American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Income
INPAX Fund  USD 13.68  0.03  0.22%   
The current 90-days correlation between American Funds Income and American Funds Growth is 0.91 (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

Poor diversification

The correlation between American Funds Income and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in American Funds Income. 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 nation.

Moving together with American Mutual Fund

  0.8AMECX Income FundPairCorr
  0.71AMFCX American MutualPairCorr
  0.7AMFFX American MutualPairCorr
  1.0RNCCX American Funds IncomePairCorr
  0.8AMEFX Income FundPairCorr
  1.0FPTPX American Funds ConsePairCorr
  0.72CDJAX American Funds CollegePairCorr
  0.75RNPBX New PerspectivePairCorr
  0.75RNPAX New PerspectivePairCorr
  0.73RNPHX New PerspectivePairCorr
  0.73RNPGX New PerspectivePairCorr
  0.74RNPCX New PerspectivePairCorr
  0.73RNPFX New PerspectivePairCorr
  0.74RNPEX New PerspectivePairCorr
  0.7AMRMX American MutualPairCorr
  0.7AMRFX American MutualPairCorr
  0.97RNRPX American Funds RetirementPairCorr

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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