Capital Income Correlations

Mutual Funds . USA . 
Fund . Capital Income Builder
RIRGX Fund  USD 72.13  0.32  0.44%   
The current 90-days correlation between Capital Income Builder and American Balanced Fund is 0.61 (i.e., Poor diversification). The correlation of Capital Income 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.

Capital Income Correlation With Market

Very weak diversification

The correlation between Capital Income Builder and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Income Builder 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 Capital Income Builder. 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 price.

Moving together with Capital Mutual Fund

  0.93AMECX Income FundPairCorr
  0.8RNEBX New World FundPairCorr
  0.68AMFCX American MutualPairCorr
  0.68AMFFX American MutualPairCorr
  0.92RNCCX American Funds IncomePairCorr
  0.82FPPPX American Funds PresePairCorr
  0.95AMEFX Income FundPairCorr
  0.84AMHIX American High IncomePairCorr
  0.72TEBCX Tax Exempt BondPairCorr
  0.69TECCX Tax Exempt FundPairCorr
  0.77TEAFX Tax Exempt BondPairCorr
  0.93FPTPX American Funds ConsePairCorr
  0.73TECFX Tax Exempt FundPairCorr
  0.75TEFEX Tax Exempt FundPairCorr
  0.68AMRMX American MutualPairCorr
  0.68AMRFX American MutualPairCorr
  0.95RNRPX American Funds RetirementPairCorr
  0.83AMUSX Us Government SecuritiesPairCorr
  0.9TEPCX American Funds TaxPairCorr
  0.91TEPAX American Funds TaxPairCorr
  0.91TEPFX American Funds TaxPairCorr
  0.82RNWFX New World FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Income 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 Capital Income's 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