American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2015
REJTX Fund  USD 12.64  0.02  0.16%   
The current 90-days correlation between American Funds 2015 and Gmo International Equity 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

Very weak diversification

The correlation between American Funds 2015 and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2015 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 2015. 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 estimate.

Moving together with American Mutual Fund

  0.79AMECX Income FundPairCorr
  0.85RNEBX New World FundPairCorr
  0.76AMFCX American MutualPairCorr
  0.76AMFFX American MutualPairCorr
  0.93RNCCX American Funds IncomePairCorr
  0.78AMEFX Income FundPairCorr
  0.69AMHIX American High IncomePairCorr
  0.68TEBCX Tax Exempt BondPairCorr
  0.65TECCX Tax Exempt FundPairCorr
  0.68TEAFX Tax Exempt BondPairCorr
  0.93FPTPX American Funds ConsePairCorr
  0.65TECFX Tax Exempt FundPairCorr
  0.64TEFEX Tax Exempt FundPairCorr
  0.61RNPBX New PerspectivePairCorr
  0.61RNPAX New PerspectivePairCorr
  0.63RNPHX New PerspectivePairCorr
  0.63RNPGX New PerspectivePairCorr
  0.62RNPCX New PerspectivePairCorr
  0.63RNPFX New PerspectivePairCorr
  0.62RNPEX New PerspectivePairCorr
  0.76AMRMX American MutualPairCorr
  0.76AMRFX American MutualPairCorr
  0.81RNRPX American Funds RetirementPairCorr
  0.7TEPCX American Funds TaxPairCorr
  0.7TEPAX American Funds TaxPairCorr
  0.7TEPFX American Funds TaxPairCorr
  0.85RNWFX 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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