American Funds Correlations

FATTX Fund

USD 20.98 0.03 0.14%

The current 90-days correlation between American Funds 2045 and Doubleline Total Return is 0.11 (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

Poor diversification

The correlation between American Funds 2045 and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2045 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 2045. 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

0.63	RNEBX	New World Fund	Pair Corr
0.78	AMFCX	American Mutual	Pair Corr
0.78	AMFFX	American Mutual	Pair Corr
0.64	RNGGX	New Economy Fund	Pair Corr
0.64	RNGFX	New Economy Fund	Pair Corr
0.88	RNGHX	New Economy Fund	Pair Corr
0.86	RNGBX	New Economy Fund	Pair Corr
0.63	RNGAX	New Economy Fund	Pair Corr
0.87	RNGEX	New Economy Fund	Pair Corr
0.63	RNNEX	New Economy Fund	Pair Corr
0.98	CDJAX	American Funds College	Pair Corr
0.87	AMPFX	Amcap Fund Class	Pair Corr
0.94	RNPBX	New Perspective	Pair Corr
0.94	RNPAX	New Perspective	Pair Corr
0.94	RNPHX	New Perspective	Pair Corr
0.94	RNPGX	New Perspective	Pair Corr
0.76	RNPCX	New Perspective	Pair Corr
0.94	RNPFX	New Perspective	Pair Corr
0.94	RNPEX	New Perspective	Pair Corr
0.78	AMRMX	American Mutual	Pair Corr
0.78	AMRFX	American Mutual	Pair Corr
0.62	RNWEX	New World Fund	Pair Corr

Moving against American Mutual Fund

0.31

CEAMX

Short Term Bond

Pair Corr

Related Correlations Analysis

	DLTNX	MSTBX	BMOPX	LTXFX	UIITX	JAFLX	GANPX
DLTNX		0.98	0.99	0.9	0.99	0.99	0.91	DLTNX
MSTBX	0.98		0.96	0.89	0.97	0.96	0.92	MSTBX
BMOPX	0.99	0.96		0.92	1.0	1.0	0.92	BMOPX
LTXFX	0.9	0.89	0.92		0.93	0.91	0.98	LTXFX
UIITX	0.99	0.97	1.0	0.93		0.99	0.93	UIITX
JAFLX	0.99	0.96	1.0	0.91	0.99		0.9	JAFLX
GANPX	0.91	0.92	0.92	0.98	0.93	0.9		GANPX
	DLTNX	MSTBX	BMOPX	LTXFX	UIITX	JAFLX	GANPX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DLTNX	0.22	0.03	0.32	0.78	0.13	(0.31)	0.57	(0.34)	1.40
MSTBX	0.11	0.02	0.51	3.47	0.00	(0.15)	0.21	(0.21)	0.62
BMOPX	0.23	0.02	0.26	0.55	0.21	(0.26)	0.55	(0.34)	1.36
LTXFX	0.10	0.00	0.32	(0.10)	0.11	(0.14)	0.26	(0.20)	0.65
UIITX	0.23	0.02	0.29	0.56	0.18	(0.28)	0.55	(0.43)	1.45
JAFLX	0.24	0.02	0.28	0.42	0.20	(0.30)	0.61	(0.41)	1.44
GANPX	0.06	0.00	0.42	0.03	0.00	(0.12)	0.10	(0.10)	0.48

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