American Funds Correlations

Mutual Funds USA . 
Fund . American Funds Emerging
REGAX Fund  USD 7.52  0.02  0.27%   
The current 90-days correlation between American Funds Emerging and Dunham High Yield is -0.05 (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

Good diversification

The correlation between American Funds Emerging and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Emerging 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 Emerging. 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

  0.73RNEBX New World FundPairCorr
  0.67AMFCX American MutualPairCorr
  0.67AMFFX American MutualPairCorr
  0.69RNCCX American Funds IncomePairCorr
  0.74RNGGX New Economy FundPairCorr
  0.76RNGFX New Economy FundPairCorr
  0.74RNGBX New Economy FundPairCorr
  0.74RNGEX New Economy FundPairCorr
  0.68FPTPX American Funds ConsePairCorr
  0.77RNNEX New Economy FundPairCorr
  0.75AMPCX Amcap Fund ClassPairCorr
  0.73AMPFX Amcap Fund ClassPairCorr
  0.74RNPBX New PerspectivePairCorr
  0.79RNPAX New PerspectivePairCorr
  0.73RNPHX New PerspectivePairCorr
  0.78RNPGX New PerspectivePairCorr
  0.74RNPCX New PerspectivePairCorr
  0.78RNPFX New PerspectivePairCorr
  0.67AMRMX American MutualPairCorr
  0.67AMRFX American MutualPairCorr
  0.73RNWGX 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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