American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2045
AAHTX Fund  USD 23.52  0.03  0.13%   
The current 90-days correlation between American Funds 2045 and Large Cap Growth Profund is -0.13 (i.e., Good 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

Very poor diversification

The correlation between American Funds 2045 and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2045 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 Funds 2045. 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

  0.63AMECX Income FundPairCorr
  0.62AMFCX American MutualPairCorr
  0.62AMFFX American MutualPairCorr
  0.68RNCCX American Funds IncomePairCorr
  0.75FPPPX American Funds PresePairCorr
  0.63AMEFX Income FundPairCorr
  1.0RNGGX New Economy FundPairCorr
  1.0RNGFX New Economy FundPairCorr
  0.61RNGHX New Economy FundPairCorr
  1.0RNGBX New Economy FundPairCorr
  1.0RNGAX New Economy FundPairCorr
  0.9RNGEX New Economy FundPairCorr
  0.9RNGCX New Economy FundPairCorr
  0.67FPTPX American Funds ConsePairCorr
  1.0RNNEX New Economy FundPairCorr
  1.0CDJAX American Funds CollegePairCorr
  0.91AMPCX Amcap Fund ClassPairCorr
  0.99AMPFX Amcap Fund ClassPairCorr
  0.9RNPBX New PerspectivePairCorr
  0.99RNPAX New PerspectivePairCorr
  1.0RNPHX New PerspectivePairCorr
  1.0RNPGX New PerspectivePairCorr
  0.9RNPCX New PerspectivePairCorr
  1.0RNPFX New PerspectivePairCorr
  1.0RNPEX New PerspectivePairCorr
  0.99AMRMX American MutualPairCorr
  0.91AMRFX American MutualPairCorr
  0.99RNRPX American Funds RetirementPairCorr
  0.67AMUSX Us Government SecuritiesPairCorr
  0.67TEPCX American Funds TaxPairCorr
  0.97TEPAX American Funds TaxPairCorr
  0.68TEPFX American Funds TaxPairCorr

Moving against American Mutual Fund

  0.39TECCX Tax Exempt FundPairCorr

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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