American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Income
INPEX Fund  USD 13.59  0.05  0.37%   
The current 90-days correlation between American Funds Income and Us Government Securities 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

Significant diversification

The correlation between American Funds Income and DJI is 0.06 (i.e., Significant 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 income.

Moving together with American Mutual Fund

  0.78IMACX Ivy Apollo MultiPairCorr
  0.77IMAIX Ivy Apollo MultiPairCorr
  0.78IMAYX Ivy Apollo MultiPairCorr
  0.68IMEGX Ivy Emerging MarketsPairCorr
  0.71WASCX Ivy Asset StrategyPairCorr
  0.82WASYX Ivy Asset StrategyPairCorr
  0.94IMURX Ivy Apollo MultiPairCorr
  0.68IPOYX Ivy Emerging MarketsPairCorr
  0.76IPOCX Ivy Emerging MarketsPairCorr
  0.68IPOIX Ivy Emerging MarketsPairCorr
  0.87IREIX Ivy Advantus RealPairCorr
  0.71IRSRX Ivy Advantus RealPairCorr
  0.71IRSYX Ivy Advantus RealPairCorr
  0.78IRSCX Ivy Advantus RealPairCorr
  0.87IRSEX Ivy Advantus RealPairCorr
  0.86IASTX Ivy Asset StrategyPairCorr
  0.85IASRX Ivy Asset StrategyPairCorr
  0.61ITGRX Ivy Global GrowthPairCorr
  0.7ICEIX Ivy InternationalPairCorr

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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