American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Conservative
FPTPX Fund  USD 13.66  0.01  0.07%   
The current 90-days correlation between American Funds Conse and Income Fund Of is 0.97 (i.e., Almost no 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

Almost no diversification

The correlation between American Funds Conservative and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Conservative and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in American Funds Conservative. 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

  0.99AMECX Income FundPairCorr
  0.71RNEBX New World FundPairCorr
  0.99AMFCX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  1.0RNCCX American Funds IncomePairCorr
  0.88FPPPX American Funds PresePairCorr
  0.99AMEFX Income FundPairCorr
  0.65RNGGX New Economy FundPairCorr
  0.65RNGFX New Economy FundPairCorr
  0.65RNGHX New Economy FundPairCorr
  0.63RNGBX New Economy FundPairCorr
  0.63RNGAX New Economy FundPairCorr
  0.65RNGEX New Economy FundPairCorr
  0.64RNGCX New Economy FundPairCorr
  0.84AMHIX American High IncomePairCorr
  0.83TEBCX Tax Exempt BondPairCorr
  0.84TECCX Tax Exempt FundPairCorr
  0.83TEAFX Tax Exempt BondPairCorr
  0.84TECFX Tax Exempt FundPairCorr
  0.84TEFEX Tax Exempt FundPairCorr
  0.64RNNEX New Economy FundPairCorr
  0.81CDJAX American Funds CollegePairCorr
  0.73AMPFX Amcap Fund ClassPairCorr
  0.7RNPBX New PerspectivePairCorr
  0.7RNPAX New PerspectivePairCorr
  0.72RNPHX New PerspectivePairCorr
  0.72RNPGX New PerspectivePairCorr
  0.71RNPCX New PerspectivePairCorr
  0.72RNPFX New PerspectivePairCorr
  0.71RNPEX New PerspectivePairCorr
  0.99AMRMX American MutualPairCorr
  0.99AMRFX American MutualPairCorr
  1.0RNRPX American Funds RetirementPairCorr
  0.83AMUSX Us Government SecuritiesPairCorr
  0.89TEPAX American Funds TaxPairCorr
  0.9TEPFX American Funds TaxPairCorr
  0.72RNWFX New World FundPairCorr
  0.71RNWEX New World FundPairCorr
  0.71RNWHX New World FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMECX  0.37  0.04 (0.01) 0.17  0.39 
(0.41)
 0.86 
(0.75)
 2.69 
RNEBX  0.68 (0.01)(0.03) 0.10  0.82 
(0.71)
 1.50 
(1.54)
 4.46 
AMFCX  0.48  0.04  0.02  0.15  0.52 
(0.51)
 1.12 
(1.04)
 3.59 
AMFFX  0.49  0.04  0.02  0.16  0.53 
(0.52)
 1.12 
(1.05)
 3.59 
RNCCX  0.30  0.03 (0.07) 0.17  0.18 
(0.34)
 0.69 
(0.60)
 1.99 
FPPPX  0.13  0.04 (0.38)(0.63) 0.00 
(0.20)
 0.32 
(0.21)
 0.85 
AMEFX  0.37  0.04 (0.01) 0.18  0.40 
(0.41)
 0.86 
(0.79)
 2.65 
RNGGX  0.89 (0.08)(0.05) 0.04  1.28 
(0.90)
 1.91 
(2.65)
 5.63 
RNGFX  0.89 (0.08)(0.05) 0.04  1.29 
(0.87)
 1.90 
(2.64)
 5.65 
RNGHX  0.89 (0.08)(0.05) 0.04  1.28 
(0.89)
 1.92 
(2.65)
 5.62 

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