American Growth Correlations

AMRBX Fund

USD 4.63 0.08 1.76%

The current 90-days correlation between American Growth and Transamerica International Small is 0.66 (i.e., Poor diversification). The correlation of American Growth 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 Growth Correlation With Market

Good diversification

The correlation between American Growth Fund and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Growth 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 Growth 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 bureau of labor statistics.

Moving together with American Mutual Fund

1.0	AMRGX	American Growth	Pair Corr
1.0	AMRCX	American Growth	Pair Corr
0.66	AMRAX	American Growth	Pair Corr
0.66	FAFGX	American Funds	Pair Corr
0.66	FFAFX	American Funds	Pair Corr
0.67	GFACX	Growth Fund	Pair Corr
0.66	GFAFX	Growth Fund	Pair Corr
0.75	AGTHX	Growth Fund	Pair Corr
0.66	CGFFX	Growth Fund	Pair Corr
0.67	CGFCX	Growth Fund	Pair Corr
0.75	CGFAX	Growth Fund	Pair Corr
0.76	CGFEX	Growth Fund	Pair Corr
0.75	RGAEX	Growth Fund	Pair Corr
0.71	SMPIX	Semiconductor Ultrasector	Pair Corr
0.71	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against American Mutual Fund

0.81	PZINX	Pzena International Value	Pair Corr
0.78	RAMEX	Short Term Bond	Pair Corr
0.77	MBFAX	Total Return Bond	Pair Corr
0.76	LIBAX	Columbia Total Return	Pair Corr
0.73	LCRVX	Lord Abbett E	Pair Corr
0.72	FHMIX	Federated Hermes Con	Pair Corr
0.71	EGRAX	Eaton Vance Global	Pair Corr
0.69	PPFFX	American Funds Prese	Pair Corr
0.66	PWRCX	Power Income	Pair Corr
0.62	PFO	Flaherty Crumrine	Pair Corr
0.44	NEA	Nuveen Amt Free	Pair Corr
0.8	RYWBX	Weakening Dollar	Pair Corr
0.78	USGNX	Government Securities	Pair Corr

Related Correlations Analysis

	TISVX	DFUKX	ARTSX	CCMSX	MSSGX	OWSMX	QSERX
TISVX		0.73	-0.48	0.0	-0.39	0.11	-0.53	TISVX
DFUKX	0.73		-0.21	0.0	-0.09	0.22	-0.24	DFUKX
ARTSX	-0.48	-0.21		0.0	0.93	0.67	0.86	ARTSX
CCMSX	0.0	0.0	0.0		0.0	0.0	0.0	CCMSX
MSSGX	-0.39	-0.09	0.93	0.0		0.65	0.84	MSSGX
OWSMX	0.11	0.22	0.67	0.0	0.65		0.77	OWSMX
QSERX	-0.53	-0.24	0.86	0.0	0.84	0.77		QSERX
	TISVX	DFUKX	ARTSX	CCMSX	MSSGX	OWSMX	QSERX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSSGX	+ 0.93	ARTSX
QSERX	+ 0.86	ARTSX
QSERX	+ 0.84	MSSGX
QSERX	+ 0.77	OWSMX
DFUKX	+ 0.73	TISVX
OWSMX	+ 0.67	ARTSX

High negative correlations

QSERX	- 0.53	TISVX
ARTSX	- 0.48	TISVX
MSSGX	- 0.39	TISVX
QSERX	- 0.24	DFUKX
ARTSX	- 0.21	DFUKX
MSSGX	- 0.09	DFUKX

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Growth 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 Growth'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
TISVX	0.65	0.14	0.19	(4.79)	0.68	(0.69)	1.75	(1.07)	5.37
DFUKX	0.80	0.04	0.04	0.02	1.16	(0.75)	1.96	(1.50)	6.05
ARTSX	1.18	(0.09)	0.00	(0.12)	0.00	0.00	2.24	(3.17)	5.69
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSSGX	1.80	(0.12)	0.00	(0.11)	0.00	0.00	3.81	(3.91)	9.53
OWSMX	0.61	0.00	0.04	0.12	0.74	(0.68)	1.19	(1.33)	3.89
QSERX	0.98	(0.08)	0.00	0.75	0.00	0.00	1.89	(2.01)	5.43

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