American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMRMX Fund  USD 58.71  0.24  0.41%   
The current 90-days correlation between American Mutual and Goldman Sachs Small is 0.9 (i.e., Almost no 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 -0.06 (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 population.

Moving together with American Mutual Fund

  0.97AMECX Income FundPairCorr
  0.95RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  0.93RNCCX American Funds IncomePairCorr
  0.97AMEFX Income FundPairCorr
  0.97RNGGX New Economy FundPairCorr
  0.9RNGFX New Economy FundPairCorr
  0.97RNGHX New Economy FundPairCorr
  0.97RNGBX New Economy FundPairCorr
  0.97RNGAX New Economy FundPairCorr
  0.9RNGEX New Economy FundPairCorr
  0.97RNGCX New Economy FundPairCorr
  0.93FPTPX American Funds ConsePairCorr
  0.9RNNEX New Economy FundPairCorr
  0.97CDJAX American Funds CollegePairCorr
  0.89AMPCX Amcap Fund ClassPairCorr
  0.89AMPFX Amcap Fund ClassPairCorr
  0.9RNPBX New PerspectivePairCorr
  0.9RNPAX New PerspectivePairCorr
  0.89RNPHX New PerspectivePairCorr
  0.89RNPGX New PerspectivePairCorr
  0.9RNPCX New PerspectivePairCorr
  0.89RNPFX New PerspectivePairCorr
  0.89RNPEX New PerspectivePairCorr
  0.93AMRFX American MutualPairCorr
  0.92RNRPX American Funds RetirementPairCorr
  0.74TEPCX American Funds TaxPairCorr
  0.76TEPAX American Funds TaxPairCorr
  0.88TEPFX American Funds TaxPairCorr
  0.9RNWFX New World FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY