American Funds Correlations

RINEX Fund

USD 13.76 0.04 0.29%

The current 90-days correlation between American Funds Income and Ms Global Fixed is 0.2 (i.e., Modest 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

Poor diversification

The correlation between American Funds Income and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Income 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 Income. 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 American Mutual Fund

0.61	RESCX	Opportunity Fund Class	Pair Corr
0.62	HSOAX	Hsbc Opportunity	Pair Corr
0.83	VWINX	Vanguard Wellesley Income	Pair Corr
0.84	VWIAX	Vanguard Wellesley Income	Pair Corr
0.94	BKMIX	Blackrock Multi Asset	Pair Corr
0.95	HBLTX	Hartford Balanced	Pair Corr
0.95	HBLRX	Hartford Balanced	Pair Corr
0.95	HBLSX	Hartford Balanced	Pair Corr
0.95	HBLVX	Hartford Balanced	Pair Corr
0.95	HBLYX	Hartford Balanced	Pair Corr
0.95	HBLCX	Hartford Balanced	Pair Corr
0.95	HBLIX	Hartford Balanced	Pair Corr
0.89	JAAAX	Alternative Asset	Pair Corr
0.62	TINRX	Tiaa Cref Equity	Pair Corr
0.92	FAAIX	Fidelity Asset Manager	Pair Corr
0.66	SRFMX	Sarofim Equity	Pair Corr
0.62	CSGEX	Blackrock Small Cap	Pair Corr
0.75	PSWIX	Strategic Asset Mana	Pair Corr
0.63	TIHHX	Tiaa Cref High	Pair Corr
0.67	TRNEX	T Rowe Price	Pair Corr
0.63	ALFCX	Lord Abbett Alpha	Pair Corr

Moving against American Mutual Fund

0.74

FMFFX

Fs Managed Futures

Pair Corr

Related Correlations Analysis

	MFIRX	LOGRX	DFVEX	SWSFX	GSCYX	GGESX
MFIRX		0.22	0.13	0.22	0.14	0.4	MFIRX
LOGRX	0.22		0.95	0.55	0.96	0.78	LOGRX
DFVEX	0.13	0.95		0.71	0.98	0.77	DFVEX
SWSFX	0.22	0.55	0.71		0.63	0.46	SWSFX
GSCYX	0.14	0.96	0.98	0.63		0.75	GSCYX
GGESX	0.4	0.78	0.77	0.46	0.75		GGESX
	MFIRX	LOGRX	DFVEX	SWSFX	GSCYX	GGESX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MFIRX	0.10	0.01	(0.53)	(0.52)	0.00	(0.23)	0.19	(0.19)	0.76
LOGRX	0.47	(0.01)	(0.11)	0.11	0.39	(0.52)	0.86	(0.89)	2.96
DFVEX	0.63	(0.01)	0.00	0.12	0.63	(0.73)	1.41	(1.06)	5.26
SWSFX	0.04	0.00	(1.18)	(0.08)	0.00	(0.17)	0.10	(0.10)	0.49
GSCYX	0.86	(0.03)	0.02	0.10	0.83	(1.06)	2.14	(1.37)	7.13
GGESX	0.60	(0.06)	(0.09)	0.06	0.80	(0.61)	1.12	(1.36)	3.48

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