Capital Group Correlations

CUSEX Fund

USD 34.98 0.10 0.29%

The current 90-days correlation between Capital Group Equity and Simt Multi Asset Inflation is 0.13 (i.e., Average diversification). The correlation of Capital Group 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 Group Correlation With Market

Weak diversification

The correlation between Capital Group Equity and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Equity 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 Group Equity. 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 Capital Mutual Fund

0.66	CCCMX	Capital Group California	Pair Corr
0.63	VTSMX	Vanguard Total Stock	Pair Corr
0.63	VITSX	Vanguard Total Stock	Pair Corr
0.63	VSMPX	Vanguard Total Stock	Pair Corr
0.63	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VINIX	Vanguard Institutional	Pair Corr
0.68	VIIIX	Vanguard Institutional	Pair Corr
0.75	FFBTX	Fidelity Freedom Blend	Pair Corr
0.8	GABFX	Gmo Asset Allocation Steady Growth	Pair Corr
0.88	GCAVX	Gmo Small Cap	Pair Corr
0.86	GQLOX	Gmo Quality Fund	Pair Corr
0.8	GMCQX	Gmo Equity Allocation	Pair Corr
0.63	VRSAX	Voya Retirement Solution	Pair Corr
0.66	DILYX	Davis International	Pair Corr

Moving against Capital Mutual Fund

0.8	RRPSX	Rising Rates Opportunity	Pair Corr
0.38	OOSNX	Oppenheimer Senior	Pair Corr
0.6	TSYNX	Amg Timessquare Global	Pair Corr
0.37	USIAX	Ubs Ultra Short	Pair Corr

Related Correlations Analysis

	SLFYX	QMHIX	CSQAX	ABNTX	FIFGX
SLFYX		0.67	0.87	0.88	0.8	SLFYX
QMHIX	0.67		0.82	0.48	0.77	QMHIX
CSQAX	0.87	0.82		0.8	0.74	CSQAX
ABNTX	0.88	0.48	0.8		0.52	ABNTX
FIFGX	0.8	0.77	0.74	0.52		FIFGX
	SLFYX	QMHIX	CSQAX	ABNTX	FIFGX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SLFYX	0.19	0.05	0.18	1.30	0.00	(0.27)	0.51	(0.38)	1.02
QMHIX	0.72	0.12	0.11	(0.76)	0.83	(0.79)	1.47	(1.30)	3.96
CSQAX	0.26	0.03	0.07	0.30	0.23	(0.33)	0.59	(0.57)	1.53
ABNTX	0.14	0.02	0.08	0.53	0.00	(0.19)	0.30	(0.30)	0.99
FIFGX	0.59	0.09	0.12	(3.15)	0.56	(0.69)	1.25	(1.23)	4.94

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