Amcap Fund Correlations

AMPFX Fund

USD 40.46 0.06 0.15%

The current 90-days correlation between Amcap Fund Class and Europacific Growth Fund is -0.22 (i.e., Very good diversification). The correlation of Amcap 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.

Amcap Fund Correlation With Market

Good diversification

The correlation between Amcap Fund Class and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amcap Fund Class 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 Amcap Fund Class. 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 Amcap Mutual Fund

1.0	FAFGX	American Funds	Pair Corr
1.0	FFAFX	American Funds	Pair Corr
1.0	GFACX	Growth Fund	Pair Corr
1.0	GFAFX	Growth Fund	Pair Corr
1.0	AGTHX	Growth Fund	Pair Corr
1.0	CGFFX	Growth Fund	Pair Corr
1.0	CGFCX	Growth Fund	Pair Corr
1.0	CGFAX	Growth Fund	Pair Corr
1.0	CGFEX	Growth Fund	Pair Corr
1.0	RGAEX	Growth Fund	Pair Corr
0.81	VTSAX	Vanguard Total Stock	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.81	VTSMX	Vanguard Total Stock	Pair Corr
0.81	VSMPX	Vanguard Total Stock	Pair Corr
0.81	VSTSX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.81	VFINX	Vanguard 500 Index	Pair Corr
0.81	VFFSX	Vanguard 500 Index	Pair Corr
0.69	WMT	Walmart	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.87	AXP	American Express	Pair Corr
0.82	BAC	Bank of America	Pair Corr

Moving against Amcap Mutual Fund

0.56	VZ	Verizon Communications	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.36	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	AEGFX	CWGFX	WSHFX	AMFFX	AFIFX
AEGFX		0.59	0.42	0.76	0.05	AEGFX
CWGFX	0.59		0.96	0.76	0.79	CWGFX
WSHFX	0.42	0.96		0.73	0.89	WSHFX
AMFFX	0.76	0.76	0.73		0.47	AMFFX
AFIFX	0.05	0.79	0.89	0.47		AFIFX
	AEGFX	CWGFX	WSHFX	AMFFX	AFIFX

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Risk-Adjusted Indicators

There is a big difference between Amcap Mutual Fund performing well and Amcap 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 Amcap 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AEGFX	0.76	0.01	0.00	(0.04)	0.00	0.00	1.27	(1.73)	6.21
CWGFX	0.67	0.00	0.07	0.16	0.92	(0.67)	1.15	(1.54)	4.66
WSHFX	0.63	(0.01)	0.00	(3.71)	0.00	0.00	1.20	(1.36)	3.28
AMFFX	0.63	(0.02)	0.00	(0.10)	0.00	0.00	1.09	(1.46)	4.69
AFIFX	0.82	(0.05)	0.00	1.32	0.00	0.00	1.37	(1.95)	4.44

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