American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds American
FAHHX Fund  USD 9.82  0.01  0.10%   
The current 90-days correlation between American Funds American and The Gold Bullion is 0.1 (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

Very weak diversification

The correlation between American Funds American and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds American 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 American. 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

  0.93AMECX Income FundPairCorr
  0.69RNEBX New World FundPairCorr
  0.78AMFCX American MutualPairCorr
  0.73AMFFX American MutualPairCorr
  0.85RNCCX American Funds IncomePairCorr
  0.78FPPPX American Funds PresePairCorr
  0.93AMEFX Income FundPairCorr
  0.85AMHIX American High IncomePairCorr
  0.75TEBCX Tax Exempt BondPairCorr
  0.69TECCX Tax Exempt FundPairCorr
  0.8TEAFX Tax Exempt BondPairCorr
  0.86FPTPX American Funds ConsePairCorr
  0.74TECFX Tax Exempt FundPairCorr
  0.77TEFEX Tax Exempt FundPairCorr
  0.8AMRMX American MutualPairCorr
  0.8AMRFX American MutualPairCorr
  0.93RNRPX American Funds RetirementPairCorr
  0.75AMUSX Us Government SecuritiesPairCorr
  0.7TEPCX American Funds TaxPairCorr
  0.66TEPAX American Funds TaxPairCorr
  0.89TEPFX American Funds TaxPairCorr
  0.7RNWFX New World FundPairCorr

Related Correlations Analysis

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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.

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