Capital Income Correlations

Mutual Funds . USA . 
Fund . Capital Income Builder
CFIHX Fund  USD 73.31  0.29  0.40%   
The current 90-days correlation between Capital Income Builder and Rbb Fund is 0.73 (i.e., Poor diversification). The correlation of Capital Income 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.

Capital Income Correlation With Market

Poor diversification

The correlation between Capital Income Builder and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Income Builder 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 Capital Income Builder. 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 rate.

Moving together with Capital Mutual Fund

  0.75AMECX Income FundPairCorr
  0.83RNEBX New World FundPairCorr
  0.67AMFCX American MutualPairCorr
  0.66AMFFX American MutualPairCorr
  0.91RNCCX American Funds IncomePairCorr
  0.9FPTPX American Funds ConsePairCorr
  0.78RNPBX New PerspectivePairCorr
  0.78RNPAX New PerspectivePairCorr
  0.76RNPGX New PerspectivePairCorr
  0.78RNPCX New PerspectivePairCorr
  0.77RNPFX New PerspectivePairCorr
  0.66AMRMX American MutualPairCorr
  0.65AMRFX American MutualPairCorr
  0.95RNRPX American Funds RetirementPairCorr
  0.83RNWGX New World FundPairCorr
  0.83RNWCX New World FundPairCorr
  0.78NPFCX New PerspectivePairCorr
  0.77NPFFX New PerspectivePairCorr
  0.71DITFX American Funds 2050PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Income 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 Capital Income'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.

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