American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2025
RFDTX Fund  USD 15.48  0.11  0.72%   
The current 90-days correlation between American Funds 2025 and Pace International Emerging is 0.4 (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 2025 and DJI is 0.53 (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 2025 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 2025. 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

  0.74AMECX Income FundPairCorr
  0.89RNEBX New World FundPairCorr
  0.85AMFCX American MutualPairCorr
  0.85AMFFX American MutualPairCorr
  0.88RNCCX American Funds IncomePairCorr
  0.73AMEFX Income FundPairCorr
  0.63RNGGX New Economy FundPairCorr
  0.62RNGFX New Economy FundPairCorr
  0.63RNGBX New Economy FundPairCorr
  0.62RNGAX New Economy FundPairCorr
  0.62RNGEX New Economy FundPairCorr
  0.63RNGCX New Economy FundPairCorr
  0.65AMHIX American High IncomePairCorr
  0.69TEBCX Tax Exempt BondPairCorr
  0.69TECCX Tax Exempt FundPairCorr
  0.67TEAFX Tax Exempt BondPairCorr
  0.87FPTPX American Funds ConsePairCorr
  0.64TECFX Tax Exempt FundPairCorr
  0.65TEFEX Tax Exempt FundPairCorr
  0.62RNNEX New Economy FundPairCorr
  0.74CDJAX American Funds CollegePairCorr
  0.82RNPBX New PerspectivePairCorr
  0.82RNPAX New PerspectivePairCorr
  0.82RNPHX New PerspectivePairCorr
  0.82RNPGX New PerspectivePairCorr
  0.82RNPCX New PerspectivePairCorr
  0.82RNPFX New PerspectivePairCorr
  0.82RNPEX New PerspectivePairCorr
  0.84AMRMX American MutualPairCorr
  0.84AMRFX American MutualPairCorr
  0.65RNRPX American Funds RetirementPairCorr
  0.9RNWFX 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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