Investment Correlations

Mutual Funds . USA . 
Fund . Investment Of America
CICEX Fund  USD 60.31  0.18  0.30%   
The current 90-days correlation between Investment Of America and Barings Emerging Markets is 0.29 (i.e., Modest diversification). The correlation of Investment 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.

Investment Correlation With Market

Very weak diversification

The correlation between Investment Of America and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investment Of America 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 Investment Of America. 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 income.

Moving together with Investment Mutual Fund

  0.83AMECX Income FundPairCorr
  0.94RNEBX New World FundPairCorr
  0.87AMFCX American MutualPairCorr
  0.87AMFFX American MutualPairCorr
  0.83RNCCX American Funds IncomePairCorr
  0.82AMEFX Income FundPairCorr
  0.89RNGGX New Economy FundPairCorr
  0.89RNGFX New Economy FundPairCorr
  0.89RNGHX New Economy FundPairCorr
  0.88RNGBX New Economy FundPairCorr
  0.87RNGAX New Economy FundPairCorr
  0.89RNGEX New Economy FundPairCorr
  0.89RNGCX New Economy FundPairCorr
  0.81AMHIX American High IncomePairCorr
  0.82TEBCX Tax Exempt BondPairCorr
  0.79TECCX Tax Exempt FundPairCorr
  0.81TEAFX Tax Exempt BondPairCorr
  0.82FPTPX American Funds ConsePairCorr
  0.79TECFX Tax Exempt FundPairCorr
  0.79TEFEX Tax Exempt FundPairCorr
  0.89RNNEX New Economy FundPairCorr
  0.82CDJAX American Funds CollegePairCorr
  0.88AMPCX Amcap Fund ClassPairCorr
  0.9AMPFX Amcap Fund ClassPairCorr
  0.94RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.94RNPCX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.87AMRMX American MutualPairCorr
  0.87AMRFX American MutualPairCorr
  0.78AMUSX Us Government SecuritiesPairCorr
  0.75TEPCX American Funds TaxPairCorr
  0.94RNWEX New World FundPairCorr
  0.94RNWHX New World FundPairCorr
  0.94RNWGX New World FundPairCorr
  0.94RNWAX New World FundPairCorr
  0.94RNWCX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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