American Mutual Correlations

RMFGX Fund

USD 60.29 0.28 0.47%

The current 90-days correlation between American Mutual and Income Fund Of is 0.89 (i.e., Very poor diversification). The correlation of American Mutual 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 Mutual Correlation With Market

Almost no diversification

The correlation between American Mutual Fund 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 Mutual Fund 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 Mutual Fund. 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 price.

Moving together with American Mutual Fund

0.98	AMECX	Income Fund	Pair Corr
1.0	AMFCX	American Mutual	Pair Corr
1.0	AMFFX	American Mutual	Pair Corr
0.84	RNCCX	American Funds Income	Pair Corr
0.87	FPTPX	American Funds Conse	Pair Corr
0.92	RNPGX	New Perspective	Pair Corr
0.94	ANCFX	American Funds Funda	Pair Corr
0.97	BALFX	American Balanced	Pair Corr
0.97	BALCX	American Balanced	Pair Corr
0.89	CWGIX	Capital World Growth	Pair Corr
0.89	CWGFX	Capital World Growth	Pair Corr
0.88	CWGCX	Capital World Growth	Pair Corr
0.89	CWIFX	Capital World Growth	Pair Corr
0.67	FAATX	American Funds 2010	Pair Corr
0.9	FAFGX	American Funds	Pair Corr
0.94	CFNAX	American Funds Funda	Pair Corr
0.95	GWPAX	American Funds Growth	Pair Corr
0.95	GWPCX	American Funds Growth	Pair Corr
0.95	GWPFX	American Funds Growth	Pair Corr
0.9	GFACX	Growth Fund	Pair Corr
0.9	GFAFX	Growth Fund	Pair Corr
0.8	SCWCX	American Fds Smallcap	Pair Corr
0.97	FBAFX	American Funds American	Pair Corr
0.9	CGFEX	Growth Fund	Pair Corr
0.9	CGFFX	Growth Fund	Pair Corr
0.9	CGFCX	Growth Fund	Pair Corr
0.9	CGFAX	Growth Fund	Pair Corr
0.97	FBONX	American Funds American	Pair Corr
0.76	RRCTX	American Funds 2020	Pair Corr
0.78	RRPPX	American Funds Retirement	Pair Corr
0.61	RAATX	American Funds 2010	Pair Corr
0.94	RAFBX	Amcap Fund Class	Pair Corr

Moving against American Mutual Fund

0.52	AMUSX	Us Government Securities	Pair Corr
0.5	CWBFX	Capital World Bond	Pair Corr
0.53	CGTCX	Us Government Securities	Pair Corr
0.52	CGTAX	Us Government Securities	Pair Corr
0.51	CFAAX	Bond Fund	Pair Corr
0.51	RBFGX	Bond Fund	Pair Corr
0.51	BFAFX	Bond Fund	Pair Corr

Related Correlations Analysis

	AMECX	RNEBX	AMFCX	AMFFX	RNCCX	FPPPX	AMEFX	RNGGX	RNGFX	RNGHX
AMECX		0.65	0.98	0.98	0.9	-0.17	1.0	0.91	0.91	0.91	AMECX
RNEBX	0.65		0.57	0.56	0.8	0.27	0.65	0.48	0.48	0.48	RNEBX
AMFCX	0.98	0.57		1.0	0.86	-0.24	0.98	0.93	0.93	0.93	AMFCX
AMFFX	0.98	0.56	1.0		0.85	-0.25	0.98	0.93	0.93	0.93	AMFFX
RNCCX	0.9	0.8	0.86	0.85		0.25	0.89	0.71	0.71	0.71	RNCCX
FPPPX	-0.17	0.27	-0.24	-0.25	0.25		-0.17	-0.45	-0.45	-0.45	FPPPX
AMEFX	1.0	0.65	0.98	0.98	0.89	-0.17		0.91	0.91	0.91	AMEFX
RNGGX	0.91	0.48	0.93	0.93	0.71	-0.45	0.91		1.0	1.0	RNGGX
RNGFX	0.91	0.48	0.93	0.93	0.71	-0.45	0.91	1.0		1.0	RNGFX
RNGHX	0.91	0.48	0.93	0.93	0.71	-0.45	0.91	1.0	1.0		RNGHX
	AMECX	RNEBX	AMFCX	AMFFX	RNCCX	FPPPX	AMEFX	RNGGX	RNGFX	RNGHX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMEFX	+ 1.0	AMECX
AMFFX	+ 1.0	AMFCX
RNGFX	+ 1.0	RNGGX
RNGHX	+ 1.0	RNGGX
RNGHX	+ 1.0	RNGFX
AMFCX	+ 0.98	AMECX

High negative correlations

RNGHX	- 0.45	FPPPX
RNGFX	- 0.45	FPPPX
RNGGX	- 0.45	FPPPX
FPPPX	- 0.25	AMFFX
FPPPX	- 0.24	AMFCX
AMEFX	- 0.17	FPPPX

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Mutual 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 Mutual'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
AMECX	0.32	(0.01)	(0.18)	0.10	0.30	(0.36)	0.70	(0.72)	2.01
RNEBX	0.56	(0.07)	0.00	(0.04)	0.00	0.00	1.27	(1.32)	3.78
AMFCX	0.46	(0.02)	(0.12)	0.09	0.42	(0.51)	0.90	(0.88)	2.68
AMFFX	0.46	(0.02)	(0.11)	0.09	0.42	(0.51)	0.91	(0.86)	2.68
RNCCX	0.25	(0.02)	(0.31)	0.05	0.26	(0.28)	0.52	(0.52)	1.42
FPPPX	0.11	(0.01)	0.00	0.43	0.00	0.00	0.21	(0.21)	0.84
AMEFX	0.33	(0.01)	(0.18)	0.10	0.32	(0.37)	0.70	(0.73)	2.01
RNGGX	0.67	(0.04)	(0.04)	0.08	0.96	(0.68)	1.46	(1.96)	4.07
RNGFX	0.67	(0.04)	(0.04)	0.08	0.97	(0.69)	1.47	(1.97)	4.06
RNGHX	0.67	(0.04)	(0.04)	0.08	0.96	(0.68)	1.47	(1.97)	4.07

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