American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMRMX Fund  USD 62.32  0.33  0.53%   
The current 90-days correlation between American Mutual and Old Westbury Municipal is 0.01 (i.e., Significant 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 -0.09 (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 industry.

Moving together with American Mutual Fund

  0.96AMECX Income FundPairCorr
  0.89RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.77FPPPX American Funds PresePairCorr
  0.9AMEFX Income FundPairCorr
  0.93RNGGX New Economy FundPairCorr
  0.91RNGFX New Economy FundPairCorr
  0.9RNGHX New Economy FundPairCorr
  0.9RNGBX New Economy FundPairCorr
  0.9RNGAX New Economy FundPairCorr
  0.9RNGEX New Economy FundPairCorr
  0.9RNGCX New Economy FundPairCorr
  0.76AMHIX American High IncomePairCorr
  0.79TEBCX Tax Exempt BondPairCorr
  0.79TECCX Tax Exempt FundPairCorr
  0.79TEAFX Tax Exempt BondPairCorr
  0.9FPTPX American Funds ConsePairCorr
  0.79TECFX Tax Exempt FundPairCorr
  0.79TEFEX Tax Exempt FundPairCorr
  0.9RNNEX New Economy FundPairCorr
  0.97CDJAX American Funds CollegePairCorr
  0.92AMPCX Amcap Fund ClassPairCorr
  0.92AMPFX Amcap Fund ClassPairCorr
  0.91RNPBX New PerspectivePairCorr
  0.91RNPAX New PerspectivePairCorr
  0.91RNPHX New PerspectivePairCorr
  0.92RNPGX New PerspectivePairCorr
  0.91RNPCX New PerspectivePairCorr
  0.92RNPFX New PerspectivePairCorr
  0.91RNPEX New PerspectivePairCorr
  0.94AMRFX American MutualPairCorr
  0.9RNRPX American Funds RetirementPairCorr
  0.76AMUSX Us Government SecuritiesPairCorr
  0.87TEPCX American Funds TaxPairCorr
  0.88TEPAX American Funds TaxPairCorr
  0.87TEPFX American Funds TaxPairCorr
  0.9RNWFX New World FundPairCorr

Related Correlations Analysis


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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