AMERICAN FUNDS Correlations

Mutual Funds USA . 
Fund . AMERICAN FUNDS 2010
RFTTX Fund  USD 11.10  0.02  0.18%   
The correlation of AMERICAN FUNDS is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AMERICAN FUNDS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMERICAN FUNDS 2010 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in AMERICAN FUNDS 2010. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as various price indices.
  
The ability to find closely correlated positions to AMERICAN FUNDS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMERICAN FUNDS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AMERICAN FUNDS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AMERICAN FUNDS 2010 to buy it.

Moving together with AMERICAN Mutual Fund

+0.92FFFCXFIDELITY FREEDOM 2010PairCorr
+0.96RBATXAMERICAN FUNDS 2010PairCorr
+0.96REATXAMERICAN FUNDS 2010PairCorr
+0.96AAATXAMERICAN FUNDS 2010PairCorr
+0.96RCATXAMERICAN FUNDS 2010PairCorr
+0.96RDATXAMERICAN FUNDS 2010PairCorr
+1.0FAATXAMERICAN FUNDS 2010PairCorr
+0.92FOTKXFIDELITY FREEDOM 2010PairCorr
+0.96RHATXAMERICAN FUNDS 2010PairCorr

Related Correlations

REJTX
AMDIX
AMFCX
AMFFX
RNCCX
AMFBX
REITX
IKSTX
IKTEX
REJTX
0.00.860.870.980.00.820.610.0
REJTX
AMDIX
0.00.00.00.00.00.00.00.0
AMDIX
AMFCX
0.860.01.00.910.00.740.470.0
AMFCX
AMFFX
0.870.01.00.910.00.750.460.0
AMFFX
RNCCX
0.980.00.910.910.00.810.610.0
RNCCX
AMFBX
0.00.00.00.00.00.00.00.0
AMFBX
REITX
0.820.00.740.750.810.00.170.0
REITX
IKSTX
0.610.00.470.460.610.00.170.0
IKSTX
IKTEX
0.00.00.00.00.00.00.00.0
IKTEX
REJTX
AMDIX
AMFCX
AMFFX
RNCCX
AMFBX
REITX
IKSTX
IKTEX
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AMFFX
+ 1.0
AMFCX
RNCCX
+ 0.98
REJTX
RNCCX
+ 0.91
AMFCX
RNCCX
+ 0.91
AMFFX
AMFFX
+ 0.87
REJTX
AMFCX
+ 0.86
REJTX
  
High negative correlations   
IKTEX
- 0.0
IKSTX
IKTEX
- 0.0
REITX
IKTEX
- 0.0
AMFBX
IKSTX
- 0.0
AMFBX
REITX
- 0.0
AMFBX
IKTEX
- 0.0
RNCCX

Risk-Adjusted Indicators

Nowadays, there is a big difference between AMERICAN Mutual Fund performing well and AMERICAN FUNDS Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze AMERICAN FUNDS's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
REJTX 0.23  0.03  0.12  0.18  0.11  0.12 (0.29)  0.51 (0.42)  1.21 
AMDIX 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
AMFCX 0.54  0.02  0.03 (11.18)  0.68  0.0353 (0.52)  1.11 (1.18)  2.70 
AMFFX 0.54  0.03  0.03 (10.02)  0.73  0.0388 (0.51)  1.12 (1.21)  2.69 
RNCCX 0.26  0.02  0.07  0.08  0.23  0.07 (0.31)  0.57 (0.57)  1.39 
AMFBX 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
REITX 0.55  0.07  0.11  0.10  0.53  0.1 (0.61)  1.28 (1.16)  2.64 
IKSTX 0.17  0.01  0.02  0.09  0.18  0.0236 (0.22)  0.40 (0.39)  1.19 
IKTEX 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 

Be your own money manager

Our tools can tell you how much better you can do entering a position in AMERICAN FUNDS without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in AMERICAN FUNDS 2010?

The danger of trading AMERICAN FUNDS 2010 is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of AMERICAN FUNDS is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than AMERICAN FUNDS. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AMERICAN FUNDS 2010 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in AMERICAN FUNDS 2010. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running AMERICAN FUNDS's price analysis, check to measure AMERICAN FUNDS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AMERICAN FUNDS is operating at the current time. Most of AMERICAN FUNDS's value examination focuses on studying past and present price action to predict the probability of AMERICAN FUNDS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMERICAN FUNDS's price. Additionally, you may evaluate how the addition of AMERICAN FUNDS to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between AMERICAN FUNDS's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMERICAN FUNDS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMERICAN FUNDS's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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