American Funds Correlations

CIVHX Fund

USD 16.29 0.07 0.43%

The current 90-days correlation between American Funds Inter and Eic Value Fund is 0.13 (i.e., Average 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

Weak diversification

The correlation between American Funds International and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds International 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 International. 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 American Mutual Fund

0.75	RERFX	Europacific Growth	Pair Corr
0.75	AEPFX	Europacific Growth	Pair Corr
0.75	CEUAX	Europacific Growth	Pair Corr
0.75	CEUCX	Europacific Growth	Pair Corr
0.75	RERCX	Europacific Growth	Pair Corr
0.75	REREX	Europacific Growth	Pair Corr
0.74	RERGX	Europacific Growth	Pair Corr
0.75	CEUFX	Europacific Growth	Pair Corr
0.75	CEUEX	Europacific Growth	Pair Corr
0.75	RERAX	Europacific Growth	Pair Corr
0.63	BIPIX	Biotechnology Ultrasector	Pair Corr
0.67	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.61	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.69	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against American Mutual Fund

0.62	INPIX	Internet Ultrasector	Pair Corr
0.62	INPSX	Internet Ultrasector	Pair Corr
0.48	UOPIX	Ultra Nasdaq 100	Pair Corr
0.39	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.37	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.41	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	EICVX	TMVAX	KMVAX	RSPKX	SMPIX	EIPIX	FMASX
EICVX		0.82	0.9	0.91	0.27	0.9	0.83	EICVX
TMVAX	0.82		0.82	0.93	0.28	0.89	0.8	TMVAX
KMVAX	0.9	0.82		0.92	0.31	0.88	0.85	KMVAX
RSPKX	0.91	0.93	0.92		0.27	0.93	0.83	RSPKX
SMPIX	0.27	0.28	0.31	0.27		0.15	0.56	SMPIX
EIPIX	0.9	0.89	0.88	0.93	0.15		0.77	EIPIX
FMASX	0.83	0.8	0.85	0.83	0.56	0.77		FMASX
	EICVX	TMVAX	KMVAX	RSPKX	SMPIX	EIPIX	FMASX

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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
EICVX	0.50	(0.02)	0.00	(0.11)	0.00	0.00	1.07	(0.74)	3.88
TMVAX	0.96	(0.06)	0.00	29.53	0.00	0.00	1.96	(1.75)	16.02
KMVAX	0.86	(0.03)	0.00	(0.09)	0.00	0.00	1.47	(1.59)	10.70
RSPKX	0.79	(0.08)	0.00	(0.23)	0.00	0.00	1.58	(1.29)	12.35
SMPIX	2.52	0.14	0.03	0.20	3.80	(2.34)	4.94	(5.06)	19.56
EIPIX	0.75	(0.01)	0.00	(0.04)	0.00	0.00	1.33	(1.08)	10.11
FMASX	0.75	(0.06)	0.00	(0.20)	0.00	0.00	1.38	(2.41)	5.82

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