American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Retirement
RNRPX Fund  USD 12.85  0.04  0.31%   
The current 90-days correlation between American Funds Retirement and Virtus High Yield is 0.37 (i.e., 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 good diversification

The correlation between American Funds Retirement and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Retirement 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 Retirement. 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 american community survey.

Moving together with American Mutual Fund

  0.75AMECX Income FundPairCorr
  0.81RNEBX New World FundPairCorr
  0.71AMFCX American MutualPairCorr
  0.75AMFFX American MutualPairCorr
  0.87RNCCX American Funds IncomePairCorr
  0.99AMEFX Income FundPairCorr
  0.79AMHIX American High IncomePairCorr
  0.69TEBCX Tax Exempt BondPairCorr
  0.64TECCX Tax Exempt FundPairCorr
  0.77FPTPX American Funds ConsePairCorr
  0.72AMRMX American MutualPairCorr
  0.87TEPFX American Funds TaxPairCorr
  0.67RNWEX New World FundPairCorr
  0.61RNWGX New World FundPairCorr
  0.8RNWBX New World FundPairCorr
  0.8RNWAX New World FundPairCorr
  0.81RNWCX New World FundPairCorr
  0.89CDWEX American Funds DevelopingPairCorr
  0.77ANBGX American Funds StrategicPairCorr
  0.75SBFFX Short Term BondPairCorr
  0.8CWBFX Capital World BondPairCorr

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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