American Balanced Correlations
| RLBGX Fund | USD 34.71 0.24 0.70% |
The current 90-days correlation between American Balanced and Washington Mutual Investors is 0.86 (i.e., Very poor diversification). The correlation of American Balanced 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 Balanced Correlation With Market
Poor diversification
The correlation between American Balanced Fund and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Balanced Fund and DJI in the same portfolio, assuming nothing else is changed.
American |
Moving together with American Mutual Fund
| 0.62 | AMECX | Income Fund | PairCorr |
| 0.9 | AMFCX | American Mutual | PairCorr |
| 0.78 | AMFFX | American Mutual | PairCorr |
| 0.65 | RNCCX | American Funds Income | PairCorr |
| 0.81 | RNGHX | New Economy Fund | PairCorr |
| 0.79 | RNGBX | New Economy Fund | PairCorr |
| 0.81 | RNGEX | New Economy Fund | PairCorr |
| 0.64 | FPTPX | American Funds Conse | PairCorr |
| 0.92 | CDJAX | American Funds College | PairCorr |
| 0.77 | AMPFX | Amcap Fund Class | PairCorr |
| 0.85 | RNPBX | New Perspective | PairCorr |
| 0.85 | RNPAX | New Perspective | PairCorr |
| 0.87 | RNPHX | New Perspective | PairCorr |
| 0.87 | RNPGX | New Perspective | PairCorr |
| 0.87 | RNPFX | New Perspective | PairCorr |
| 0.87 | RNPEX | New Perspective | PairCorr |
| 0.89 | AMRMX | American Mutual | PairCorr |
| 0.62 | RNRPX | American Funds Retirement | PairCorr |
| 0.81 | ANCFX | American Funds Funda | PairCorr |
| 0.78 | ANFCX | New Economy Fund | PairCorr |
| 0.81 | ANEFX | New Economy Fund | PairCorr |
| 0.81 | ANFFX | New Economy Fund | PairCorr |
| 0.87 | NPFFX | New Perspective | PairCorr |
Related Correlations Analysis
| 0.97 | 0.81 | 0.83 | 0.43 | RWMGX | ||
| 0.97 | 0.82 | 0.86 | 0.37 | RNPGX | ||
| 0.81 | 0.82 | 0.97 | -0.15 | RAFGX | ||
| 0.83 | 0.86 | 0.97 | -0.1 | RGAGX | ||
| 0.43 | 0.37 | -0.15 | -0.1 | RIRGX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between American Mutual Fund performing well and American Balanced 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 Balanced'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RWMGX | 0.75 | (0.06) | 0.00 | (0.14) | 0.00 | 1.22 | 4.40 | |||
| RNPGX | 0.87 | (0.08) | 0.00 | (0.16) | 0.00 | 1.48 | 5.31 | |||
| RAFGX | 1.00 | (0.14) | 0.00 | (0.16) | 0.00 | 1.47 | 5.81 | |||
| RGAGX | 1.13 | (0.17) | 0.00 | (0.21) | 0.00 | 1.82 | 11.16 | |||
| RIRGX | 0.51 | 0.02 | 0.05 | 0.02 | 0.77 | 0.93 | 2.80 |