American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Fundamental
FEEFX Fund  USD 79.89  1.04  1.29%   
The current 90-days correlation between American Funds Funda and Europac Gold Fund is -0.05 (i.e., Good 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

Good diversification

The correlation between American Funds Fundamental and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Fundamental 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 Fundamental. 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 census.

Moving together with American Mutual Fund

  0.61AMFFX American MutualPairCorr
  0.79RNGBX New Economy FundPairCorr
  0.88RNPAX New PerspectivePairCorr
  0.86RNPGX New PerspectivePairCorr
  0.84ANCFX American Funds FundaPairCorr
  0.79ANEFX New Economy FundPairCorr
  0.79ANFFX New Economy FundPairCorr
  0.86NPFFX New PerspectivePairCorr
  0.8PGGFX American Funds GlobalPairCorr
  0.86ANWPX New PerspectivePairCorr
  0.79FAITX American Funds 2050PairCorr
  0.84CFNFX American Funds FundaPairCorr
  0.84CFNEX American Funds FundaPairCorr
  0.78GWPDX American Funds GrowthPairCorr
  0.78GWPEX American Funds GrowthPairCorr
  0.78GWPFX American Funds GrowthPairCorr
  0.81FAWTX American Funds 2060PairCorr

Moving against American Mutual Fund

  0.43FPPPX American Funds PresePairCorr
  0.41AMUSX Us Government SecuritiesPairCorr
  0.39ANBGX American Funds StrategicPairCorr
  0.46CFAMX Short Term BondPairCorr
  0.43RPPGX American Funds PresePairCorr
  0.41CGTCX Us Government SecuritiesPairCorr
  0.4CGTAX Us Government SecuritiesPairCorr
  0.35FBOFX American FundsPairCorr

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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