American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AFMFX Fund  USD 56.70  0.61  1.09%   
The current 90-days correlation between American Mutual and Intermediate Bond Fund is -0.21 (i.e., Very good diversification). The correlation of American Mutual 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 Mutual Correlation With Market

Significant diversification

The correlation between American Mutual Fund and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Mutual Fund 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 Mutual 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 census.

Moving together with American Mutual Fund

  0.83AMECX Income FundPairCorr
  0.71RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  0.94AMFFX American MutualPairCorr
  0.84RNCCX American Funds IncomePairCorr
  0.76AMEFX Income FundPairCorr
  0.64RNGGX New Economy FundPairCorr
  0.62RNGFX New Economy FundPairCorr
  0.62RNGHX New Economy FundPairCorr
  0.62RNGBX New Economy FundPairCorr
  0.63RNGAX New Economy FundPairCorr
  0.63RNGEX New Economy FundPairCorr
  0.63RNGCX New Economy FundPairCorr
  0.76FPTPX American Funds ConsePairCorr
  0.61RNNEX New Economy FundPairCorr
  0.84CDJAX American Funds CollegePairCorr
  0.86RNPBX New PerspectivePairCorr
  0.86RNPAX New PerspectivePairCorr
  0.87RNPHX New PerspectivePairCorr
  0.9RNPGX New PerspectivePairCorr
  0.89RNPCX New PerspectivePairCorr
  0.9RNPFX New PerspectivePairCorr
  0.9RNPEX New PerspectivePairCorr
  0.94AMRMX American MutualPairCorr
  1.0AMRFX American MutualPairCorr
  0.74RNRPX American Funds RetirementPairCorr
  0.7RNWFX 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 Mutual 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 Mutual'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.

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