American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Retirement
RCRPX Fund  USD 13.75  0.07  0.51%   
The current 90-days correlation between American Funds Retirement and Fidelity Vertible Securities is 0.59 (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

Modest diversification

The correlation between American Funds Retirement and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Retirement 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 Retirement. 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 american community survey.

Moving together with American Mutual Fund

  0.74AMECX Income FundPairCorr
  0.62RNEBX New World FundPairCorr
  0.79AMFCX American MutualPairCorr
  0.79AMFFX American MutualPairCorr
  0.94RNCCX American Funds IncomePairCorr
  0.74AMEFX Income FundPairCorr
  0.83RNGGX New Economy FundPairCorr
  0.83RNGFX New Economy FundPairCorr
  0.83RNGHX New Economy FundPairCorr
  0.82RNGBX New Economy FundPairCorr
  0.82RNGAX New Economy FundPairCorr
  0.83RNGEX New Economy FundPairCorr
  0.83RNGCX New Economy FundPairCorr
  0.64AMHIX American High IncomePairCorr
  0.61TEBCX Tax Exempt BondPairCorr
  0.62TECCX Tax Exempt FundPairCorr
  0.63TEAFX Tax Exempt BondPairCorr
  0.94FPTPX American Funds ConsePairCorr
  0.61TEFEX Tax Exempt FundPairCorr
  0.83RNNEX New Economy FundPairCorr
  0.88CDJAX American Funds CollegePairCorr
  0.84AMPCX Amcap Fund ClassPairCorr
  0.84AMPFX Amcap Fund ClassPairCorr
  0.89RNPBX New PerspectivePairCorr
  0.89RNPAX New PerspectivePairCorr
  0.88RNPHX New PerspectivePairCorr
  0.88RNPGX New PerspectivePairCorr
  0.88RNPCX New PerspectivePairCorr
  0.88RNPFX New PerspectivePairCorr
  0.88RNPEX New PerspectivePairCorr
  0.79AMRMX American MutualPairCorr
  0.79AMRFX American MutualPairCorr
  0.97RNRPX American Funds RetirementPairCorr
  0.67TEPCX American Funds TaxPairCorr
  0.7TEPAX American Funds TaxPairCorr
  0.69TEPFX American Funds TaxPairCorr
  0.64RNWFX New World FundPairCorr

Related Correlations Analysis

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY