American Fds Correlations

Mutual Funds . USA . 
Fund . American Fds Smallcap
SCWCX Fund  USD 60.14  0.43  0.71%   
The current 90-days correlation between American Fds Smallcap and Ab Global Risk is -0.25 (i.e., Very good diversification). The correlation of American Fds 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 Fds Correlation With Market

Very good diversification

The correlation between American Fds Smallcap and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Fds Smallcap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in American Fds Smallcap. 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 goods.

Moving together with American Mutual Fund

  0.98AMECX Income FundPairCorr
  0.98RNEBX New World FundPairCorr
  0.89AMFCX American MutualPairCorr
  0.68AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.78FPPPX American Funds PresePairCorr
  0.97RNGGX New Economy FundPairCorr
  0.97RNGFX New Economy FundPairCorr
  0.97RNGHX New Economy FundPairCorr
  0.66RNGBX New Economy FundPairCorr
  0.66RNGAX New Economy FundPairCorr
  0.97RNGCX New Economy FundPairCorr
  0.71FPTPX American Funds ConsePairCorr
  0.98CDJAX American Funds CollegePairCorr
  0.96AMPCX Amcap Fund ClassPairCorr
  0.96AMPFX Amcap Fund ClassPairCorr
  0.7RNPBX New PerspectivePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.71RNPHX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.98RNPCX New PerspectivePairCorr
  0.97AMRMX American MutualPairCorr
  0.76AMUSX Us Government SecuritiesPairCorr
  0.71TEPCX American Funds TaxPairCorr
  0.69TEPAX American Funds TaxPairCorr
  0.7TEPFX American Funds TaxPairCorr
  0.98RNWEX New World FundPairCorr
  0.7RNWHX New World FundPairCorr
  0.98RNWGX New World FundPairCorr
  0.98RNWAX New World FundPairCorr
  0.98RNWCX New World FundPairCorr
  0.69CDWCX American Funds DevelopingPairCorr
  0.79ANBEX American Funds StrategicPairCorr
  0.66ANBGX American Funds StrategicPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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