American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMFCX Fund  USD 56.29  0.90  1.62%   
The current 90-days correlation between American Mutual and Needham Aggressive Growth is -0.19 (i.e., Good diversification). The correlation of American Mutual 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 Mutual Correlation With Market

Good diversification

The correlation between American Mutual Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Mutual Fund 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 Mutual Fund. 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 main economic indicators.

Moving together with American Mutual Fund

  0.81AMECX Income FundPairCorr
  0.7RNEBX New World FundPairCorr
  1.0AMFFX American MutualPairCorr
  0.87RNCCX American Funds IncomePairCorr
  0.91AMEFX Income FundPairCorr
  0.94RNGGX New Economy FundPairCorr
  0.82RNGFX New Economy FundPairCorr
  0.82RNGHX New Economy FundPairCorr
  0.82RNGEX New Economy FundPairCorr
  0.68AMHIX American High IncomePairCorr
  0.67TECCX Tax Exempt FundPairCorr
  0.86FPTPX American Funds ConsePairCorr
  0.68TEFEX Tax Exempt FundPairCorr
  0.81CDJAX American Funds CollegePairCorr
  0.8AMPCX Amcap Fund ClassPairCorr
  0.8AMPFX Amcap Fund ClassPairCorr
  0.79RNPBX New PerspectivePairCorr
  0.79RNPAX New PerspectivePairCorr
  0.78RNPHX New PerspectivePairCorr
  0.78RNPGX New PerspectivePairCorr
  0.78RNPCX New PerspectivePairCorr
  0.78RNPFX New PerspectivePairCorr
  0.78RNPEX New PerspectivePairCorr
  0.89AMRMX American MutualPairCorr
  1.0AMRFX American MutualPairCorr
  0.61TEPCX American Funds TaxPairCorr
  0.83TEPFX American Funds TaxPairCorr
  0.69RNWFX New World FundPairCorr
  0.7RNWEX New World FundPairCorr
  0.69RNWHX New World FundPairCorr
  0.69RNWGX New World FundPairCorr
  0.7RNWBX New World FundPairCorr
  0.63CDWEX American Funds DevelopingPairCorr

Moving against American Mutual Fund

  0.48FPPPX American Funds PresePairCorr
  0.45ANBAX American Funds StrategicPairCorr
  0.41SBFFX Short Term BondPairCorr
  0.33ANBEX American Funds StrategicPairCorr
  0.33ANBFX American Funds StrategicPairCorr
  0.32ANBCX American Funds StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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