American Funds Correlations

RRCTX Fund

USD 14.43 0.03 0.21%

The current 90-days correlation between American Funds 2020 and Lsv Small Cap is 0.2 (i.e., Modest 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

Poor diversification

The correlation between American Funds 2020 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 Funds 2020 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 2020. 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

0.66	AMECX	Income Fund	Pair Corr
0.98	RNCCX	American Funds Income	Pair Corr
0.65	AMEFX	Income Fund	Pair Corr
0.64	AMHIX	American High Income	Pair Corr
0.64	TEBCX	Tax Exempt Bond	Pair Corr
0.63	TECCX	Tax Exempt Fund	Pair Corr
0.63	TEAFX	Tax Exempt Bond	Pair Corr
0.83	FPTPX	American Funds Conse	Pair Corr
0.65	TECFX	Tax Exempt Fund	Pair Corr
0.63	TEFEX	Tax Exempt Fund	Pair Corr
0.71	RNPBX	New Perspective	Pair Corr
0.69	RNPHX	New Perspective	Pair Corr
0.68	RNPGX	New Perspective	Pair Corr
0.7	RNPCX	New Perspective	Pair Corr
0.69	RNPFX	New Perspective	Pair Corr
0.69	RNPEX	New Perspective	Pair Corr
0.99	RNRPX	American Funds Retirement	Pair Corr
0.63	TEPAX	American Funds Tax	Pair Corr
0.63	TEPFX	American Funds Tax	Pair Corr

Related Correlations Analysis

	LVAQX	QRSVX	WBVNX	GSXPX	RSPMX	AFDVX	BPSCX	JSCNX
LVAQX		0.95	0.94	0.99	0.99	0.98	0.87	0.93	LVAQX
QRSVX	0.95		0.96	0.92	0.94	0.92	0.9	0.88	QRSVX
WBVNX	0.94	0.96		0.92	0.94	0.91	0.92	0.86	WBVNX
GSXPX	0.99	0.92	0.92		0.97	0.97	0.84	0.92	GSXPX
RSPMX	0.99	0.94	0.94	0.97		0.96	0.87	0.93	RSPMX
AFDVX	0.98	0.92	0.91	0.97	0.96		0.86	0.91	AFDVX
BPSCX	0.87	0.9	0.92	0.84	0.87	0.86		0.79	BPSCX
JSCNX	0.93	0.88	0.86	0.92	0.93	0.91	0.79		JSCNX
	LVAQX	QRSVX	WBVNX	GSXPX	RSPMX	AFDVX	BPSCX	JSCNX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LVAQX	0.80	0.13	0.07	0.76	0.64	(0.97)	1.72	(1.35)	7.39
QRSVX	0.74	0.05	0.10	0.13	0.48	(0.87)	1.89	(1.27)	6.35
WBVNX	0.85	(0.01)	0.03	0.08	0.71	(1.00)	1.88	(1.35)	7.52
GSXPX	0.88	0.14	0.06	0.75	0.76	(1.06)	2.29	(1.59)	8.38
RSPMX	0.74	0.14	0.10	0.95	0.47	(0.97)	1.71	(1.06)	6.79
AFDVX	0.80	0.12	0.06	0.54	0.61	(0.99)	1.68	(1.36)	6.80
BPSCX	0.98	(0.17)	0.00	(0.02)	0.00	0.00	1.77	(1.19)	7.51
JSCNX	0.85	0.10	0.05	0.41	0.72	(1.05)	1.79	(1.40)	7.83

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American Funds Correlations

American Funds Correlation With Market

Poor diversification

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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