American Century Correlations

Mutual Funds . USA . 
Fund . American Century One
AABKX Fund  USD 11.08  0.01  0.09%   
The current 90-days correlation between American Century One and Vanguard Small Cap Value is -0.01 (i.e., Good diversification). The correlation of American Century 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 Century Correlation With Market

Modest diversification

The correlation between American Century One and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century One 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 American Century One. 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 bureau of economic analysis.

Moving together with American Mutual Fund

  0.76AMEIX Equity GrowthPairCorr
  0.84AMGIX Income GrowthPairCorr
  0.69AMKIX Emerging MarketsPairCorr
  0.62TWACX Short Term GovernmentPairCorr
  0.86TWADX Value Fund APairCorr
  0.62TWCCX Ultra Fund CPairCorr
  0.78TWCAX Select Fund APairCorr
  0.7TWCIX Select Fund InvestorPairCorr
  0.66TWCGX Growth Fund InvestorPairCorr
  0.83TWBIX Balanced Fund InvestorPairCorr
  0.72TWEAX Equity IncomePairCorr
  0.64TWEIX Equity IncomePairCorr
  0.63TWCUX Ultra Fund InvestorPairCorr
  0.66TWGIX Growth Fund IPairCorr
  0.69TWMIX Emerging MarketsPairCorr
  0.64TWRCX Growth Fund CPairCorr
  0.95TWSCX Strategic AllocationPairCorr
  0.93TWSAX Strategic AllocationPairCorr
  0.95TWSMX Strategic AllocationPairCorr
  0.71TWSIX Select Fund IPairCorr
  0.76TWVLX Value Fund InvestorPairCorr
  0.71TWUAX Ultra Fund APairCorr
  0.63TWUIX Ultra Fund IPairCorr
  0.81NPHIX High Income FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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