American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2030
FAETX Fund  USD 17.32  0.03  0.17%   
The current 90-days correlation between American Funds 2030 and American Funds 2035 is 0.99 (i.e., No risk reduction). 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

Significant diversification

The correlation between American Funds 2030 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2030 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in American Funds 2030. 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

  0.69AMECX Income FundPairCorr
  0.79RNEBX New World FundPairCorr
  0.77AMFCX American MutualPairCorr
  0.77AMFFX American MutualPairCorr
  0.75RNCCX American Funds IncomePairCorr
  0.74AMEFX Income FundPairCorr
  0.63RNGHX New Economy FundPairCorr
  0.62RNGBX New Economy FundPairCorr
  0.75FPTPX American Funds ConsePairCorr
  0.85CDJAX American Funds CollegePairCorr
  0.9RNPBX New PerspectivePairCorr
  0.65RNPAX New PerspectivePairCorr
  0.91RNPHX New PerspectivePairCorr
  0.68RNPGX New PerspectivePairCorr
  0.91RNPFX New PerspectivePairCorr
  0.91RNPEX New PerspectivePairCorr
  0.77AMRMX American MutualPairCorr
  0.95AMRFX American MutualPairCorr
  0.8RNRPX American Funds RetirementPairCorr
  0.8RNWBX New World FundPairCorr
  0.79RNWAX New World FundPairCorr
  0.79RNWCX New World FundPairCorr
  0.64CDWEX American Funds DevelopingPairCorr
  0.64CDWFX American Funds DevelopingPairCorr
  0.69ANCFX American Funds FundaPairCorr
  0.62ANFCX New Economy FundPairCorr
  0.63ANEFX New Economy FundPairCorr
  0.63ANFFX New Economy FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY