American Funds Correlations

Mutual Funds USA . 
Fund . American Funds 2055
CCJTX Fund  USD 26.16  0.10  0.38%   
The current 90-days correlation between American Funds 2055 and Rbc Emerging Markets is 0.66 (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 2055 and DJI is 0.43 (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 2055 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 2055. 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

  0.76AMECX Income FundPairCorr
  0.9RNEBX New World FundPairCorr
  0.78AMFCX American MutualPairCorr
  0.79AMFFX American MutualPairCorr
  0.89RNCCX American Funds IncomePairCorr
  0.75AMEFX Income FundPairCorr
  0.81RNGGX New Economy FundPairCorr
  0.81RNGFX New Economy FundPairCorr
  0.81RNGHX New Economy FundPairCorr
  0.77RNGBX New Economy FundPairCorr
  0.77RNGAX New Economy FundPairCorr
  0.81RNGEX New Economy FundPairCorr
  0.8RNGCX New Economy FundPairCorr
  0.69AMHIX American High IncomePairCorr
  0.68TEBCX Tax Exempt BondPairCorr
  0.65TECCX Tax Exempt FundPairCorr
  0.68TEAFX Tax Exempt BondPairCorr
  0.88FPTPX American Funds ConsePairCorr
  0.65TECFX Tax Exempt FundPairCorr
  0.65TEFEX Tax Exempt FundPairCorr
  0.8RNNEX New Economy FundPairCorr
  0.96CDJAX American Funds CollegePairCorr
  0.8AMPCX Amcap Fund ClassPairCorr
  0.85AMPFX Amcap Fund ClassPairCorr
  0.93RNPBX New PerspectivePairCorr
  0.93RNPAX New PerspectivePairCorr
  0.94RNPHX New PerspectivePairCorr
  0.94RNPGX New PerspectivePairCorr
  0.94RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.79AMRMX American MutualPairCorr
  0.79AMRFX American MutualPairCorr
  0.67RNRPX American Funds RetirementPairCorr
  0.64AMUSX Us Government SecuritiesPairCorr
  0.68TEPCX American Funds TaxPairCorr
  0.63TEPAX American Funds TaxPairCorr
  0.62TEPFX American Funds TaxPairCorr
  0.9RNWFX New World FundPairCorr
  0.9RNWEX 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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