American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Tax Exempt
TEPAX Fund  USD 9.63  0.01  0.10%   
The current 90-days correlation between American Funds Tax and Deutsche Health And is 0.27 (i.e., Modest diversification). The correlation of American Funds 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 Funds Correlation With Market

Average diversification

The correlation between American Funds Tax Exempt and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Tax Exempt and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in American Funds Tax Exempt. 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 American Mutual Fund

  0.67AMECX Income FundPairCorr
  0.74RNCCX American Funds IncomePairCorr
  0.75FPPPX American Funds PresePairCorr
  0.67AMEFX Income FundPairCorr
  0.8AMHIX American High IncomePairCorr
  0.74TEBCX Tax Exempt BondPairCorr
  0.71TECCX Tax Exempt FundPairCorr
  0.8TEAFX Tax Exempt BondPairCorr
  0.75FPTPX American Funds ConsePairCorr
  0.77TECFX Tax Exempt FundPairCorr
  0.79TEFEX Tax Exempt FundPairCorr
  0.77CDJAX American Funds CollegePairCorr
  0.64RNPBX New PerspectivePairCorr
  0.63RNPAX New PerspectivePairCorr
  0.67RNPHX New PerspectivePairCorr
  0.68RNPGX New PerspectivePairCorr
  0.66RNPCX New PerspectivePairCorr
  0.67RNPFX New PerspectivePairCorr
  0.66RNPEX New PerspectivePairCorr
  0.85RNRPX American Funds RetirementPairCorr
  0.79AMUSX Us Government SecuritiesPairCorr
  0.97TEPCX American Funds TaxPairCorr
  0.99TEPFX American Funds TaxPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Funds 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 Funds' 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