American Funds Correlations
| FWWNX Fund | USD 97.85 0.20 0.20% |
The current 90-days correlation between American Funds New and Great West Inflation Protected Securities is -0.01 (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
Poor diversification
The correlation between American Funds New and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds New and DJI in the same portfolio, assuming nothing else is changed.
American |
Moving together with American Mutual Fund
| 0.83 | RNEBX | New World Fund | PairCorr |
| 0.76 | RNGFX | New Economy Fund | PairCorr |
| 0.66 | FPTPX | American Funds Conse | PairCorr |
| 0.72 | RNNEX | New Economy Fund | PairCorr |
| 0.72 | RNPFX | New Perspective | PairCorr |
| 0.67 | RNRPX | American Funds Retirement | PairCorr |
| 0.83 | RNWGX | New World Fund | PairCorr |
| 0.72 | ANWFX | New Perspective | PairCorr |
| 0.75 | CWIFX | Capital World Growth | PairCorr |
| 0.64 | CEUFX | Europacific Growth | PairCorr |
| 0.7 | GWPEX | American Funds Growth | PairCorr |
| 0.74 | FAXTX | American Funds 2065 | PairCorr |
| 0.71 | FBAFX | American Funds American | PairCorr |
| 0.84 | CGNFX | American Funds Growth | PairCorr |
| 0.71 | FBONX | American Funds American | PairCorr |
| 0.7 | RRPPX | American Funds Retirement | PairCorr |
| 0.75 | FUEPX | American Funds Europ | PairCorr |
| 0.75 | FCWGX | American Funds Capital | PairCorr |
| 0.85 | FDFTX | American Funds 2035 | PairCorr |
| 0.79 | RBHEX | American Funds 2050 | PairCorr |
| 0.79 | RBHTX | American Funds 2045 | PairCorr |
| 0.93 | FWCGX | American Funds Capital | PairCorr |
| 0.75 | FEPUX | American Funds Europ | PairCorr |
| 0.73 | RCKTX | American Funds 2040 | PairCorr |
| 0.89 | RCPTX | American Funds 2065 | PairCorr |
Related Correlations Analysis
| 0.94 | 0.9 | 0.2 | 0.84 | 0.81 | MXIHX | ||
| 0.94 | 0.91 | 0.37 | 0.9 | 0.91 | TIIHX | ||
| 0.9 | 0.91 | 0.35 | 0.82 | 0.8 | APISX | ||
| 0.2 | 0.37 | 0.35 | 0.43 | 0.5 | PFRMX | ||
| 0.84 | 0.9 | 0.82 | 0.43 | 0.97 | FLIBX | ||
| 0.81 | 0.91 | 0.8 | 0.5 | 0.97 | NWXNX | ||
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MXIHX | 0.11 | (0.02) | 0.00 | (0.43) | 0.00 | 0.21 | 0.74 | |||
| TIIHX | 0.10 | (0.01) | 0.00 | (1.64) | 0.00 | 0.18 | 0.64 | |||
| APISX | 0.07 | (0.01) | 0.00 | (0.68) | 0.00 | 0.19 | 0.46 | |||
| PFRMX | 0.28 | 0.02 | (0.17) | 0.20 | 0.24 | 0.54 | 1.62 | |||
| FLIBX | 0.12 | (0.01) | 0.00 | (2.28) | 0.00 | 0.21 | 0.82 | |||
| NWXNX | 0.13 | (0.02) | 0.00 | (0.41) | 0.00 | 0.22 | 0.87 |