American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2015
CCBTX Fund  USD 12.09  0.04  0.33%   
The current 90-days correlation between American Funds 2015 and Nasdaq 100 Profund Nasdaq 100 is -0.08 (i.e., Good 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

Average diversification

The correlation between American Funds 2015 and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2015 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 2015. 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 estimate.

Moving together with American Mutual Fund

  0.79AMECX Income FundPairCorr
  0.73RNEBX New World FundPairCorr
  0.82AMFCX American MutualPairCorr
  0.82AMFFX American MutualPairCorr
  0.94RNCCX American Funds IncomePairCorr
  0.79AMEFX Income FundPairCorr
  0.75RNGGX New Economy FundPairCorr
  0.76RNGFX New Economy FundPairCorr
  0.77RNGHX New Economy FundPairCorr
  0.78RNGBX New Economy FundPairCorr
  0.78RNGAX New Economy FundPairCorr
  0.77RNGEX New Economy FundPairCorr
  0.77RNGCX New Economy FundPairCorr
  0.62AMHIX American High IncomePairCorr
  0.86FPTPX American Funds ConsePairCorr
  0.77RNNEX New Economy FundPairCorr
  0.72CDJAX American Funds CollegePairCorr
  0.72AMPCX Amcap Fund ClassPairCorr
  0.67AMPFX Amcap Fund ClassPairCorr
  0.8RNPBX New PerspectivePairCorr
  0.81RNPAX New PerspectivePairCorr
  0.81RNPHX New PerspectivePairCorr
  0.81RNPGX New PerspectivePairCorr
  0.8RNPCX New PerspectivePairCorr
  0.81RNPFX New PerspectivePairCorr
  0.8RNPEX New PerspectivePairCorr
  0.81AMRMX American MutualPairCorr
  0.82AMRFX American MutualPairCorr
  0.9RNRPX American Funds RetirementPairCorr
  0.62AMUSX Us Government SecuritiesPairCorr
  0.71TEPCX American Funds TaxPairCorr
  0.74TEPAX American Funds TaxPairCorr
  0.73TEPFX American Funds TaxPairCorr
  0.77RNWFX New World FundPairCorr

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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