American High Correlations

AHTFX Fund

USD 9.75 -0.03 -0.31%

A high positive correlation means the stock tends to rise and fall in tandem with the paired instrument. Current 90-days correlation between American High Income and International Growth And is 0.45 (i.e., Weak diversification).

Market Correlation Profile: American High

Weak diversification

The correlation between American High and Dow Jones is 0.54, which Macroaxis classifies as Weak diversification for the selected horizon. A 0.54 reading means American High and Dow Jones have partial price overlap, offering some diversification benefit.

Use Trending Equities to better understand diversified portfolio construction. Position sizing and allocation together define the portfolio construction approach. The allocation shows a weighting toward American High Income. The sizing of each position reflects the overall allocation strategy. 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 price.

Moving together with American Mutual Fund

0.93	AMECX	Income Fund	Pair Corr
0.93	AMFCX	American Mutual	Pair Corr
0.94	AMFFX	American Mutual	Pair Corr
0.88	AMHIX	American High Income	Pair Corr
0.93	TEBCX	Tax Exempt Bond	Pair Corr
0.92	TECFX	Tax Exempt Fund	Pair Corr
0.82	AMRMX	American Mutual	Pair Corr
0.82	AMUSX	Us Government Securities	Pair Corr
0.89	TEPAX	American Funds Tax	Pair Corr
0.89	TEPFX	American Funds Tax	Pair Corr
0.89	EMGEX	Emerging Markets Growth	Pair Corr
0.82	ANBEX	American Funds Strategic	Pair Corr
0.82	ANBAX	American Funds Strategic	Pair Corr
0.8	ANBCX	American Funds Strategic	Pair Corr
0.75	ANCFX	American Funds	Pair Corr
0.89	EMRGX	Emerging Markets Growth	Pair Corr
0.7	CWBFX	Capital World Bond	Pair Corr
0.66	CWBCX	Capital World Bond	Pair Corr
0.69	PGGAX	American Funds Global	Pair Corr
0.68	PGGFX	American Funds Global	Pair Corr
0.9	BALFX	American Balanced	Pair Corr
0.89	BALCX	American Balanced	Pair Corr
0.85	CWGIX	Capital World Growth	Pair Corr
0.85	CWGFX	Capital World Growth	Pair Corr
0.73	WSHFX	Washington Mutual	Pair Corr
0.71	WSHCX	Washington Mutual	Pair Corr
0.89	FAETX	American Funds 2030	Pair Corr
0.69	WBFFX	Capital World Bond	Pair Corr
0.95	FAFWX	American Funds Retirement	Pair Corr
0.75	FAITX	American Funds 2050	Pair Corr
0.73	FAJTX	American Funds 2055	Pair Corr
0.96	FAKTX	American Funds 2015	Pair Corr
0.95	FAOTX	American Funds 2020	Pair Corr
0.84	FAQTX	American Funds 2035	Pair Corr
0.94	FAPTX	American Funds 2025	Pair Corr

Related Correlations Analysis

	PRFDX	TIBIX	TIBMX	TIBCX	TIBGX	TIBAX	TIBRX	MIAWX	GAIFX	IGIFX
PRFDX		0.76	0.76	0.76	0.75	0.76	0.76	0.92	0.88	0.95	PRFDX
TIBIX	0.76		1.0	1.0	1.0	1.0	1.0	0.67	0.47	0.83	TIBIX
TIBMX	0.76	1.0		1.0	1.0	1.0	1.0	0.67	0.47	0.83	TIBMX
TIBCX	0.76	1.0	1.0		1.0	1.0	1.0	0.67	0.47	0.83	TIBCX
TIBGX	0.75	1.0	1.0	1.0		1.0	1.0	0.67	0.47	0.83	TIBGX
TIBAX	0.76	1.0	1.0	1.0	1.0		1.0	0.67	0.47	0.83	TIBAX
TIBRX	0.76	1.0	1.0	1.0	1.0	1.0		0.67	0.47	0.83	TIBRX
MIAWX	0.92	0.67	0.67	0.67	0.67	0.67	0.67		0.84	0.86	MIAWX
GAIFX	0.88	0.47	0.47	0.47	0.47	0.47	0.47	0.84		0.85	GAIFX
IGIFX	0.95	0.83	0.83	0.83	0.83	0.83	0.83	0.86	0.85		IGIFX
	PRFDX	TIBIX	TIBMX	TIBCX	TIBGX	TIBAX	TIBRX	MIAWX	GAIFX	IGIFX

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Risk-Adjusted Indicators

American High Mutual Fund may look attractive on headline returns alone, but deeper analysis often tells a different story. A thorough review of American High's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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
PRFDX	0.53	0.06	0.00	-0.02	0.00	0.00	1.03	-1.28	3.22
TIBIX	0.49	0.18	0.36	0.35	0.44	-0.57	1.20	-0.82	3.89
TIBMX	0.49	0.18	0.36	0.35	0.44	-0.57	1.20	-0.82	3.87
TIBCX	0.48	0.18	0.35	0.34	0.44	-0.55	1.17	-0.83	3.62
TIBGX	0.48	0.18	0.35	0.34	0.44	-0.55	1.18	-0.80	3.77
TIBAX	0.48	0.18	0.36	0.34	0.45	-0.55	1.17	-0.83	3.81
TIBRX	0.49	0.18	0.34	0.34	0.43	-0.56	1.21	-0.80	3.74
MIAWX	0.13	-0.01	0.00	-0.30	0.00	0.00	0.32	-0.32	1.06
GAIFX	0.50	0.02	0.00	-0.06	0.00	0.00	0.79	-1.40	3.22
IGIFX	0.69	0.08	0.09	0.00	1.11	-0.65	1.27	-1.64	5.35

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American High Correlations

Market Correlation Profile: American High

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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