Capital Income Correlations

CIREX Fund

USD 80.92 0.61 0.75%

The current 90-days correlation between Capital Income Builder and Dws Emerging Markets is 0.02 (i.e., Significant 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

Average diversification

The correlation between Capital Income Builder and DJI is 0.14 (i.e., Average 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 services.

Moving together with Capital Mutual Fund

1.0	CIBCX	Capital Income Builder	Pair Corr
0.87	CIBFX	Capital Income Builder	Pair Corr
0.7	CAIBX	Capital Income Builder	Pair Corr
1.0	RIRAX	Capital Income Builder	Pair Corr
1.0	RIREX	Capital Income Builder	Pair Corr
1.0	RIRCX	Capital Income Builder	Pair Corr
1.0	RIRFX	Capital Income Builder	Pair Corr
0.87	CIRCX	Capital Income Builder	Pair Corr
1.0	RIRBX	Capital Income Builder	Pair Corr
0.71	FLRYX	Nuveen Large Cap	Pair Corr
0.66	SPGRX	Deutsche Multi Asset	Pair Corr
0.79	ISIPX	Voya Stock Index	Pair Corr
0.62	VFINX	Vanguard 500 Index	Pair Corr
0.85	MKLOX	Blackrock Global All	Pair Corr
0.76	ENGLX	Cboe Vest Sp	Pair Corr
0.69	ICFAX	Icon Financial	Pair Corr

Related Correlations Analysis

	SEKRX	DEDCX	RYCVX	PCEMX	SEDIX	SAEMX
SEKRX		0.56	0.67	0.83	0.44	0.82	SEKRX
DEDCX	0.56		0.74	0.67	0.72	0.72	DEDCX
RYCVX	0.67	0.74		0.82	0.76	0.77	RYCVX
PCEMX	0.83	0.67	0.82		0.65	0.92	PCEMX
SEDIX	0.44	0.72	0.76	0.65		0.72	SEDIX
SAEMX	0.82	0.72	0.77	0.92	0.72		SAEMX
	SEKRX	DEDCX	RYCVX	PCEMX	SEDIX	SAEMX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEKRX	0.78	0.10	0.03	2.12	1.04	(0.77)	1.54	(1.20)	5.48
DEDCX	0.08	0.00	(0.38)	0.10	0.00	(0.14)	0.13	(0.13)	0.38
RYCVX	1.07	0.00	0.04	0.07	1.35	(1.13)	2.38	(2.12)	5.92
PCEMX	0.65	0.05	0.02	0.14	0.89	(0.75)	1.61	(1.36)	5.32
SEDIX	0.08	0.00	(0.52)	0.03	0.00	(0.13)	0.21	(0.10)	0.42
SAEMX	0.55	0.07	0.01	0.69	0.65	(0.61)	1.13	(1.25)	3.90

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Capital Income Correlations

Capital Income Correlation With Market

Average diversification

Moving together with Capital Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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