American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Retirement
FCFWX Fund  USD 13.75  0.06  0.43%   
The current 90-days correlation between American Funds Retirement and American Funds Growth is 0.94 (i.e., Almost no 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

Significant diversification

The correlation between American Funds Retirement and DJI is 0.05 (i.e., Significant 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

  0.69AMECX Income FundPairCorr
  0.64RNEBX New World FundPairCorr
  0.8AMFCX American MutualPairCorr
  0.81AMFFX American MutualPairCorr
  0.94RNCCX American Funds IncomePairCorr
  0.64FPPPX American Funds PresePairCorr
  0.69AMEFX Income FundPairCorr
  0.85RNGGX New Economy FundPairCorr
  0.76RNGFX New Economy FundPairCorr
  0.85RNGHX New Economy FundPairCorr
  0.75RNGBX New Economy FundPairCorr
  0.84RNGAX New Economy FundPairCorr
  0.76RNGEX New Economy FundPairCorr
  0.76RNGCX New Economy FundPairCorr
  0.66AMHIX American High IncomePairCorr
  0.63TEBCX Tax Exempt BondPairCorr
  0.65TECCX Tax Exempt FundPairCorr
  0.63TEAFX Tax Exempt BondPairCorr
  0.95FPTPX American Funds ConsePairCorr
  0.62TECFX Tax Exempt FundPairCorr
  0.65TEFEX Tax Exempt FundPairCorr
  0.85RNNEX New Economy FundPairCorr
  0.9CDJAX American Funds CollegePairCorr
  0.78AMPCX Amcap Fund ClassPairCorr
  0.78AMPFX Amcap Fund ClassPairCorr
  0.89RNPBX New PerspectivePairCorr
  0.89RNPAX New PerspectivePairCorr
  0.89RNPHX New PerspectivePairCorr
  0.89RNPGX New PerspectivePairCorr
  0.89RNPCX New PerspectivePairCorr
  0.89RNPFX New PerspectivePairCorr
  0.9RNPEX New PerspectivePairCorr
  0.71AMRMX American MutualPairCorr
  0.81AMRFX American MutualPairCorr
  0.97RNRPX American Funds RetirementPairCorr
  0.63AMUSX Us Government SecuritiesPairCorr
  0.71TEPCX American Funds TaxPairCorr
  0.7TEPAX American Funds TaxPairCorr
  0.72TEPFX American Funds TaxPairCorr
  0.64RNWFX 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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