Capital Income Correlations

Mutual Funds . USA . 
Fund . Capital Income Builder
CIREX Fund  USD 73.02  0.12  0.16%   
The current 90-days correlation between Capital Income Builder and Small Midcap Dividend Income is 0.7 (i.e., Poor diversification). The correlation of Capital Income 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 Income Correlation With Market

Poor diversification

The correlation between Capital Income Builder and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Income Builder 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 Capital Income Builder. 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 income.

Moving together with Capital Mutual Fund

  0.71AMECX Income FundPairCorr
  0.85RNEBX New World FundPairCorr
  0.64AMFCX American MutualPairCorr
  0.63AMFFX American MutualPairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.71AMEFX Income FundPairCorr
  0.88FPTPX American Funds ConsePairCorr
  0.65CDJAX American Funds CollegePairCorr
  0.76RNPBX New PerspectivePairCorr
  0.76RNPAX New PerspectivePairCorr
  0.74RNPHX New PerspectivePairCorr
  0.74RNPGX New PerspectivePairCorr
  0.75RNPCX New PerspectivePairCorr
  0.74RNPFX New PerspectivePairCorr
  0.74RNPEX New PerspectivePairCorr
  0.62AMRMX American MutualPairCorr
  0.62AMRFX American MutualPairCorr
  0.95RNRPX American Funds RetirementPairCorr
  0.85RNWFX New World FundPairCorr
  0.85RNWEX New World FundPairCorr
  0.85RNWGX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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