New Perspective Correlations

Mutual Funds . USA . 
Fund . New Perspective Fund
RPEBX Fund  USD 60.67  0.93  1.51%   
The current 90-days correlation between New Perspective and Ms Global Fixed is 0.13 (i.e., Average diversification). The correlation of New Perspective 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.

New Perspective Correlation With Market

NewDowDiversified AwayNewDowDiversified Away100%

Very weak diversification

The correlation between New Perspective Fund and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New Perspective 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 New Perspective 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 bureau of labor statistics.

Moving together with New Mutual Fund

  0.81AMFCX American MutualPairCorr
  0.8AMFFX American MutualPairCorr
  0.85RNGBX New Economy FundPairCorr
  1.0RNPGX New PerspectivePairCorr
  0.86ANFFX New Economy FundPairCorr
  1.0NPFFX New PerspectivePairCorr
  0.94FAITX American Funds 2050PairCorr
  0.75GWPEX American Funds GrowthPairCorr
  0.83CGFFX Growth FundPairCorr
  0.75CGRGX American Funds GrowthPairCorr
  0.87GGPCX American Funds GlobalPairCorr
  0.94FCJTX American Funds 2055PairCorr
  0.69RRQPX American Funds RetirementPairCorr
  0.94FCKTX American Funds 2060PairCorr
  0.92RAFTX American Funds 2035PairCorr
  0.82RAFGX Amcap Fund ClassPairCorr
  0.88RAHTX American Funds 2045PairCorr
  0.93RAMHX American BalancedPairCorr
  0.75RSLBX Smallcap WorldPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between New Mutual Fund performing well and New Perspective 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 New Perspective'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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY