American Funds Correlations

FSUGX Fund

USD 11.93 0.02 0.17%

The current 90-days correlation between American Funds Government and Government Securities Fund is 0.86 (i.e., Very poor 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 Government and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Government 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 Government. 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 price.

Moving together with American Mutual Fund

0.61	AMECX	Income Fund	Pair Corr
0.86	FPPPX	American Funds Prese	Pair Corr
0.77	AMEFX	Income Fund	Pair Corr
0.79	AMHIX	American High Income	Pair Corr
0.67	TEBCX	Tax Exempt Bond	Pair Corr
0.67	TECCX	Tax Exempt Fund	Pair Corr
0.74	TEAFX	Tax Exempt Bond	Pair Corr
0.73	TECFX	Tax Exempt Fund	Pair Corr
0.74	TEFEX	Tax Exempt Fund	Pair Corr
0.74	RNRPX	American Funds Retirement	Pair Corr
0.79	AMUSX	Us Government Securities	Pair Corr
0.89	TEPCX	American Funds Tax	Pair Corr
0.92	TEPAX	American Funds Tax	Pair Corr
0.92	TEPFX	American Funds Tax	Pair Corr

Moving against American Mutual Fund

0.54	RNGBX	New Economy Fund	Pair Corr
0.53	RNGHX	New Economy Fund	Pair Corr
0.53	RNGEX	New Economy Fund	Pair Corr
0.53	RNGCX	New Economy Fund	Pair Corr
0.52	RNGGX	New Economy Fund	Pair Corr
0.52	RNGFX	New Economy Fund	Pair Corr
0.47	RNGAX	New Economy Fund	Pair Corr
0.61	AMPCX	Amcap Fund Class	Pair Corr
0.54	RNNEX	New Economy Fund	Pair Corr
0.49	AMPFX	Amcap Fund Class	Pair Corr

Related Correlations Analysis

	UIGSX	FHNFX	USGFX	TWAVX	FCSCX	UGSFX
UIGSX		1.0	1.0	0.91	0.96	1.0	UIGSX
FHNFX	1.0		1.0	0.91	0.95	1.0	FHNFX
USGFX	1.0	1.0		0.92	0.96	1.0	USGFX
TWAVX	0.91	0.91	0.92		0.91	0.91	TWAVX
FCSCX	0.96	0.95	0.96	0.91		0.96	FCSCX
UGSFX	1.0	1.0	1.0	0.91	0.96		UGSFX
	UIGSX	FHNFX	USGFX	TWAVX	FCSCX	UGSFX

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
UIGSX	0.20	0.03	0.12	(0.36)	0.02	(0.27)	0.46	(0.34)	1.04
FHNFX	0.23	0.03	0.10	(0.52)	0.17	(0.26)	0.55	(0.43)	1.31
USGFX	0.26	0.04	0.14	(0.44)	0.15	(0.32)	0.51	(0.42)	1.55
TWAVX	0.08	0.01	0.10	1.47	0.00	(0.17)	0.22	(0.11)	0.55
FCSCX	0.07	0.01	0.12	(0.54)	0.00	(0.19)	0.13	(0.13)	0.66
UGSFX	0.25	0.04	0.13	(0.62)	0.16	(0.31)	0.60	(0.42)	1.55

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC