American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2065
RBEOX Fund  USD 17.25  0.02  0.12%   
The current 90-days correlation between American Funds 2065 and First Eagle Gold is 0.57 (i.e., Very weak 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 2065 and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2065 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in American Funds 2065. 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 persons.

Moving together with American Mutual Fund

  0.74AMFCX American MutualPairCorr
  0.74AMFFX American MutualPairCorr
  0.91RNGGX New Economy FundPairCorr
  0.91RNGFX New Economy FundPairCorr
  0.91RNGHX New Economy FundPairCorr
  0.89RNGBX New Economy FundPairCorr
  0.89RNGAX New Economy FundPairCorr
  0.91RNGEX New Economy FundPairCorr
  0.9RNGCX New Economy FundPairCorr
  0.9RNNEX New Economy FundPairCorr
  0.99CDJAX American Funds CollegePairCorr
  0.9AMPCX Amcap Fund ClassPairCorr
  0.92AMPFX Amcap Fund ClassPairCorr
  0.93RNPBX New PerspectivePairCorr
  0.92RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.93RNPCX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.74AMRMX American MutualPairCorr
  0.74AMRFX American MutualPairCorr

Moving against American Mutual Fund

  0.36FPPPX American Funds PresePairCorr
  0.33AMUSX Us Government SecuritiesPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FGDIX
+ 1.0
FEGOX
GLDAX
+ 1.0
FEGOX
GLDAX
+ 1.0
FGDIX
EPGFX
+ 0.99
FEGOX
FGDIX
+ 0.99
EPGFX
GLDAX
+ 0.99
EPGFX
  
High negative correlations   
MXKJX
- 0.57
FEGOX
GLDAX
- 0.56
MXKJX
FGDIX
- 0.55
MXKJX
OGMCX
- 0.52
MXKJX
EPGFX
- 0.52
MXKJX

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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