American Century Correlations

Mutual Funds . USA . 
Fund . American Century Global
ACIWX Fund   13.26  0.02  0.15%   
The current 90-days correlation between American Century Global and Templeton Growth Fund is 0.06 (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 Global and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Global 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 Global. 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 housing.

Moving together with American Mutual Fund

  0.88AMDVX Mid Cap ValuePairCorr
  0.84AMGIX Income GrowthPairCorr
  0.8CDBCX Diversified BondPairCorr
  0.88TWADX Value Fund APairCorr
  0.64TWCCX Ultra Fund CPairCorr
  0.65TWCGX Growth Fund InvestorPairCorr
  0.88AMVYX Mid Cap ValuePairCorr
  0.87AMVRX Mid Cap ValuePairCorr
  0.62TWBIX Balanced Fund InvestorPairCorr
  0.87AMVGX Mid Cap ValuePairCorr
  0.89TWEAX Equity IncomePairCorr
  0.89TWEIX Equity IncomePairCorr
  0.64TWGIX Growth Fund IPairCorr
  0.87TWGGX Global GrowthPairCorr
  0.85TWHIX Heritage Fund InvestorPairCorr
  0.7TWRCX Growth Fund CPairCorr
  0.82TWTCX Intermediate Term TaxPairCorr
  0.71TWTIX Intermediate Term TaxPairCorr
  0.85TWSCX Strategic AllocationPairCorr
  0.89TWSAX Strategic AllocationPairCorr
  0.91TWSMX Strategic AllocationPairCorr
  0.88TWVLX Value Fund InvestorPairCorr
  0.78TWWOX Intermediate Term TaxPairCorr

Related Correlations Analysis

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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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