American Funds Related Correlations

RCRPX Fund

USD 12.78 0.09 0.70%

Generate correlation matrix for American Funds and other related equities to check the degree to which American Funds Retirement price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for American Funds Retirement. To filter out specific equities, please toggle its corresponding legend item. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in American Funds Retirement. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

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Please note, there is a significant difference between American Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if American Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Funds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	IFAFX	CIBFX	CWGFX	GFAFX	NPFFX
IFAFX		0.99	0.88	0.9	0.92	IFAFX
CIBFX	0.99		0.92	0.88	0.9	CIBFX
CWGFX	0.88	0.92		0.88	0.91	CWGFX
GFAFX	0.9	0.88	0.88		0.99	GFAFX
NPFFX	0.92	0.9	0.91	0.99		NPFFX
	IFAFX	CIBFX	CWGFX	GFAFX	NPFFX

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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
IFAFX	0.35	0.00	(0.02)	0.06	0.43	(0.35)	0.71	(0.74)	2.48
CIBFX	0.36	(0.02)	(0.07)	0.02	0.50	(0.35)	0.76	(0.79)	2.63
CWGFX	0.51	0.03	0.03	0.08	0.50	(0.53)	1.02	(1.04)	3.37
GFAFX	0.73	0.08	0.10	0.12	0.70	(0.83)	1.50	(1.56)	4.28
NPFFX	0.57	0.05	0.07	0.10	0.54	(0.60)	1.18	(1.10)	3.72

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American Funds Related Correlations

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