American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMRFX Fund  USD 56.71  0.61  1.09%   
The current 90-days correlation between American Mutual and Health Care Ultrasector is 0.53 (i.e., Very weak 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 0.8 (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 census.

Moving together with American Mutual Fund

  0.82AMECX Income FundPairCorr
  0.72RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  0.84RNCCX American Funds IncomePairCorr
  0.77AMEFX Income FundPairCorr
  0.66RNGGX New Economy FundPairCorr
  0.66RNGFX New Economy FundPairCorr
  0.65RNGHX New Economy FundPairCorr
  0.64RNGBX New Economy FundPairCorr
  0.64RNGAX New Economy FundPairCorr
  0.65RNGEX New Economy FundPairCorr
  0.65RNGCX New Economy FundPairCorr
  0.61TEBCX Tax Exempt BondPairCorr
  0.83FPTPX American Funds ConsePairCorr
  0.65RNNEX New Economy FundPairCorr
  0.78CDJAX American Funds CollegePairCorr
  0.78RNPBX New PerspectivePairCorr
  0.77RNPAX New PerspectivePairCorr
  0.8RNPHX New PerspectivePairCorr
  0.8RNPGX New PerspectivePairCorr
  0.79RNPCX New PerspectivePairCorr
  0.8RNPFX New PerspectivePairCorr
  0.79RNPEX New PerspectivePairCorr
  1.0AMRMX American MutualPairCorr
  0.79RNRPX American Funds RetirementPairCorr
  0.72RNWFX New World FundPairCorr

Related Correlations Analysis

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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   
SCHLX
+ 1.0
SUHIX
SUHIX
+ 0.99
LYFAX
SCHLX
+ 0.99
LYFAX
SUHIX
+ 0.97
HCPIX
SCHLX
+ 0.97
HCPIX
LYFAX
+ 0.96
HCPIX
  
High negative correlations   
PJHRX
- 0.22
HCPIX
BGHDX
- 0.15
HCPIX
SCHLX
- 0.11
BGHDX
SUHIX
- 0.11
BGHDX
LYFAX
- 0.08
BGHDX
SCHLX
- 0.07
PJHRX

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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