American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Retirement
FBFWX Fund  USD 12.51  0.04  0.32%   
The current 90-days correlation between American Funds Retirement and American Funds American is 0.53 (i.e., Very weak 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

Modest diversification

The correlation between American Funds Retirement and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Retirement 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 Retirement. 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 housing.

Moving together with American Mutual Fund

  0.81AMECX Income FundPairCorr
  0.77RNEBX New World FundPairCorr
  0.84AMFCX American MutualPairCorr
  0.84AMFFX American MutualPairCorr
  0.97RNCCX American Funds IncomePairCorr
  0.66FPPPX American Funds PresePairCorr
  0.81AMEFX Income FundPairCorr
  0.8RNGGX New Economy FundPairCorr
  0.8RNGFX New Economy FundPairCorr
  0.8RNGHX New Economy FundPairCorr
  0.81RNGBX New Economy FundPairCorr
  0.81RNGAX New Economy FundPairCorr
  0.8RNGEX New Economy FundPairCorr
  0.8RNGCX New Economy FundPairCorr
  0.7AMHIX American High IncomePairCorr
  0.65TEBCX Tax Exempt BondPairCorr
  0.69TECCX Tax Exempt FundPairCorr
  0.68TEAFX Tax Exempt BondPairCorr
  0.97FPTPX American Funds ConsePairCorr
  0.62TECFX Tax Exempt FundPairCorr
  0.68TEFEX Tax Exempt FundPairCorr
  0.8RNNEX New Economy FundPairCorr
  0.8CDJAX American Funds CollegePairCorr
  0.77AMPCX Amcap Fund ClassPairCorr
  0.74AMPFX Amcap Fund ClassPairCorr
  0.85RNPBX New PerspectivePairCorr
  0.86RNPAX New PerspectivePairCorr
  0.85RNPHX New PerspectivePairCorr
  0.85RNPGX New PerspectivePairCorr
  0.85RNPCX New PerspectivePairCorr
  0.85RNPFX New PerspectivePairCorr
  0.85RNPEX New PerspectivePairCorr
  0.84AMRMX American MutualPairCorr
  0.84AMRFX American MutualPairCorr
  1.0RNRPX American Funds RetirementPairCorr
  0.71AMUSX Us Government SecuritiesPairCorr
  0.77TEPCX American Funds TaxPairCorr
  0.78TEPAX American Funds TaxPairCorr
  0.77TEPFX American Funds TaxPairCorr
  0.78RNWFX New World 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FBONX  0.50 (0.08) 0.00 (0.35) 0.00 
 0.00 
 0.76 
(0.90)
 6.38 
FBAFX  0.50 (0.08) 0.00 (0.35) 0.00 
 0.00 
 0.76 
(0.88)
 6.38 
ABALX  0.49 (0.08) 0.00 (0.36) 0.00 
 0.00 
 0.76 
(0.90)
 6.32 
BALCX  0.49 (0.08) 0.00 (0.37) 0.00 
 0.00 
 0.74 
(0.91)
 6.16 
BALFX  0.49 (0.08) 0.00 (0.36) 0.00 
 0.00 
 0.73 
(0.91)
 6.33 
RLBCX  0.49 (0.08) 0.00 (0.36) 0.00 
 0.00 
 0.77 
(0.88)
 6.29 
RLBBX  0.49 (0.08) 0.00 (0.37) 0.00 
 0.00 
 0.77 
(0.89)
 6.22 
CLBAX  0.49 (0.08) 0.00 (0.36) 0.00 
 0.00 
 0.76 
(0.91)
 6.34 
CLBEX  0.49 (0.08) 0.00 (0.36) 0.00 
 0.00 
 0.74 
(0.91)
 6.29 
RLBFX  0.49 (0.08) 0.00 (0.35) 0.00 
 0.00 
 0.76 
(0.90)
 6.34 

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