American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2025
FAPTX Fund  USD 16.05  0.01  0.06%   
The current 90-days correlation between American Funds 2025 and American Funds 2030 is 0.98 (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

Poor diversification

The correlation between American Funds 2025 and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2025 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 2025. 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 estimate.

Moving together with American Mutual Fund

  0.8AMECX Income FundPairCorr
  0.63RNEBX New World FundPairCorr
  0.66AMFCX American MutualPairCorr
  0.65AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.62RNGFX New Economy FundPairCorr
  0.63RNGBX New Economy FundPairCorr
  0.62RNGEX New Economy FundPairCorr
  0.63RNGCX New Economy FundPairCorr
  0.88FPTPX American Funds ConsePairCorr
  0.63AMPFX Amcap Fund ClassPairCorr
  0.84RNPBX New PerspectivePairCorr
  0.84RNPAX New PerspectivePairCorr
  0.83RNPHX New PerspectivePairCorr
  0.83RNPGX New PerspectivePairCorr
  0.83RNPCX New PerspectivePairCorr
  0.83RNPFX New PerspectivePairCorr
  0.74AMRMX American MutualPairCorr
  0.74AMRFX American MutualPairCorr
  0.9RNRPX American Funds RetirementPairCorr
  0.71RNWFX New World FundPairCorr
  0.71RNWEX New World FundPairCorr
  0.71RNWHX New World FundPairCorr
  0.71RNWGX New World FundPairCorr
  0.71RNWAX New World FundPairCorr
  0.71RNWCX New World FundPairCorr
  0.66CDWEX American Funds DevelopingPairCorr

Related Correlations Analysis

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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.

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