American Funds Correlations

AIVFX Fund

USD 17.84 0.02 0.11%

The current 90-days correlation between American Funds Inter and Doubleline Emerging Markets 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

Very weak diversification

The correlation between American Funds International and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds International 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 International. 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

0.9	FPPPX	American Funds Prese	Pair Corr
0.84	FPTPX	American Funds Conse	Pair Corr
0.88	AMUSX	Us Government Securities	Pair Corr
0.88	CGTCX	Us Government Securities	Pair Corr
0.88	CGTAX	Us Government Securities	Pair Corr
0.91	RRPPX	American Funds Retirement	Pair Corr
0.89	RAMFX	Short Term Bond	Pair Corr
0.91	RCEBX	Capital World Bond	Pair Corr
0.85	RERAX	Europacific Growth	Pair Corr
0.87	RERGX	Europacific Growth	Pair Corr
0.87	RERFX	Europacific Growth	Pair Corr
0.86	RERHX	Europacific Growth	Pair Corr
0.86	RERCX	Europacific Growth	Pair Corr
0.85	RERBX	Europacific Growth	Pair Corr
0.86	REREX	Europacific Growth	Pair Corr
0.86	AEGFX	Europacific Growth	Pair Corr
0.86	AEPGX	Europacific Growth	Pair Corr
0.88	USGFX	Us Government Securities	Pair Corr
0.89	FIFBX	American Funds Inter	Pair Corr
0.93	CNLEX	American Funds Inflation	Pair Corr
0.88	RGVAX	Us Government Securities	Pair Corr
0.88	RGVCX	Us Government Securities	Pair Corr
0.88	RGVBX	Us Government Securities	Pair Corr
0.88	RGVJX	Us Government Securities	Pair Corr
0.7	AGVHX	American Funds Global	Pair Corr
0.93	FLIBX	American Funds Inflation	Pair Corr
0.99	IGICX	International Growth And	Pair Corr
0.87	LTXFX	Limited Term Tax	Pair Corr
0.88	UGSFX	Us Government Securities	Pair Corr
0.88	CBOEX	Intermediate Bond	Pair Corr
0.87	AEPFX	Europacific Growth	Pair Corr
0.86	CEUAX	Europacific Growth	Pair Corr
0.85	CEUCX	Europacific Growth	Pair Corr

Moving against American Mutual Fund

0.4	CSPFX	Smallcap World	Pair Corr
0.93	PQTAX	Pimco Trends Managed	Pair Corr
0.92	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	DBELX	BXECX	IGIEX	FEMDX	PWEAX	ZEMIX	XEMDX
DBELX		0.92	0.87	0.84	0.92	0.93	0.46	DBELX
BXECX	0.92		0.91	0.93	0.79	0.84	0.5	BXECX
IGIEX	0.87	0.91		0.93	0.79	0.84	0.69	IGIEX
FEMDX	0.84	0.93	0.93		0.77	0.85	0.61	FEMDX
PWEAX	0.92	0.79	0.79	0.77		0.97	0.48	PWEAX
ZEMIX	0.93	0.84	0.84	0.85	0.97		0.53	ZEMIX
XEMDX	0.46	0.5	0.69	0.61	0.48	0.53		XEMDX
	DBELX	BXECX	IGIEX	FEMDX	PWEAX	ZEMIX	XEMDX

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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
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
BXECX	0.19	0.04	0.36	0.67	0.00	(0.32)	0.55	(0.27)	1.21
IGIEX	0.25	0.01	0.16	0.02	0.30	(0.32)	0.72	(0.49)	1.58
FEMDX	0.15	0.02	0.42	0.29	0.00	(0.20)	0.42	(0.26)	1.11
PWEAX	0.72	0.06	0.11	0.09	0.85	(0.84)	1.55	(1.59)	5.83
ZEMIX	0.75	0.08	0.11	0.13	0.92	(0.83)	1.70	(1.67)	5.50
XEMDX	0.22	(0.02)	0.00	(0.45)	0.00	0.00	0.47	(0.47)	1.41

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