American Century Correlations

Mutual Funds . USA . 
Fund . American Century Mid
ACIPX Fund  USD 16.07  0.08  0.50%   
The current 90-days correlation between American Century Mid and Virtus Seix Government is 0.07 (i.e., Significant 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

Good diversification

The correlation between American Century Mid and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Mid 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 Mid. 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 american community survey.

Moving together with American Mutual Fund

  0.97AMDVX Mid Cap ValuePairCorr
  0.85AMGIX Income GrowthPairCorr
  0.73CDBCX Diversified BondPairCorr
  0.97TWADX Value Fund APairCorr
  0.77TWCCX Ultra Fund CPairCorr
  0.67TWCAX Select Fund APairCorr
  0.64TWCIX Select Fund InvestorPairCorr
  0.75TWCGX Growth Fund InvestorPairCorr
  0.97AMVYX Mid Cap ValuePairCorr
  0.97AMVRX Mid Cap ValuePairCorr
  0.97AMVGX Mid Cap ValuePairCorr
  0.97TWEAX Equity IncomePairCorr
  0.97TWEIX Equity IncomePairCorr
  0.64TWCUX Ultra Fund InvestorPairCorr
  0.74TWGIX Growth Fund IPairCorr
  0.95TWGGX Global GrowthPairCorr
  0.94TWHIX Heritage Fund InvestorPairCorr
  0.82TWRCX Growth Fund CPairCorr
  0.76TWTCX Intermediate Term TaxPairCorr
  0.62TWTIX Intermediate Term TaxPairCorr
  0.91TWSCX Strategic AllocationPairCorr
  0.94TWSAX Strategic AllocationPairCorr
  0.92TWSMX Strategic AllocationPairCorr
  0.62TWSIX Select Fund IPairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  0.67TWUAX Ultra Fund APairCorr
  0.61TWUIX Ultra Fund IPairCorr
  0.68TWWOX Intermediate Term TaxPairCorr

Moving against American Mutual Fund

  0.37TWAVX Short Term GovernmentPairCorr
  0.36TWARX Short Term GovernmentPairCorr
  0.32TWACX Short Term GovernmentPairCorr
  0.37TWUSX Short Term GovernmentPairCorr
  0.41TWUOX Short Term GovernmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY