Investment Correlations

Mutual Funds . USA . 
Fund . Investment Of America
RICEX Fund  USD 60.20  0.43  0.72%   
The current 90-days correlation between Investment Of America and Growth Fund Of is 0.69 (i.e., Poor diversification). The correlation of Investment 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.

Investment Correlation With Market

Good diversification

The correlation between Investment Of America and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investment Of America 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 Investment Of America. 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 income.

Moving together with Investment Mutual Fund

  0.84AMECX Income FundPairCorr
  0.82RNEBX New World FundPairCorr
  0.95AMFCX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.86RNCCX American Funds IncomePairCorr
  0.99RNGGX New Economy FundPairCorr
  0.92RNGFX New Economy FundPairCorr
  0.92RNGHX New Economy FundPairCorr
  0.92RNGBX New Economy FundPairCorr
  0.92RNGAX New Economy FundPairCorr
  0.92RNGEX New Economy FundPairCorr
  0.7AMHIX American High IncomePairCorr
  0.69TEFEX Tax Exempt FundPairCorr
  0.88AMRMX American MutualPairCorr
  0.82RNWFX New World FundPairCorr
  0.96ANCFX American Funds FundaPairCorr
  0.91ANFCX New Economy FundPairCorr
  0.69TFEBX Tax Exempt BondPairCorr
  0.93ANWPX New PerspectivePairCorr
  0.89BALCX American BalancedPairCorr
  0.91CWGIX Capital World GrowthPairCorr
  0.93WSHFX Washington MutualPairCorr
  0.91CWICX Capital World GrowthPairCorr
  0.93CWMAX Washington MutualPairCorr
  0.69GVTFX Us Government SecuritiesPairCorr
  0.95FAFGX American FundsPairCorr
  0.66FAX Aberdeen Asia PacificPairCorr
  0.89CFIHX Capital Income BuilderPairCorr
  0.88TYIFX American Funds TaxPairCorr
  0.94GFAFX Growth FundPairCorr
  0.85SCWFX Smallcap WorldPairCorr
  0.95CGFFX Growth FundPairCorr
  0.8CGPEX American Funds GrowthPairCorr
  0.71CGTFX Us Government SecuritiesPairCorr
  0.73CGTCX Us Government SecuritiesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Investment Mutual Fund performing well and Investment 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 Investment's 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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