American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Retirement
FBFWX Fund  USD 12.52  0.20  1.57%   
The current 90-days correlation between American Funds Retirement and American Funds Retirement 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

Modest diversification

The correlation between American Funds Retirement and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Retirement 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 Retirement. 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 housing.

Moving together with American Mutual Fund

  0.72AMECX Income FundPairCorr
  0.72AMFCX American MutualPairCorr
  0.72AMFFX American MutualPairCorr
  0.97RNCCX American Funds IncomePairCorr
  0.72AMEFX Income FundPairCorr
  0.66RNGFX New Economy FundPairCorr
  0.68RNGBX New Economy FundPairCorr
  0.68RNGAX New Economy FundPairCorr
  0.66RNGEX New Economy FundPairCorr
  0.67RNGCX New Economy FundPairCorr
  0.65AMHIX American High IncomePairCorr
  0.63TEBCX Tax Exempt BondPairCorr
  0.67TECCX Tax Exempt FundPairCorr
  0.65TEAFX Tax Exempt BondPairCorr
  0.82FPTPX American Funds ConsePairCorr
  0.63TECFX Tax Exempt FundPairCorr
  0.66TEFEX Tax Exempt FundPairCorr
  0.67RNNEX New Economy FundPairCorr
  0.63AMPCX Amcap Fund ClassPairCorr
  0.77RNPBX New PerspectivePairCorr
  0.77RNPAX New PerspectivePairCorr
  0.75RNPHX New PerspectivePairCorr
  0.75RNPGX New PerspectivePairCorr
  0.76RNPCX New PerspectivePairCorr
  0.75RNPFX New PerspectivePairCorr
  0.76RNPEX New PerspectivePairCorr
  0.73AMRMX American MutualPairCorr
  0.72AMRFX American MutualPairCorr
  1.0RNRPX American Funds RetirementPairCorr
  0.72AMUSX Us Government SecuritiesPairCorr
  0.75TEPCX American Funds TaxPairCorr
  0.74TEPAX American Funds TaxPairCorr
  0.74TEPFX American Funds TaxPairCorr

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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