American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2065
RHLTX Fund  USD 17.88  0.05  0.28%   
The current 90-days correlation between American Funds 2065 and Barings Active Short is -0.13 (i.e., Good 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 2065 and DJI is 0.45 (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 2065 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 2065. 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
  0.84RNEBX New World FundPairCorr
  0.71AMFCX American MutualPairCorr
  0.72AMFFX American MutualPairCorr
  0.91RNCCX American Funds IncomePairCorr
  0.78AMEFX Income FundPairCorr
  0.71RNGGX New Economy FundPairCorr
  0.72RNGFX New Economy FundPairCorr
  0.72RNGHX New Economy FundPairCorr
  0.66RNGBX New Economy FundPairCorr
  0.66RNGAX New Economy FundPairCorr
  0.71RNGEX New Economy FundPairCorr
  0.7RNGCX New Economy FundPairCorr
  0.65AMHIX American High IncomePairCorr
  0.62TEBCX Tax Exempt BondPairCorr
  0.65TEAFX Tax Exempt BondPairCorr
  0.91FPTPX American Funds ConsePairCorr
  0.61TECFX Tax Exempt FundPairCorr
  0.62TEFEX Tax Exempt FundPairCorr
  0.7RNNEX New Economy FundPairCorr
  0.98CDJAX American Funds CollegePairCorr
  0.7AMPCX Amcap Fund ClassPairCorr
  0.77AMPFX Amcap Fund ClassPairCorr
  0.88RNPBX New PerspectivePairCorr
  0.87RNPAX New PerspectivePairCorr
  0.9RNPHX New PerspectivePairCorr
  0.9RNPGX New PerspectivePairCorr
  0.88RNPCX New PerspectivePairCorr
  0.9RNPFX New PerspectivePairCorr
  0.9RNPEX New PerspectivePairCorr
  0.72AMRMX American MutualPairCorr
  0.72AMRFX American MutualPairCorr
  0.8RNRPX American Funds RetirementPairCorr
  0.66AMUSX Us Government SecuritiesPairCorr
  0.75TEPCX American Funds TaxPairCorr
  0.72TEPAX American Funds TaxPairCorr
  0.7TEPFX American Funds TaxPairCorr
  0.86RNWFX New World FundPairCorr

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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