Capital Income Correlations
| RIRCX Fund | USD 72.35 0.16 0.53% |
The current 90-days correlation between Capital Income Builder and Calvert High Yield is 0.39 (i.e., Weak 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
Poor diversification
The correlation between Capital Income Builder and DJI is 0.63 (i.e., 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.
Capital |
Moving together with Capital Mutual Fund
| 0.73 | AMECX | Income Fund | PairCorr |
| 0.88 | RNEBX | New World Fund | PairCorr |
| 0.68 | AMFCX | American Mutual | PairCorr |
| 0.67 | AMFFX | American Mutual | PairCorr |
| 0.8 | RNCCX | American Funds Income | PairCorr |
| 0.64 | AMEFX | Income Fund | PairCorr |
| 0.8 | FPTPX | American Funds Conse | PairCorr |
| 0.67 | RNPBX | New Perspective | PairCorr |
| 0.75 | RNPAX | New Perspective | PairCorr |
| 0.72 | RNPGX | New Perspective | PairCorr |
| 0.75 | RNPCX | New Perspective | PairCorr |
| 0.72 | RNPFX | New Perspective | PairCorr |
| 0.74 | RNPEX | New Perspective | PairCorr |
| 0.63 | AMRMX | American Mutual | PairCorr |
| 0.64 | AMRFX | American Mutual | PairCorr |
| 0.95 | RNRPX | American Funds Retirement | PairCorr |
| 0.81 | RNWEX | New World Fund | PairCorr |
| 0.88 | RNWGX | New World Fund | PairCorr |
| 0.81 | RNWBX | New World Fund | PairCorr |
Related Correlations Analysis
| 0.59 | 0.38 | 0.37 | 0.46 | 0.75 | 0.87 | CYBAX | ||
| 0.59 | 0.2 | 0.3 | 0.12 | 0.85 | 0.58 | SGYAX | ||
| 0.38 | 0.2 | 0.59 | 0.59 | 0.34 | 0.56 | CBSYX | ||
| 0.37 | 0.3 | 0.59 | 0.84 | 0.28 | 0.65 | HIMYX | ||
| 0.46 | 0.12 | 0.59 | 0.84 | 0.22 | 0.72 | GHYSX | ||
| 0.75 | 0.85 | 0.34 | 0.28 | 0.22 | 0.7 | APDFX | ||
| 0.87 | 0.58 | 0.56 | 0.65 | 0.72 | 0.7 | MWHIX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CYBAX | 0.10 | 0.00 | (0.92) | 0.11 | 0.00 | 0.24 | 0.73 | |||
| SGYAX | 0.14 | 0.04 | (0.48) | (0.65) | 0.00 | 0.29 | 1.28 | |||
| CBSYX | 0.31 | 0.00 | (0.28) | 0.08 | 0.37 | 0.62 | 1.85 | |||
| HIMYX | 0.14 | 0.00 | (0.30) | 0.06 | 0.17 | 0.33 | 1.47 | |||
| GHYSX | 0.17 | 0.02 | (0.24) | (0.02) | 0.26 | 0.43 | 1.72 | |||
| APDFX | 0.11 | 0.03 | (0.60) | 1.82 | 0.00 | 0.33 | 0.90 | |||
| MWHIX | 0.09 | 0.00 | (0.73) | 0.64 | 0.00 | 0.22 | 0.65 |