American Century Correlations

Mutual Funds USA . 
Fund . American Century Focused
AFCGX Fund  USD 17.80  0.12  0.68%   
The current 90-days correlation between American Century Focused and Value Fund Investor is -0.12 (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

Very weak diversification

The correlation between American Century Focused and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Focused 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 Focused. 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 price.

Moving together with American Mutual Fund

  0.72CDBCX Diversified BondPairCorr
  0.62AMKIX Emerging MarketsPairCorr
  0.73TWACX Short Term GovernmentPairCorr
  0.68TWARX Short Term GovernmentPairCorr
  0.66TWAVX Short Term GovernmentPairCorr
  0.98TWGAX International GrowthPairCorr
  0.98TWIEX International GrowthPairCorr
  0.68TWUSX Short Term GovernmentPairCorr
  0.67TWUOX Short Term GovernmentPairCorr

Moving against American Mutual Fund

  0.58TWHIX Heritage Fund InvestorPairCorr
  0.49AMGIX Income GrowthPairCorr
  0.45AMEIX Equity GrowthPairCorr
  0.45TWADX Value Fund APairCorr
  0.44AMDVX Mid Cap ValuePairCorr
  0.44AMVYX Mid Cap ValuePairCorr
  0.44AMVGX Mid Cap ValuePairCorr
  0.43TWCCX Ultra Fund CPairCorr
  0.43TWCIX Select Fund InvestorPairCorr
  0.43AMVRX Mid Cap ValuePairCorr
  0.43TWCUX Ultra Fund InvestorPairCorr
  0.42TWCGX Growth Fund InvestorPairCorr
  0.4TWEAX Equity IncomePairCorr
  0.37TWEIX Equity IncomePairCorr
  0.36TWCAX Select Fund APairCorr
  0.36TWGIX Growth Fund IPairCorr
  0.35TWRCX Growth Fund CPairCorr
  0.5TWVLX Value Fund InvestorPairCorr
  0.44TWUIX Ultra Fund IPairCorr
  0.43TWUAX Ultra Fund APairCorr
  0.43ANONX Small Cap GrowthPairCorr
  0.43ANOGX Small Cap GrowthPairCorr
  0.43ANOHX American Century SmallPairCorr
  0.43ANODX Small Cap GrowthPairCorr
  0.43ANOYX Small Cap GrowthPairCorr
  0.42ANORX Small Cap GrowthPairCorr
  0.42ANOIX Small Cap GrowthPairCorr
  0.42ANOCX Small Cap GrowthPairCorr
  0.42ANOAX Small Cap GrowthPairCorr

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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