Capital Income Correlations

Mutual Funds . USA . 
Fund . Capital Income Builder
RIRAX Fund  USD 80.88  1.26  1.58%   
The current 90-days correlation between Capital Income Builder and Gold And Precious is 0.22 (i.e., Modest diversification). The correlation of Capital Income 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.

Capital Income Correlation With Market

Very poor diversification

The correlation between Capital Income Builder and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Income Builder 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 Capital Income Builder. 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 nation.

Moving together with Capital Mutual Fund

  0.98RNEBX New World FundPairCorr
  0.96RNCCX American Funds IncomePairCorr
  0.93FPPPX American Funds PresePairCorr
  0.97AMEFX Income FundPairCorr
  0.96RNGGX New Economy Fund Potential GrowthPairCorr
  0.96RNGFX New Economy Fund Potential GrowthPairCorr
  0.96RNGHX New Economy Fund Potential GrowthPairCorr
  0.95RNGBX New Economy Fund Potential GrowthPairCorr
  0.95RNGAX New Economy Fund Potential GrowthPairCorr
  0.95RNGEX New Economy Fund Potential GrowthPairCorr
  0.95RNGCX New Economy Fund Potential GrowthPairCorr
  0.83TEAFX Tax Exempt BondPairCorr
  0.96FPTPX American Funds ConsePairCorr
  0.77TEFEX Tax Exempt FundPairCorr
  0.86RNNEX New Economy Fund Potential GrowthPairCorr
  0.95CDJAX American Funds CollegePairCorr
  0.97RNPBX New PerspectivePairCorr
  0.97RNPAX New PerspectivePairCorr
  0.97RNPHX New PerspectivePairCorr
  0.97RNPGX New PerspectivePairCorr
  0.97RNPCX New PerspectivePairCorr
  0.97RNPFX New PerspectivePairCorr
  0.97RNPEX New PerspectivePairCorr
  0.97AMRFX American MutualPairCorr
  0.95RNRPX American Funds RetirementPairCorr
  0.98RNWFX New World FundPairCorr
  0.98RNWEX New World FundPairCorr
  0.98RNWHX New World FundPairCorr
  0.98RNWGX New World FundPairCorr
  0.98RNWBX New World FundPairCorr
  0.98RNWAX New World FundPairCorr
  0.98RNWCX New World FundPairCorr
  0.88CDWEX American Funds DevelopingPairCorr
  0.88CDWFX American Funds DevelopingPairCorr
  0.87CDWCX American Funds DevelopingPairCorr
  0.88CDWAX American Funds DevelopingPairCorr
  0.84ANBGX American Funds StrategicPairCorr
  0.82ANBFX American Funds StrategicPairCorr
  0.83TFEBX Tax Exempt BondPairCorr
  0.88SBFFX Short Term BondPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Income 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 Capital Income'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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