American Funds Correlations

Mutual Funds USA . 
Fund . American Funds Balanced
BLPFX Fund  USD 18.46  0.11  0.60%   
The current 90-days correlation between American Funds Balanced and American Funds Growth is 0.98 (i.e., Almost no diversification). The correlation of American Funds 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 Funds Correlation With Market

Poor diversification

The correlation between American Funds Balanced and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Balanced 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 Funds Balanced. 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

  0.7AMECX Income FundPairCorr
  0.77RNEBX New World FundPairCorr
  0.92AMFCX American MutualPairCorr
  0.84AMFFX American MutualPairCorr
  0.83RNCCX American Funds IncomePairCorr
  0.64AMEFX Income FundPairCorr
  0.7RNGHX New Economy FundPairCorr
  0.69RNGBX New Economy FundPairCorr
  0.7RNGEX New Economy FundPairCorr
  0.82FPTPX American Funds ConsePairCorr
  0.89CDJAX American Funds CollegePairCorr
  0.66AMPFX Amcap Fund ClassPairCorr
  0.88RNPBX New PerspectivePairCorr
  0.88RNPAX New PerspectivePairCorr
  0.89RNPHX New PerspectivePairCorr
  0.9RNPGX New PerspectivePairCorr
  0.9RNPFX New PerspectivePairCorr
  0.89RNPEX New PerspectivePairCorr
  0.91AMRMX American MutualPairCorr
  0.72RNRPX American Funds RetirementPairCorr
  0.77RNWEX New World FundPairCorr
  0.77RNWGX New World FundPairCorr
  0.77RNWBX New World FundPairCorr
  0.77RNWAX New World FundPairCorr
  0.77RNWCX New World FundPairCorr
  0.74ANCFX American Funds FundaPairCorr
  0.68ANFCX New Economy FundPairCorr
  0.7ANEFX New Economy FundPairCorr
  0.7ANFFX New Economy FundPairCorr
  0.89NPFFX New PerspectivePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Funds 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 Funds' 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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