American Balanced Correlations

Mutual Funds . USA . 
Fund . American Balanced Fund
CLBAX Fund  USD 34.29  0.08  0.23%   
The current 90-days correlation between American Balanced and Ab Small Cap is -0.08 (i.e., Good diversification). The correlation of American Balanced 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 Balanced Correlation With Market

Almost no diversification

The correlation between American Balanced Fund and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Balanced 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 Balanced 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 nation.

Moving together with American Mutual Fund

  0.8AMECX Income FundPairCorr
  0.77RNEBX New World FundPairCorr
  0.89AMFCX American MutualPairCorr
  0.89AMFFX American MutualPairCorr
  0.91RNCCX American Funds IncomePairCorr
  0.68AMEFX Income FundPairCorr
  0.94RNGGX New Economy FundPairCorr
  0.98RNGFX New Economy FundPairCorr
  0.98RNGHX New Economy FundPairCorr
  0.94RNGBX New Economy FundPairCorr
  0.94RNGAX New Economy FundPairCorr
  0.98RNGEX New Economy FundPairCorr
  0.94RNGCX New Economy FundPairCorr
  0.68TECCX Tax Exempt FundPairCorr
  0.8FPTPX American Funds ConsePairCorr
  0.67TEFEX Tax Exempt FundPairCorr
  0.98AMPCX Amcap Fund ClassPairCorr
  0.98AMPFX Amcap Fund ClassPairCorr
  0.98RNPBX New PerspectivePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.98RNPEX New PerspectivePairCorr
  0.98AMRMX American MutualPairCorr
  0.89AMRFX American MutualPairCorr
  0.76RNWHX New World FundPairCorr
  0.83RNWGX New World FundPairCorr

Moving against American Mutual Fund

  0.81FPPPX American Funds PresePairCorr
  0.69AMUSX Us Government SecuritiesPairCorr
  0.8CEAMX Short Term BondPairCorr
  0.8SBFFX Short Term BondPairCorr
  0.73ANBEX American Funds StrategicPairCorr
  0.73ANBAX American Funds StrategicPairCorr
  0.72ANBGX American Funds StrategicPairCorr
  0.72ANBCX 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 Balanced 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 Balanced'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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