American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2060
AANTX Fund  USD 18.20  0.05  0.27%   
The current 90-days correlation between American Funds 2060 and American Funds 2055 is 0.13 (i.e., Average 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

Weak diversification

The correlation between American Funds 2060 and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2060 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 2060. 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

  0.78AMECX Income FundPairCorr
  0.81RNEBX New World FundPairCorr
  0.68AMFCX American MutualPairCorr
  0.69AMFFX American MutualPairCorr
  0.89RNCCX American Funds IncomePairCorr
  0.79AMEFX Income FundPairCorr
  0.8RNGGX New Economy FundPairCorr
  0.79RNGFX New Economy FundPairCorr
  0.79RNGHX New Economy FundPairCorr
  0.8RNGBX New Economy FundPairCorr
  0.77RNGAX New Economy FundPairCorr
  0.79RNGEX New Economy FundPairCorr
  0.78RNGCX New Economy FundPairCorr
  0.67AMHIX American High IncomePairCorr
  0.65TEBCX Tax Exempt BondPairCorr
  0.62TECCX Tax Exempt FundPairCorr
  0.66TEAFX Tax Exempt BondPairCorr
  0.84FPTPX American Funds ConsePairCorr
  0.62TECFX Tax Exempt FundPairCorr
  0.62TEFEX Tax Exempt FundPairCorr
  0.82RNNEX New Economy FundPairCorr
  0.88CDJAX American Funds CollegePairCorr
  0.77AMPCX Amcap Fund ClassPairCorr
  0.86AMPFX Amcap Fund ClassPairCorr
  0.93RNPBX New PerspectivePairCorr
  0.92RNPAX New PerspectivePairCorr
  0.83RNPHX New PerspectivePairCorr
  0.83RNPGX New PerspectivePairCorr
  0.89RNPCX New PerspectivePairCorr
  0.83RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.85AMRMX American MutualPairCorr
  0.85AMRFX American MutualPairCorr
  0.7RNRPX American Funds RetirementPairCorr
  0.65AMUSX Us Government SecuritiesPairCorr
  0.69TEPCX American Funds TaxPairCorr
  0.66TEPAX American Funds TaxPairCorr
  0.64TEPFX American Funds TaxPairCorr
  0.9RNWFX New World FundPairCorr

Related Correlations Analysis

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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.

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