American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2050
RFITX Fund  USD 20.79  0.25  1.19%   
The current 90-days correlation between American Funds 2050 and Income Fund Of is 0.01 (i.e., Significant 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 2050 and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2050 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 2050. 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

  0.74AMFFX American MutualPairCorr
  0.72RNCCX American Funds IncomePairCorr
  0.67RNGGX New Economy FundPairCorr
  0.67RNGFX New Economy FundPairCorr
  0.67RNGHX New Economy FundPairCorr
  0.66RNGBX New Economy FundPairCorr
  0.65RNGAX New Economy FundPairCorr
  0.67RNGEX New Economy FundPairCorr
  0.67RNGCX New Economy FundPairCorr
  0.65AMHIX American High IncomePairCorr
  0.93FPTPX American Funds ConsePairCorr
  0.66RNNEX New Economy FundPairCorr
  0.77CDJAX American Funds CollegePairCorr
  0.7AMPCX Amcap Fund ClassPairCorr
  0.72AMPFX Amcap Fund ClassPairCorr
  0.77RNPBX New PerspectivePairCorr
  0.77RNPAX New PerspectivePairCorr
  0.91RNPHX New PerspectivePairCorr
  0.77RNPGX New PerspectivePairCorr
  0.91RNPCX New PerspectivePairCorr
  0.77RNPFX New PerspectivePairCorr
  0.77RNPEX New PerspectivePairCorr
  0.9RNRPX American Funds RetirementPairCorr
  0.73TEPCX American Funds TaxPairCorr
  0.74TEPAX American Funds TaxPairCorr
  0.68TEPFX American Funds TaxPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMECX  0.37 (0.09) 0.00 (0.29) 0.00 
 0.00 
 0.67 
(0.93)
 3.18 
RNEBX  0.53 (0.14) 0.00 (0.80) 0.00 
 0.00 
 0.79 
(1.32)
 4.01 
AMFCX  0.51 (0.14) 0.00 (0.27) 0.00 
 0.00 
 0.84 
(1.02)
 6.56 
AMFFX  0.52 (0.10) 0.00 (0.22) 0.00 
 0.00 
 0.83 
(1.01)
 6.50 
RNCCX  0.31 (0.08) 0.00 (0.39) 0.00 
 0.00 
 0.52 
(0.66)
 3.34 
FPPPX  0.11 (0.03) 0.00  8.53  0.00 
 0.00 
 0.21 
(0.21)
 0.96 
AMEFX  0.38 (0.09) 0.00 (0.30) 0.00 
 0.00 
 0.67 
(0.90)
 3.15 
RNGGX  0.89 (0.11) 0.00 (0.16) 0.00 
 0.00 
 1.38 
(1.97)
 10.95 
RNGFX  0.89 (0.11) 0.00 (0.16) 0.00 
 0.00 
 1.39 
(1.97)
 10.94 
RNGHX  0.89 (0.11) 0.00 (0.16) 0.00 
 0.00 
 1.40 
(1.97)
 11.07 

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