Capital World Correlations

Mutual Funds . USA . 
Fund . Capital World Growth
RWIAX Fund  USD 63.88  0.25  0.39%   
The current 90-days correlation between Capital World Growth and John Hancock Funds is -0.03 (i.e., Good diversification). The correlation of Capital World 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 World Correlation With Market

Significant diversification

The correlation between Capital World Growth and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital World Growth 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 World Growth. 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 nation.

Moving together with Capital Mutual Fund

  0.75AMECX Income FundPairCorr
  0.95AMFCX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.77RNCCX American Funds IncomePairCorr
  0.67AMEFX Income FundPairCorr
  0.75RNGHX New Economy FundPairCorr
  0.74RNGBX New Economy FundPairCorr
  0.75RNGEX New Economy FundPairCorr
  0.77FPTPX American Funds ConsePairCorr
  0.68AMPFX Amcap Fund ClassPairCorr
  0.96RNPBX New PerspectivePairCorr
  0.96RNPAX New PerspectivePairCorr
  0.97RNPHX New PerspectivePairCorr
  0.97RNPGX New PerspectivePairCorr
  0.97RNPFX New PerspectivePairCorr
  0.97RNPEX New PerspectivePairCorr
  0.95AMRMX American MutualPairCorr
  0.74RNRPX American Funds RetirementPairCorr
  0.77RNWEX New World FundPairCorr
  0.77RNWGX New World FundPairCorr
  0.78RNWBX New World FundPairCorr
  0.78RNWAX New World FundPairCorr
  0.77RNWCX New World FundPairCorr
  0.8ANCFX American Funds FundaPairCorr
  0.75ANEFX New Economy FundPairCorr
  0.75ANFFX New Economy FundPairCorr
  0.97NPFFX New PerspectivePairCorr
  0.83PGGFX American Funds GlobalPairCorr
  0.97ANWPX New PerspectivePairCorr
  0.94BALFX American BalancedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital World 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 World'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.

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