American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMFCX Fund  USD 59.43  0.21  0.35%   
The current 90-days correlation between American Mutual and T Rowe Price is -0.01 (i.e., Good diversification). The correlation of American Mutual 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 Mutual Correlation With Market

Significant diversification

The correlation between American Mutual Fund and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Mutual Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Mutual Fund. 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 main economic indicators.

Moving together with American Mutual Fund

  0.9AMECX Income FundPairCorr
  1.0AMFFX American MutualPairCorr
  0.76RNCCX American Funds IncomePairCorr
  0.9AMEFX Income FundPairCorr
  0.93RNGGX New Economy FundPairCorr
  0.88RNGFX New Economy FundPairCorr
  0.93RNGHX New Economy FundPairCorr
  0.88RNGBX New Economy FundPairCorr
  0.88RNGAX New Economy FundPairCorr
  0.88RNGEX New Economy FundPairCorr
  0.88RNGCX New Economy FundPairCorr
  0.87FPTPX American Funds ConsePairCorr
  0.93RNNEX New Economy FundPairCorr
  0.96CDJAX American Funds CollegePairCorr
  0.89AMPCX Amcap Fund ClassPairCorr
  0.89AMPFX Amcap Fund ClassPairCorr
  0.83RNPBX New PerspectivePairCorr
  0.83RNPAX New PerspectivePairCorr
  0.84RNPHX New PerspectivePairCorr
  0.84RNPGX New PerspectivePairCorr
  0.84RNPCX New PerspectivePairCorr
  0.84RNPFX New PerspectivePairCorr
  0.84RNPEX New PerspectivePairCorr
  0.92AMRMX American MutualPairCorr
  1.0AMRFX American MutualPairCorr
  0.75RNRPX American Funds RetirementPairCorr

Moving against American Mutual Fund

  0.36FPPPX American Funds PresePairCorr
  0.56AMUSX Us Government SecuritiesPairCorr
  0.54ANBEX American Funds StrategicPairCorr
  0.54ANBAX American Funds StrategicPairCorr
  0.54ANBCX American Funds StrategicPairCorr
  0.53ANBGX American Funds StrategicPairCorr
  0.53ANBFX American Funds StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Mutual 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 Mutual'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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