American Funds Correlations

AACTX Fund

USD 13.75 0.02 0.15%

The current 90-days correlation between American Funds 2020 and Diversified Bond Fund is -0.06 (i.e., Good 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

Significant diversification

The correlation between American Funds 2020 and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2020 and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Funds 2020. 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 estimate.

Moving together with American Mutual Fund

0.94	VTWNX	Vanguard Target Reti	Pair Corr
0.85	FSNOX	Fidelity Freedom 2020	Pair Corr
0.88	PARBX	Trowe Price Retirement	Pair Corr
0.88	RRTBX	Trowe Price Retirement	Pair Corr
0.86	FFFDX	Fidelity Freedom 2020	Pair Corr
0.96	FATKX	Fidelity Freedom 2020	Pair Corr
0.87	CCCTX	American Funds 2020	Pair Corr
1.0	FAOTX	American Funds 2020	Pair Corr
0.72	PGLSX	Global Multi Strategy	Pair Corr
0.64	HTD	John Hancock Tax	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr

Moving against American Mutual Fund

0.67

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	ACBPX	XWDIX	PHTTX	HIIDX	CDBCX	DLTZX	LIGFX	MDVSX
ACBPX		0.67	0.49	0.88	1.0	0.96	0.53	0.32	ACBPX
XWDIX	0.67		0.58	0.58	0.7	0.5	0.5	0.3	XWDIX
PHTTX	0.49	0.58		0.63	0.47	0.39	0.98	0.89	PHTTX
HIIDX	0.88	0.58	0.63		0.86	0.86	0.66	0.47	HIIDX
CDBCX	1.0	0.7	0.47	0.86		0.94	0.49	0.28	CDBCX
DLTZX	0.96	0.5	0.39	0.86	0.94		0.46	0.3	DLTZX
LIGFX	0.53	0.5	0.98	0.66	0.49	0.46		0.93	LIGFX
MDVSX	0.32	0.3	0.89	0.47	0.28	0.3	0.93		MDVSX
	ACBPX	XWDIX	PHTTX	HIIDX	CDBCX	DLTZX	LIGFX	MDVSX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ACBPX	0.24	0.02	0.27	0.34	0.20	(0.30)	0.56	(0.44)	1.23
XWDIX	0.20	(0.02)	0.00	(0.34)	0.00	0.00	0.33	(0.46)	1.59
PHTTX	0.35	0.00	0.00	(0.07)	0.00	0.00	0.67	(0.67)	1.95
HIIDX	0.63	0.08	0.12	0.08	0.82	(0.65)	1.27	(0.97)	5.23
CDBCX	0.23	0.01	0.24	0.27	0.22	(0.30)	0.56	(0.44)	1.34
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64
LIGFX	0.32	0.01	0.00	(0.03)	0.00	0.00	0.55	(0.67)	1.75
MDVSX	0.65	0.04	0.00	(0.02)	0.00	0.00	1.34	(1.43)	3.79

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