American High Correlations

RITGX Fund

USD 9.94 0.01 0.10%

The current 90-days correlation between American High Income and Calamos LongShort Equity is 0.19 (i.e., Average diversification). The correlation of American High 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 High Correlation With Market

Almost no diversification

The correlation between American High Income and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American High 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 High 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 census.

Moving together with AMERICAN Mutual Fund

0.87	RNEBX	New World Fund	Pair Corr
0.89	RNGGX	New Economy Fund	Pair Corr
0.89	RNGFX	New Economy Fund	Pair Corr
0.89	RNGHX	New Economy Fund	Pair Corr
0.88	RNGBX	New Economy Fund	Pair Corr
0.88	RNGAX	New Economy Fund	Pair Corr
0.89	RNGEX	New Economy Fund	Pair Corr
0.89	RNGCX	New Economy Fund	Pair Corr
0.93	FPTPX	American Funds Conse	Pair Corr
0.87	RNPEX	New Perspective	Pair Corr
0.89	AMRFX	American Mutual	Pair Corr
0.88	RNWFX	New World Fund	Pair Corr
0.88	RNWGX	New World Fund	Pair Corr
0.8	CDWFX	American Funds Developing	Pair Corr
0.9	CWMAX	Washington Mutual	Pair Corr
0.72	GVTFX	Us Government Securities	Pair Corr
0.84	HIMFX	American High Income	Pair Corr
0.86	RPEBX	New Perspective	Pair Corr
0.94	FAADX	American Funds College	Pair Corr
0.85	FAFGX	American Funds	Pair Corr
0.74	FAX	Aberdeen Asia Pacific	Pair Corr
0.89	FAIFX	American Funds	Pair Corr
0.89	DJTFX	American Funds 2010	Pair Corr
0.84	CFNAX	American Funds Funda	Pair Corr
0.93	FSFWX	American Funds Smallcap	Pair Corr
0.86	GWPEX	American Funds Growth	Pair Corr
0.9	FAXTX	American Funds 2065	Pair Corr
0.91	FBAFX	American Funds American	Pair Corr
0.72	FSUUX	American Funds Government	Pair Corr
0.9	FBETX	American Funds 2030	Pair Corr
0.85	CGFEX	Growth Fund	Pair Corr
0.85	CGFFX	Growth Fund	Pair Corr
0.84	CGFCX	Growth Fund	Pair Corr
0.84	CGFAX	Growth Fund	Pair Corr
0.9	CGNAX	American Funds Growth	Pair Corr
1.0	FTAHX	American Funds American	Pair Corr
0.91	FBONX	American Funds American	Pair Corr
0.89	CGRGX	American Funds Growth	Pair Corr
0.69	CGTFX	Us Government Securities	Pair Corr

Related Correlations Analysis

	ARTLX	ARTZX	HGXAX	HGXYX	EFR	QGIAX	WASMX	PRJPX	STITX	CPZ
ARTLX		0.7	0.43	0.52	0.56	0.9	0.92	0.96	0.52	0.31	ARTLX
ARTZX	0.7		0.77	0.8	0.87	0.75	0.76	0.76	0.61	0.61	ARTZX
HGXAX	0.43	0.77		0.93	0.8	0.49	0.5	0.48	0.78	0.63	HGXAX
HGXYX	0.52	0.8	0.93		0.81	0.57	0.63	0.55	0.85	0.68	HGXYX
EFR	0.56	0.87	0.8	0.81		0.58	0.66	0.61	0.64	0.59	EFR
QGIAX	0.9	0.75	0.49	0.57	0.58		0.88	0.93	0.55	0.46	QGIAX
WASMX	0.92	0.76	0.5	0.63	0.66	0.88		0.93	0.6	0.45	WASMX
PRJPX	0.96	0.76	0.48	0.55	0.61	0.93	0.93		0.51	0.41	PRJPX
STITX	0.52	0.61	0.78	0.85	0.64	0.55	0.6	0.51		0.52	STITX
CPZ	0.31	0.61	0.63	0.68	0.59	0.46	0.45	0.41	0.52		CPZ
	ARTLX	ARTZX	HGXAX	HGXYX	EFR	QGIAX	WASMX	PRJPX	STITX	CPZ

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between AMERICAN Mutual Fund performing well and American High 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 High'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
ARTLX	0.84	0.21	0.31	0.23	0.30	(1.12)	1.45	(1.27)	17.22
ARTZX	0.66	0.18	0.23	0.38	0.33	(0.84)	1.53	(1.05)	2.96
HGXAX	0.64	0.01	(0.05)	0.13	0.87	(0.61)	1.33	(1.47)	3.13
HGXYX	0.63	(0.05)	(0.06)	0.01	0.86	(0.61)	1.28	(1.49)	3.11
EFR	0.28	0.00	(0.13)	0.08	0.28	(0.33)	0.55	(0.54)	1.34
QGIAX	1.09	0.51	0.61	1.76	0.00	(1.42)	1.27	(1.27)	31.79
WASMX	0.62	0.00	(0.01)	0.07	0.69	(0.68)	1.80	(1.25)	4.59
PRJPX	0.94	0.31	0.25	0.75	0.65	(1.19)	1.73	(1.86)	15.28
STITX	0.53	(0.07)	0.00	(0.03)	0.00	0.00	0.93	(0.93)	3.20
CPZ	0.43	(0.05)	0.00	(0.27)	0.00	0.00	0.75	(0.82)	2.77

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC

American High Correlations

American High Correlation With Market

Almost no diversification

Moving together with AMERICAN Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY