American Growth Correlations

Mutual Funds . USA . 
Fund . American Growth Fund
AMRCX Fund  USD 5.14  0.09  1.78%   
The current 90-days correlation between American Growth and T Rowe Price is -0.13 (i.e., Good 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 -0.02 (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 main economic indicators.

Moving together with American Mutual Fund

  1.0AMRGX American GrowthPairCorr
  1.0AMRBX American GrowthPairCorr
  0.66AMRAX American GrowthPairCorr
  0.68FAFGX American FundsPairCorr
  0.68FFAFX American FundsPairCorr
  0.69GFACX Growth FundPairCorr
  0.68GFAFX Growth FundPairCorr
  0.77AGTHX Growth FundPairCorr
  0.68CGFFX Growth FundPairCorr
  0.69CGFCX Growth FundPairCorr
  0.77CGFAX Growth FundPairCorr
  0.77CGFEX Growth FundPairCorr
  0.77RGAEX Growth FundPairCorr
  0.7SMPIX Semiconductor UltrasectorPairCorr
  0.7SMPSX Semiconductor UltrasectorPairCorr

Moving against American Mutual Fund

  0.79PZINX Pzena International ValuePairCorr
  0.77RAMEX Short Term BondPairCorr
  0.75LIBAX Columbia Total ReturnPairCorr
  0.75MBFAX Total Return BondPairCorr
  0.71LCRVX Lord Abbett EPairCorr
  0.7FHMIX Federated Hermes ConPairCorr
  0.69EGRAX Eaton Vance GlobalPairCorr
  0.67PPFFX American Funds PresePairCorr
  0.63PWRCX Power IncomePairCorr
  0.6PFO Flaherty CrumrinePairCorr
  0.42NEA Nuveen Amt FreePairCorr
  0.8RYWBX Weakening DollarPairCorr
  0.76USGNX Government SecuritiesPairCorr

Related Correlations Analysis

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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.

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