American Funds Correlations
| FNNEX Fund | USD 60.02 0.10 0.17% |
The current 90-days correlation between American Funds and Cohen Steers Real is -0.11 (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 The and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds The and DJI in the same portfolio, assuming nothing else is changed.
American |
Moving together with American Mutual Fund
| 1.0 | RNGBX | New Economy Fund | PairCorr |
| 0.87 | RNPGX | New Perspective | PairCorr |
| 1.0 | ANFFX | New Economy Fund | PairCorr |
| 0.88 | NPFFX | New Perspective | PairCorr |
| 0.92 | FAITX | American Funds 2050 | PairCorr |
| 0.93 | GWPEX | American Funds Growth | PairCorr |
| 0.99 | CGFFX | Growth Fund | PairCorr |
| 0.93 | FCJTX | American Funds 2055 | PairCorr |
| 0.94 | FCKTX | American Funds 2060 | PairCorr |
| 0.79 | RAFTX | American Funds 2035 | PairCorr |
| 0.99 | RAFGX | Amcap Fund Class | PairCorr |
| 0.91 | RAHTX | American Funds 2045 | PairCorr |
| 0.9 | RAMHX | American Balanced | PairCorr |
| 0.74 | RSLBX | Smallcap World | PairCorr |
Moving against American Mutual Fund
| 0.57 | FPPPX | American Funds Prese | PairCorr |
| 0.56 | CFAMX | Short Term Bond | PairCorr |
| 0.48 | AMUSX | Us Government Securities | PairCorr |
| 0.41 | ANBGX | American Funds Strategic | PairCorr |
| 0.55 | RAMFX | Short Term Bond | PairCorr |
| 0.49 | CGTCX | Us Government Securities | PairCorr |
| 0.48 | CGTAX | Us Government Securities | PairCorr |
| 0.45 | FBOFX | American Funds | PairCorr |
| 0.58 | IBFCX | Intermediate Bond | PairCorr |
| 0.5 | RBFCX | Bond Fund | PairCorr |
Related Correlations Analysis
| 0.95 | 0.4 | 0.61 | 0.98 | 0.65 | 0.98 | CREFX | ||
| 0.95 | 0.36 | 0.49 | 0.95 | 0.54 | 0.96 | PAREX | ||
| 0.4 | 0.36 | 0.58 | 0.33 | 0.53 | 0.33 | NRSCX | ||
| 0.61 | 0.49 | 0.58 | 0.49 | 0.99 | 0.51 | CREMX | ||
| 0.98 | 0.95 | 0.33 | 0.49 | 0.54 | 1.0 | MRESX | ||
| 0.65 | 0.54 | 0.53 | 0.99 | 0.54 | 0.56 | FORFX | ||
| 0.98 | 0.96 | 0.33 | 0.51 | 1.0 | 0.56 | IARIX | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CREFX | 0.91 | 0.01 | 0.00 | (0.05) | 0.00 | 1.59 | 4.82 | |||
| PAREX | 1.02 | (0.08) | 0.00 | (0.19) | 0.00 | 1.65 | 6.34 | |||
| NRSCX | 0.18 | 0.00 | 0.24 | 0.08 | 0.22 | 0.31 | 1.00 | |||
| CREMX | 0.02 | 0.02 | 0.00 | 14.01 | 0.00 | 0.08 | 0.08 | |||
| MRESX | 0.91 | (0.01) | 0.00 | (0.09) | 0.00 | 1.67 | 4.48 | |||
| FORFX | 0.05 | 0.02 | 0.00 | (5.40) | 0.00 | 0.11 | 0.32 | |||
| IARIX | 0.90 | (0.01) | 0.00 | (0.08) | 0.00 | 1.59 | 4.67 |