American Growth Correlations

AMRGX Fund  USD 7.03  0.12  1.74%   
The current 90-days correlation between American Growth and Needham Aggressive Growth is -0.15 (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 -0.03 (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 price.

Moving together with American Mutual Fund

  1.0AMRCX American GrowthPairCorr
  1.0AMRBX American GrowthPairCorr
  0.66AMRAX American GrowthPairCorr
  0.69FAFGX American FundsPairCorr
  0.68FFAFX American FundsPairCorr
  0.69GFACX Growth FundPairCorr
  0.69GFAFX Growth FundPairCorr
  0.78AGTHX Growth FundPairCorr
  0.69CGFFX Growth FundPairCorr
  0.69CGFCX Growth FundPairCorr
  0.78CGFAX Growth FundPairCorr
  0.78CGFEX Growth FundPairCorr
  0.78RGAEX Growth FundPairCorr
  0.7SMPIX Semiconductor UltrasectorPairCorr
  0.69SMPSX Semiconductor UltrasectorPairCorr

Moving against American Mutual Fund

  0.8PPFFX American Funds PresePairCorr
  0.77PZINX Pzena International ValuePairCorr
  0.76RAMEX Short Term BondPairCorr
  0.74LIBAX Columbia Total ReturnPairCorr
  0.74MBFAX Total Return BondPairCorr
  0.71LCRVX Lord Abbett EPairCorr
  0.7FHMIX Federated Hermes ConPairCorr
  0.67EGRAX Eaton Vance GlobalPairCorr
  0.62PWRCX Power IncomePairCorr
  0.59PFO Flaherty CrumrinePairCorr
  0.41NEA Nuveen Amt FreePairCorr
  0.79RYWBX Weakening DollarPairCorr
  0.76USGNX Government SecuritiesPairCorr

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   
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SRGAXLMLRX
GGRYXSRGAX
GCIGXPIGDX
GGRYXPIGDX
  
High negative correlations   
GCIGXNEAIX
PIGDXNEAIX
AUERXGCIGX
AUERXPIGDX

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.