American Funds Correlations

AALTX Fund

USD 20.81 0.03 0.14%

The current 90-days correlation between American Funds 2050 and Enhanced Fixed Income is 0.66 (i.e., Poor 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

Poor diversification

The correlation between American Funds 2050 and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2050 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 2050. 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

0.61	RNEBX	New World Fund	Pair Corr
0.77	AMFCX	American Mutual	Pair Corr
0.76	AMFFX	American Mutual	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
0.87	RNGBX	New Economy Fund	Pair Corr
0.87	RNGAX	New Economy Fund	Pair Corr
0.89	RNGEX	New Economy Fund	Pair Corr
0.88	RNGCX	New Economy Fund	Pair Corr
0.88	RNNEX	New Economy Fund	Pair Corr
0.98	CDJAX	American Funds College	Pair Corr
0.88	AMPCX	Amcap Fund Class	Pair Corr
0.89	AMPFX	Amcap Fund Class	Pair Corr
0.94	RNPBX	New Perspective	Pair Corr
0.94	RNPAX	New Perspective	Pair Corr
0.94	RNPHX	New Perspective	Pair Corr
0.94	RNPGX	New Perspective	Pair Corr
0.94	RNPCX	New Perspective	Pair Corr
0.94	RNPFX	New Perspective	Pair Corr
0.94	RNPEX	New Perspective	Pair Corr
0.76	AMRMX	American Mutual	Pair Corr
0.76	AMRFX	American Mutual	Pair Corr

Moving against American Mutual Fund

0.31

FPPPX

American Funds Prese

Pair Corr

Related Correlations Analysis

	AAEZX	CIESX	DHGCX	QLENX	ARTNX	DDCFX	PEIRX
AAEZX		0.93	0.86	0.92	0.88	0.88	0.47	AAEZX
CIESX	0.93		0.76	0.93	0.92	0.8	0.55	CIESX
DHGCX	0.86	0.76		0.72	0.66	0.86	0.57	DHGCX
QLENX	0.92	0.93	0.72		0.86	0.84	0.41	QLENX
ARTNX	0.88	0.92	0.66	0.86		0.62	0.44	ARTNX
DDCFX	0.88	0.8	0.86	0.84	0.62		0.51	DDCFX
PEIRX	0.47	0.55	0.57	0.41	0.44	0.51		PEIRX
	AAEZX	CIESX	DHGCX	QLENX	ARTNX	DDCFX	PEIRX

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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
AAEZX	0.24	0.02	0.20	0.04	0.28	(0.28)	0.59	(0.39)	1.40
CIESX	0.68	0.07	0.10	0.07	0.95	(0.71)	1.58	(1.20)	5.26
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
QLENX	0.44	0.14	0.30	0.29	0.41	(0.48)	0.81	(0.65)	3.11
ARTNX	0.64	0.08	0.11	0.04	0.84	(0.68)	1.23	(1.48)	3.96
DDCFX	0.21	0.02	0.34	0.62	0.11	(0.27)	0.54	(0.33)	1.22
PEIRX	0.82	(0.05)	0.00	(0.18)	0.00	0.00	1.57	(1.66)	9.14

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