Income Fund Correlations

Mutual Funds . USA . 
Fund . Income Fund Of
AMECX Fund  USD 25.73  0.07  0.27%   
The current 90-days correlation between Income Fund and Capital Income Builder is 0.41 (i.e., Very weak diversification). The correlation of Income Fund 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.

Income Fund Correlation With Market

Average diversification

The correlation between Income Fund Of and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Of 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 Income Fund Of. 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 main economic indicators.

Moving together with Income Mutual Fund

  0.87RNEBX New World FundPairCorr
  0.91AMFCX American MutualPairCorr
  0.93AMFFX American MutualPairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.96AMEFX Income FundPairCorr
  0.81RNGGX New Economy FundPairCorr
  0.81RNGHX New Economy FundPairCorr
  0.78RNGAX New Economy FundPairCorr
  0.8RNGCX New Economy FundPairCorr
  0.81AMHIX American High IncomePairCorr
  0.79TEBCX Tax Exempt BondPairCorr
  0.7TECCX Tax Exempt FundPairCorr
  0.8TEAFX Tax Exempt BondPairCorr
  0.91FPTPX American Funds ConsePairCorr
  0.71TECFX Tax Exempt FundPairCorr
  0.72TEFEX Tax Exempt FundPairCorr
  0.79RNNEX New Economy FundPairCorr
  0.81CDJAX American Funds CollegePairCorr
  0.78AMPCX Amcap Fund ClassPairCorr
  0.8AMPFX Amcap Fund ClassPairCorr
  0.85RNPAX New PerspectivePairCorr
  0.86RNPHX New PerspectivePairCorr
  0.86RNPGX New PerspectivePairCorr
  0.86RNPEX New PerspectivePairCorr
  0.92AMRMX American MutualPairCorr
  0.92AMRFX American MutualPairCorr
  0.79RNRPX American Funds RetirementPairCorr
  0.76AMUSX Us Government SecuritiesPairCorr
  0.82TEPCX American Funds TaxPairCorr
  0.88RNWFX New World FundPairCorr
  0.88RNWHX New World FundPairCorr
  0.88RNWGX New World FundPairCorr
  0.87RNWBX New World FundPairCorr
  0.87RNWAX New World FundPairCorr
  0.87RNWCX New World FundPairCorr
  0.73CDWEX American Funds DevelopingPairCorr
  0.73CDWFX American Funds DevelopingPairCorr
  0.75CDWCX American Funds DevelopingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income Fund 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 Income Fund'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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