American Funds Correlations

CCDTX Fund

USD 15.11 0.03 0.20%

The current 90-days correlation between American Funds 2025 and Saat Moderate Strategy is 0.77 (i.e., Poor 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

Very weak diversification

The correlation between American Funds 2025 and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2025 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 2025. 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

0.67	AMECX	Income Fund	Pair Corr
0.83	RNEBX	New World Fund	Pair Corr
0.77	AMFCX	American Mutual	Pair Corr
0.77	AMFFX	American Mutual	Pair Corr
0.86	RNCCX	American Funds Income	Pair Corr
0.64	AMEFX	Income Fund	Pair Corr
0.85	FPTPX	American Funds Conse	Pair Corr
0.68	CDJAX	American Funds College	Pair Corr
0.75	RNPBX	New Perspective	Pair Corr
0.75	RNPAX	New Perspective	Pair Corr
0.76	RNPHX	New Perspective	Pair Corr
0.76	RNPGX	New Perspective	Pair Corr
0.76	RNPFX	New Perspective	Pair Corr
0.76	RNPEX	New Perspective	Pair Corr
0.77	AMRMX	American Mutual	Pair Corr
0.67	RNRPX	American Funds Retirement	Pair Corr
0.83	RNWEX	New World Fund	Pair Corr
0.83	RNWGX	New World Fund	Pair Corr
0.84	RNWBX	New World Fund	Pair Corr
0.84	RNWAX	New World Fund	Pair Corr
0.83	RNWCX	New World Fund	Pair Corr
0.76	NPFFX	New Perspective	Pair Corr

Related Correlations Analysis

	SMSDX	TBLDX	PGFCX	JTMIX	EXBAX	MRMTX	MURFX	FHRVX
SMSDX		0.78	0.93	0.82	0.82	0.82	0.52	0.97	SMSDX
TBLDX	0.78		0.93	0.99	0.98	0.94	0.73	0.88	TBLDX
PGFCX	0.93	0.93		0.95	0.94	0.95	0.71	0.97	PGFCX
JTMIX	0.82	0.99	0.95		0.98	0.95	0.73	0.91	JTMIX
EXBAX	0.82	0.98	0.94	0.98		0.94	0.71	0.9	EXBAX
MRMTX	0.82	0.94	0.95	0.95	0.94		0.86	0.91	MRMTX
MURFX	0.52	0.73	0.71	0.73	0.71	0.86		0.64	MURFX
FHRVX	0.97	0.88	0.97	0.91	0.9	0.91	0.64		FHRVX
	SMSDX	TBLDX	PGFCX	JTMIX	EXBAX	MRMTX	MURFX	FHRVX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMSDX	0.22	0.03	0.21	0.05	0.26	(0.27)	0.43	(0.51)	1.30
TBLDX	0.37	0.01	0.00	(0.05)	0.00	0.00	0.70	(0.80)	2.12
PGFCX	0.29	0.01	0.13	(0.03)	0.39	(0.35)	0.67	(0.48)	1.75
JTMIX	0.31	0.01	0.00	(0.04)	0.00	0.00	0.65	(0.65)	1.88
EXBAX	0.34	0.00	0.00	(0.05)	0.00	0.00	0.70	(0.69)	1.99
MRMTX	0.33	(0.01)	0.00	(0.10)	0.00	0.00	0.68	(0.68)	2.47
MURFX	0.32	(0.04)	0.00	(0.24)	0.00	0.00	0.58	(0.57)	2.93
FHRVX	0.29	0.02	0.16	0.00	0.38	(0.30)	0.56	(0.61)	1.71

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American Funds Correlations

American Funds Correlation With Market

Very weak diversification

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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