American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMFCX Fund  USD 55.69  0.59  1.07%   
The current 90-days correlation between American Mutual and Pgim Esg High is 0.12 (i.e., Average 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

Very poor diversification

The correlation between American Mutual Fund and DJI is 0.81 (i.e., Very poor 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 main economic indicators.

Moving together with American Mutual Fund

  0.69AMECX Income FundPairCorr
  0.89AMFFX American MutualPairCorr
  0.84RNCCX American Funds IncomePairCorr
  0.61AMEFX Income FundPairCorr
  0.84FPTPX American Funds ConsePairCorr
  0.68CDJAX American Funds CollegePairCorr
  0.82RNPBX New PerspectivePairCorr
  0.82RNPAX New PerspectivePairCorr
  0.83RNPHX New PerspectivePairCorr
  0.75RNPGX New PerspectivePairCorr
  0.74RNPCX New PerspectivePairCorr
  0.74RNPFX New PerspectivePairCorr
  0.74RNPEX New PerspectivePairCorr
  0.92AMRMX American MutualPairCorr
  0.85AMRFX American MutualPairCorr
  0.69RNRPX American Funds RetirementPairCorr

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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