Amcap Fund Correlations

Mutual Funds . USA . 
Fund . Amcap Fund Class
AMPCX Fund  USD 34.88  0.15  0.43%   
The current 90-days correlation between Amcap Fund Class and Transamerica International Small is -0.11 (i.e., Good diversification). The correlation of Amcap Fund 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.

Amcap Fund Correlation With Market

Significant diversification

The correlation between Amcap Fund Class and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amcap Fund Class 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 Amcap Fund Class. 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 Amcap Mutual Fund

  0.99AMECX Income FundPairCorr
  0.64AMFCX American MutualPairCorr
  0.64AMFFX American MutualPairCorr
  0.99RNCCX American Funds IncomePairCorr
  1.0RNGHX New Economy FundPairCorr
  1.0RNGAX New Economy FundPairCorr
  1.0RNGEX New Economy FundPairCorr
  0.83AMHIX American High IncomePairCorr
  0.68TEBCX Tax Exempt BondPairCorr
  0.79TEAFX Tax Exempt BondPairCorr
  0.61FPTPX American Funds ConsePairCorr
  0.7TEFEX Tax Exempt FundPairCorr
  1.0CDJAX American Funds CollegePairCorr
  0.99RNPBX New PerspectivePairCorr
  0.99RNPAX New PerspectivePairCorr
  0.99RNPGX New PerspectivePairCorr
  0.99RNPFX New PerspectivePairCorr
  0.99AMRMX American MutualPairCorr
  0.99AMRFX American MutualPairCorr
  0.96TEPAX American Funds TaxPairCorr
  0.72TEPFX American Funds TaxPairCorr
  0.99RNWGX New World FundPairCorr
  0.99CDWFX American Funds DevelopingPairCorr
  0.99ANCFX American Funds FundaPairCorr
  1.0ANFCX New Economy FundPairCorr
  1.0ANEFX New Economy FundPairCorr
  1.0ANFFX New Economy FundPairCorr
  0.7CEAMX Short Term BondPairCorr
  0.99NPFCX New PerspectivePairCorr
  0.99NPFFX New PerspectivePairCorr
  0.8TFEBX Tax Exempt BondPairCorr
  0.78SBFFX Short Term BondPairCorr
  1.0DITFX American Funds 2050PairCorr
  0.91CENAX American Funds LegePairCorr
  0.99ANWPX New PerspectivePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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