AMERICAN HIGH Correlations

Mutual Funds . USA . 
Fund . American High Income
AHITX Fund  USD 9.86  -0.02  -0.20%   
Current 90-days correlation between American High Income and JPMorgan Diversified Fund is -0.07 (i.e., Good diversification).AMERICAN HIGH's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.

AMERICAN HIGH Market Correlation Overview

Very weak diversification

Across the chosen horizon, AHITX and DJI show a correlation of 0.44 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
  
Trending Equities provides context for diversified portfolio design. Broader allocation clarity strengthens diversification analysis. The allocation includes a position in American High Income inside the allocation mix. 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
  0.91AMFCX American MutualPairCorr
  0.91AMFFX American MutualPairCorr
  0.95AMHIX American High IncomePairCorr
  0.96TEBCX Tax Exempt BondPairCorr
  0.94TECCX Tax Exempt FundPairCorr
  0.95TECFX Tax Exempt FundPairCorr
  0.84AMUSX Us Government SecuritiesPairCorr
  0.97TEPCX American Funds TaxPairCorr
  0.97TEPAX American Funds TaxPairCorr
  0.97TEPFX American Funds TaxPairCorr
  0.91EMGEX Emerging Markets GrowthPairCorr
  0.85ANBEX American Funds StrategicPairCorr
  0.88ANBAX American Funds StrategicPairCorr
  0.82ANBCX American Funds StrategicPairCorr
  0.76ANCFX American FundsPairCorr
  0.91EMRGX Emerging Markets GrowthPairCorr
  0.74CWBFX Capital World BondPairCorr
  0.62CWBCX Capital World BondPairCorr
  0.71PGGAX American Funds GlobalPairCorr
  0.63PGGFX American Funds GlobalPairCorr
  0.87BALFX American BalancedPairCorr
  0.9BALCX American BalancedPairCorr
  0.87CWGIX Capital World GrowthPairCorr
  0.82CWGFX Capital World GrowthPairCorr
  0.82CWGCX Capital World GrowthPairCorr
  0.7WSHFX Washington MutualPairCorr
  0.78WSHCX Washington MutualPairCorr
  0.94FAATX American Funds 2010PairCorr
  0.86FAETX American Funds 2030PairCorr

Moving against AMERICAN Mutual Fund

  0.5AMPCX Amcap Fund ClassPairCorr
  0.48AMPFX Amcap Fund ClassPairCorr
  0.5GFACX Growth FundPairCorr
  0.48GFAFX Growth FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between AMERICAN Mutual Fund performing well and AMERICAN HIGH 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 HIGH'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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