Capital Income Correlations

Mutual Funds . USA . 
Fund . Capital Income Builder
CIRCX Fund  USD 75.89  0.55  0.73%   
The current 90-days correlation between Capital Income Builder and Growth Fund Of is -0.1 (i.e., Good diversification). The correlation of Capital Income 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.

Capital Income Correlation With Market

Good diversification

The correlation between Capital Income Builder 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 Capital Income Builder 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 Capital Income Builder. 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 Capital Mutual Fund

  1.0AMECX Income FundPairCorr
  0.99RNEBX New World FundPairCorr
  0.93AMFCX American MutualPairCorr
  0.93AMFFX American MutualPairCorr
  0.94RNCCX American Funds IncomePairCorr
  1.0AMEFX Income FundPairCorr
  0.9RNGGX 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
  0.89FPTPX American Funds ConsePairCorr
  0.9RNNEX New Economy FundPairCorr
  0.98CDJAX American Funds CollegePairCorr
  0.89AMPCX Amcap Fund ClassPairCorr
  0.97AMPFX Amcap Fund ClassPairCorr
  0.91RNPAX New PerspectivePairCorr
  0.91RNPHX New PerspectivePairCorr
  0.91RNPGX New PerspectivePairCorr
  0.91RNPCX New PerspectivePairCorr
  0.91RNPFX New PerspectivePairCorr
  0.98RNPEX New PerspectivePairCorr
  0.91AMRMX American MutualPairCorr
  0.97AMRFX American MutualPairCorr
  0.94RNRPX American Funds RetirementPairCorr
  0.73TEPCX American Funds TaxPairCorr
  0.86TEPAX American Funds TaxPairCorr
  0.86TEPFX American Funds TaxPairCorr
  0.93RNWFX New World FundPairCorr
  0.99RNWEX New World FundPairCorr
  0.98RNWHX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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