Amcap Fund Correlations

Mutual Funds . USA . 
Fund . Amcap Fund Class
AMPCX Fund  USD 35.50  0.11  0.31%   
The correlation of Amcap Fund 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.

Amcap Fund Correlation With Market

Good diversification

The correlation between Amcap Fund Class and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amcap Fund Class 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 Amcap Fund Class. 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 Amcap Mutual Fund

  0.88FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  0.88GFAFX Growth FundPairCorr
  0.88AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  0.88CGFCX Growth FundPairCorr
  0.88CGFAX Growth FundPairCorr
  0.88CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.87VSTSX Vanguard Total StockPairCorr
  0.87VSMPX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.87VFFSX Vanguard 500 IndexPairCorr
  0.87VFIAX Vanguard 500 IndexPairCorr
  0.83VTISX Vanguard Total InterPairCorr
  0.83VTSNX Vanguard Total InterPairCorr
  0.98VTPSX Vanguard Total InterPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.83MAUKX Pioneer Multi AssetPairCorr
  0.87CVLOX Calamos Global GrowthPairCorr
  0.63JPM JPMorgan Chase Sell-off TrendPairCorr

Moving against Amcap Mutual Fund

  0.58MCD McDonaldsPairCorr
  0.32VZ Verizon Communications Aggressive PushPairCorr
  0.31HPQ HP IncPairCorr

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   
FMFXX
+ 1.0
PFCXX
VMRXX
+ 1.0
PFCXX
PCSXX
+ 1.0
PFCXX
VMRXX
+ 1.0
FMFXX
PCSXX
+ 1.0
FMFXX
PBMXX
+ 1.0
IVMXX
  
High negative correlations   
PBMXX
- 0.0
HUCXX
PCSXX
- 0.0
HUCXX
VMRXX
- 0.0
HUCXX
IVMXX
- 0.0
HUCXX
FMFXX
- 0.0
HUCXX
PFCXX
- 0.0
HUCXX

Risk-Adjusted Indicators

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