American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Inflation
RILFX Fund  USD 9.47  0.02  0.21%   
The current 90-days correlation between American Funds Inflation and Angel Oak Multi Strategy is 0.47 (i.e., Very weak 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

Significant diversification

The correlation between American Funds Inflation and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Inflation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in American Funds Inflation. 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 census.

Moving together with American Mutual Fund

  0.97FPPPX American Funds PresePairCorr
  0.62AMHIX American High IncomePairCorr
  0.74TEBCX Tax Exempt BondPairCorr
  0.78TECCX Tax Exempt FundPairCorr
  0.67TEAFX Tax Exempt BondPairCorr
  0.74TECFX Tax Exempt FundPairCorr
  0.72TEFEX Tax Exempt FundPairCorr
  0.92AMUSX Us Government SecuritiesPairCorr
  0.79TEPCX American Funds TaxPairCorr
  0.72TEPAX American Funds TaxPairCorr
  0.71TEPFX American Funds TaxPairCorr

Moving against American Mutual Fund

  0.42RNGGX New Economy FundPairCorr
  0.42RNGFX New Economy FundPairCorr
  0.42RNGHX New Economy FundPairCorr
  0.42RNGEX New Economy FundPairCorr
  0.41RNGBX New Economy FundPairCorr
  0.41RNGAX New Economy FundPairCorr
  0.41RNGCX New Economy FundPairCorr
  0.41RNNEX New Economy FundPairCorr
  0.41AMPFX Amcap Fund ClassPairCorr
  0.4AMPCX Amcap Fund ClassPairCorr
  0.44ANCFX American Funds FundaPairCorr
  0.42ANEFX New Economy FundPairCorr
  0.42ANFFX New Economy FundPairCorr
  0.41ANFCX New Economy FundPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together 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   
REMVX
+ 0.99
TEOJX
TEOJX
+ 0.97
PCEMX
REMVX
+ 0.95
PCEMX
CMERX
+ 0.65
ANGCX
BOGSX
+ 0.52
PCEMX
REMVX
+ 0.44
CMERX
  
High negative correlations   
BOGSX
- 0.64
ANGCX
BOGSX
- 0.21
CMERX
PCEMX
- 0.08
ANGCX

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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