American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMFFX Fund  USD 57.47  0.03  0.05%   
The current 90-days correlation between American Mutual and Amcap Fund Class is 0.84 (i.e., Very poor 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

Poor diversification

The correlation between American Mutual Fund and DJI is 0.71 (i.e., 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 census.

Moving together with American Mutual Fund

  0.93AMECX Income FundPairCorr
  0.8RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.93AMEFX Income FundPairCorr
  0.68RNGCX New Economy FundPairCorr
  0.78AMHIX American High IncomePairCorr
  0.75TEBCX Tax Exempt BondPairCorr
  0.82TECCX Tax Exempt FundPairCorr
  0.85TEAFX Tax Exempt BondPairCorr
  0.84FPTPX American Funds ConsePairCorr
  0.83TECFX Tax Exempt FundPairCorr
  0.83TEFEX Tax Exempt FundPairCorr
  0.73CDJAX American Funds CollegePairCorr
  0.66AMPFX Amcap Fund ClassPairCorr
  0.74RNPAX New PerspectivePairCorr
  0.65RNPHX New PerspectivePairCorr
  0.75RNPGX New PerspectivePairCorr
  0.75RNPEX New PerspectivePairCorr
  0.89AMRMX American MutualPairCorr
  0.95AMRFX American MutualPairCorr
  0.75RNRPX American Funds RetirementPairCorr
  0.85AMUSX Us Government SecuritiesPairCorr
  0.83TEPCX American Funds TaxPairCorr
  0.72RNWFX New World FundPairCorr
  0.72RNWHX New World FundPairCorr
  0.72RNWGX New World FundPairCorr
  0.71RNWBX New World FundPairCorr
  0.8RNWAX New World FundPairCorr
  0.71RNWCX New World FundPairCorr
  0.68CDWEX American Funds DevelopingPairCorr
  0.68CDWFX American Funds DevelopingPairCorr
  0.69CDWAX American Funds DevelopingPairCorr
  0.86ANBEX American Funds StrategicPairCorr

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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