American Funds Correlations

Mutual Funds USA . 
Fund . American Funds Government
FSUGX Fund  USD 11.94  0.06  0.51%   
The current 90-days correlation between American Funds Government and Science Technology Fund is 0.19 (i.e., Average 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

Average diversification

The correlation between American Funds Government and DJI is 0.16 (i.e., Average 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

  0.79AMECX Income FundPairCorr
  0.73RNEBX New World FundPairCorr
  0.68AMFCX American MutualPairCorr
  0.69AMFFX American MutualPairCorr
  0.81RNCCX American Funds IncomePairCorr
  0.68FPPPX American Funds PresePairCorr
  0.8AMEFX Income FundPairCorr
  0.89AMHIX American High IncomePairCorr
  0.85TEBCX Tax Exempt BondPairCorr
  0.83TECCX Tax Exempt FundPairCorr
  0.89TEAFX Tax Exempt BondPairCorr
  0.81FPTPX American Funds ConsePairCorr
  0.87TECFX Tax Exempt FundPairCorr
  0.88TEFEX Tax Exempt FundPairCorr
  0.73CDJAX American Funds CollegePairCorr
  0.7RNPBX New PerspectivePairCorr
  0.69RNPAX New PerspectivePairCorr
  0.71RNPHX New PerspectivePairCorr
  0.71RNPGX New PerspectivePairCorr
  0.71RNPCX New PerspectivePairCorr
  0.71RNPFX New PerspectivePairCorr
  0.71RNPEX New PerspectivePairCorr
  0.69AMRMX American MutualPairCorr
  0.69AMRFX American MutualPairCorr
  0.76RNRPX American Funds RetirementPairCorr
  0.97AMUSX Us Government SecuritiesPairCorr
  0.92TEPCX American Funds TaxPairCorr
  0.83TEPAX American Funds TaxPairCorr
  0.83TEPFX American Funds TaxPairCorr
  0.74RNWFX 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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