Capital Income Correlations

Mutual Funds . USA . 
Fund . Capital Income Builder
CIRCX Fund  USD 75.34  0.27  0.36%   
The current 90-days correlation between Capital Income Builder and Siit Ultra Short is -0.01 (i.e., Good diversification). The correlation of Capital Income 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.

Capital Income Correlation With Market

Good diversification

The correlation between Capital Income Builder and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Income Builder 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 Capital Income Builder. 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 Capital Mutual Fund

  1.0AMECX Income FundPairCorr
  0.99RNEBX New World FundPairCorr
  0.96AMFCX American MutualPairCorr
  0.97AMFFX American MutualPairCorr
  0.96RNCCX American Funds IncomePairCorr
  1.0AMEFX Income FundPairCorr
  0.97RNGGX New Economy FundPairCorr
  0.92RNGFX New Economy FundPairCorr
  0.97RNGHX New Economy FundPairCorr
  0.97RNGBX New Economy FundPairCorr
  0.97RNGAX New Economy FundPairCorr
  0.92RNGEX New Economy FundPairCorr
  0.99FPTPX American Funds ConsePairCorr
  0.97RNNEX New Economy FundPairCorr
  0.98CDJAX American Funds CollegePairCorr
  0.91AMPCX Amcap Fund ClassPairCorr
  0.91AMPFX Amcap Fund ClassPairCorr
  0.93RNPAX New PerspectivePairCorr
  0.98RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.98RNPCX New PerspectivePairCorr
  0.98RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.97AMRMX American MutualPairCorr
  0.92AMRFX American MutualPairCorr
  0.96RNRPX American Funds RetirementPairCorr
  0.71TEPCX American Funds TaxPairCorr
  0.76TEPAX American Funds TaxPairCorr
  0.87TEPFX American Funds TaxPairCorr
  0.98RNWFX New World FundPairCorr
  0.95RNWEX New World FundPairCorr
  0.98RNWHX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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