Investment Correlations

Mutual Funds . USA . 
Fund . Investment Of America
RICFX Fund  USD 60.45  0.43  0.72%   
The current 90-days correlation between Investment Of America and Needham Aggressive Growth is 0.58 (i.e., Very weak 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

Very weak diversification

The correlation between Investment Of America and DJI is 0.47 (i.e., Very weak 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 census.

Moving together with Investment Mutual Fund

  0.92AMECX Income FundPairCorr
  0.81RNEBX New World FundPairCorr
  0.93AMFCX American MutualPairCorr
  0.93AMFFX American MutualPairCorr
  0.89RNCCX American Funds IncomePairCorr
  0.91RNGGX New Economy FundPairCorr
  0.99RNGFX New Economy FundPairCorr
  0.99RNGHX New Economy FundPairCorr
  0.98RNGBX New Economy FundPairCorr
  0.98RNGAX New Economy FundPairCorr
  0.99RNGEX New Economy FundPairCorr
  0.68AMHIX American High IncomePairCorr
  0.73TEBCX Tax Exempt BondPairCorr
  0.72TECCX Tax Exempt FundPairCorr
  0.68TEAFX Tax Exempt BondPairCorr
  0.89FPTPX American Funds ConsePairCorr
  0.67TECFX Tax Exempt FundPairCorr
  0.98AMPFX Amcap Fund ClassPairCorr
  0.89RNPGX New PerspectivePairCorr
  0.95AMRMX American MutualPairCorr
  0.95AMRFX American MutualPairCorr
  0.72AMUSX Us Government SecuritiesPairCorr
  0.81RNWHX New World FundPairCorr
  0.81RNWGX New World FundPairCorr
  0.81RNWBX New World FundPairCorr
  0.81RNWAX New World FundPairCorr
  0.81ANBEX American Funds StrategicPairCorr
  0.79ANBFX American Funds StrategicPairCorr
  0.8ANBAX American Funds StrategicPairCorr
  0.81ANBCX American Funds StrategicPairCorr
  0.96ANCFX American Funds FundaPairCorr
  0.99ANEFX New Economy FundPairCorr
  0.99ANFFX New Economy FundPairCorr
  0.9NPFCX New PerspectivePairCorr
  0.89NPFFX New PerspectivePairCorr

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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