American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Developing
CDWAX Fund  USD 12.87  0.17  1.34%   
The current 90-days correlation between American Funds Developing and Versatile Bond Portfolio is -0.14 (i.e., Good 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 Developing and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Developing 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 Funds Developing. 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

  0.97AMECX Income FundPairCorr
  0.99RNEBX New World FundPairCorr
  0.94AMFCX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.95RNCCX American Funds IncomePairCorr
  0.86FPPPX American Funds PresePairCorr
  0.95AMEFX Income FundPairCorr
  0.97RNGGX New Economy FundPairCorr
  0.95RNGFX New Economy FundPairCorr
  0.95RNGHX New Economy FundPairCorr
  0.94RNGBX New Economy FundPairCorr
  0.97RNGAX New Economy FundPairCorr
  0.95RNGEX New Economy FundPairCorr
  0.95RNGCX New Economy FundPairCorr
  0.95FPTPX American Funds ConsePairCorr
  0.95RNNEX New Economy FundPairCorr
  0.97CDJAX American Funds CollegePairCorr
  0.94AMPCX Amcap Fund ClassPairCorr
  0.94AMPFX Amcap Fund ClassPairCorr
  0.95RNPBX New PerspectivePairCorr
  0.95RNPAX New PerspectivePairCorr
  0.95RNPHX New PerspectivePairCorr
  0.95RNPGX New PerspectivePairCorr
  0.95RNPCX New PerspectivePairCorr
  0.95RNPFX New PerspectivePairCorr
  0.95RNPEX New PerspectivePairCorr
  0.95AMRMX American MutualPairCorr
  0.94AMRFX American MutualPairCorr
  0.95RNRPX American Funds RetirementPairCorr
  0.79AMUSX Us Government SecuritiesPairCorr
  0.91TEPCX American Funds TaxPairCorr
  0.9TEPAX American Funds TaxPairCorr
  0.91TEPFX American Funds TaxPairCorr
  0.96RNWFX New World FundPairCorr

Related Correlations Analysis


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.

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