairCorr
  0.78RNGHX New Economy FundPairCorr
  0.82RNGBX New Economy FundPairCorr
  0.76RNGAX New Economy FundPairCorr
  0.78RNGEX New Economy FundPairCorr
  0.77RNGCX New Economy FundPairCorr
  0.72AMHIX American High IncomePairCorr
  0.73TEBCX Tax Exempt BondPairCorr
  0.73TECCX Tax Exempt FundPairCorr
  0.71TEAFX Tax Exempt BondPairCorr
  0.87FPTPX American Funds ConsePairCorr
  0.71TECFX Tax Exempt FundPairCorr
  0.7TEFEX Tax Exempt FundPairCorr
  0.77RNNEX New Economy FundPairCorr
  0.85CDJAX American Funds CollegePairCorr
  0.86AMPCX Amcap Fund ClassPairCorr
  0.89AMPFX Amcap Fund ClassPairCorr
  0.91RNPBX New PerspectivePairCorr
  0.91RNPAX New PerspectivePairCorr
  0.91RNPHX New PerspectivePairCorr
  0.91RNPGX New PerspectivePairCorr
  0.91RNPCX New PerspectivePairCorr
  0.91RNPFX New PerspectivePairCorr
  0.91RNPEX New PerspectivePairCorr
  0.74AMRMX American MutualPairCorr
  0.74AMRFX American MutualPairCorr
  0.68AMUSX Us Government SecuritiesPairCorr
  0.72TEPCX American Funds TaxPairCorr
  0.64TEPAX American Funds TaxPairCorr
  0.62TEPFX American Funds TaxPairCorr
  0.9RNWFX New World FundPairCorr

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   
AMEFXAMECX
AMFFXAMFCX
RNGFXRNGGX
RNGHXRNGGX
RNGHXRNGFX
AMFCXAMECX
  
High negative correlations   
RNGHXFPPPX
RNGFXFPPPX
RNGGXFPPPX
FPPPXAMFCX
FPPPXAMFFX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMECX  0.42 (0.01)(0.02) 0.00  0.68 
 0.75 
 2.95 
RNEBX  0.57 (0.03) 0.00 (0.15) 0.00 
 0.83 
 3.76 
AMFCX  0.51 (0.06) 0.00 (0.06) 0.00 
 0.91 
 5.65 
AMFFX  0.51 (0.06) 0.00 (0.05) 0.00 
 0.91 
 5.60 
RNCCX  0.30  0.00 (0.02) 0.00  0.48 
 0.53 
 2.16 
FPPPX  0.10  0.01 (0.04) 0.13  0.00 
 0.22 
 0.75 
AMEFX  0.42 (0.01)(0.02) 0.00  0.69 
 0.79 
 2.95 
RNGGX  0.92 (0.09) 0.00 (0.07) 0.00 
 1.38 
 10.30 
RNGFX  0.92 (0.09) 0.00 (0.07) 0.00 
 1.39 
 10.28 
RNGHX  0.92 (0.10) 0.00 (0.07) 0.00 
 1.40 
 10.43 

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