American Funds Correlations

FBOFX Fund

USD 11.25 0.07 0.63%

The current 90-days correlation between American Funds and Simt Real Estate is 0.11 (i.e., Average diversification). The correlation of American Funds 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 Funds Correlation With Market

Good diversification

The correlation between American Funds The and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds The and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in American Funds The. 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 census.

Moving together with American Mutual Fund

0.98	VBTLX	Vanguard Total Bond	Pair Corr
0.99	VBMFX	Vanguard Total Bond	Pair Corr
0.99	VBTIX	Vanguard Total Bond	Pair Corr
0.99	VTBSX	Vanguard Total Bond	Pair Corr
0.99	VTBIX	Vanguard Total Bond	Pair Corr
0.99	VTBNX	Vanguard Total Bond	Pair Corr
1.0	FFBOX	American Funds	Pair Corr
0.99	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
0.92	GPBFX	Gmo E Plus	Pair Corr

Related Correlations Analysis

	SEIRX	NRCFX	RRRZX	REPIX	DFREX	SRPIX	FORFX	FREEX
SEIRX		0.86	1.0	1.0	1.0	-0.86	0.24	0.99	SEIRX
NRCFX	0.86		0.89	0.84	0.87	-0.76	0.62	0.92	NRCFX
RRRZX	1.0	0.89		0.99	1.0	-0.86	0.27	1.0	RRRZX
REPIX	1.0	0.84	0.99		0.99	-0.86	0.18	0.98	REPIX
DFREX	1.0	0.87	1.0	0.99		-0.86	0.26	0.99	DFREX
SRPIX	-0.86	-0.76	-0.86	-0.86	-0.86		-0.27	-0.86	SRPIX
FORFX	0.24	0.62	0.27	0.18	0.26	-0.27		0.34	FORFX
FREEX	0.99	0.92	1.0	0.98	0.99	-0.86	0.34		FREEX
	SEIRX	NRCFX	RRRZX	REPIX	DFREX	SRPIX	FORFX	FREEX

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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

RRRZX	+ 1.0	SEIRX
REPIX	+ 1.0	SEIRX
DFREX	+ 1.0	SEIRX
DFREX	+ 1.0	RRRZX
FREEX	+ 1.0	RRRZX
FREEX	+ 0.99	SEIRX

High negative correlations

FREEX	- 0.86	SRPIX
SRPIX	- 0.86	DFREX
SRPIX	- 0.86	REPIX
SRPIX	- 0.86	RRRZX
SRPIX	- 0.86	SEIRX
SRPIX	- 0.76	NRCFX

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Funds 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 Funds' 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEIRX	1.04	(0.04)	0.00	(0.08)	0.00	0.00	1.90	(2.54)	8.48
NRCFX	0.92	0.02	0.02	0.00	1.45	(0.85)	1.57	(2.43)	7.16
RRRZX	1.03	(0.04)	0.00	(0.08)	0.00	0.00	1.93	(2.66)	8.20
REPIX	1.57	(0.06)	0.00	(0.08)	0.00	0.00	2.94	(3.92)	12.59
DFREX	1.04	(0.04)	0.00	(0.07)	0.00	0.00	1.88	(2.56)	8.40
SRPIX	1.06	0.05	0.05	0.35	1.38	(1.23)	2.55	(1.98)	10.28
FORFX	0.06	0.02	0.00	(3.49)	0.00	0.00	0.11	(0.11)	0.42
FREEX	1.01	(0.03)	0.00	(0.06)	0.00	0.00	1.80	(2.57)	8.09

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