American Century Correlations

Mutual Funds . USA . 
Fund . American Century Non Us
ANVRX Fund  USD 9.16  0.01  0.11%   
The current 90-days correlation between American Century Non and Gabelli Convertible And is -0.08 (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 Non Us and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Non Us 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 Non Us. 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 metropolitan statistical area.

Moving together with American Mutual Fund

  0.76CDBCX Diversified BondPairCorr
  0.93TWGAX International GrowthPairCorr
  0.93TWIEX International GrowthPairCorr

Moving against American Mutual Fund

  0.68AMEIX Equity GrowthPairCorr
  0.65TWCCX Ultra Fund CPairCorr
  0.64AMGIX Income GrowthPairCorr
  0.63TWCIX Select Fund InvestorPairCorr
  0.6TWCGX Growth Fund InvestorPairCorr
  0.59TWADX Value Fund APairCorr
  0.58TWCAX Select Fund APairCorr
  0.52AMDVX Mid Cap ValuePairCorr
  0.47AMVYX Mid Cap ValuePairCorr
  0.47AMVGX Mid Cap ValuePairCorr
  0.45AMVRX Mid Cap ValuePairCorr
  0.74TWHIX Heritage Fund InvestorPairCorr
  0.66TWCUX Ultra Fund InvestorPairCorr
  0.6TWGIX Growth Fund IPairCorr
  0.59TWSIX Select Fund IPairCorr
  0.56TWRCX Growth Fund CPairCorr
  0.47TWEAX Equity IncomePairCorr
  0.45TWSAX Strategic Allocation:PairCorr
  0.43TWEIX Equity IncomePairCorr
  0.38TWSMX Strategic AllocationPairCorr
  0.63TWUAX Ultra Fund APairCorr
  0.63TWUIX Ultra Fund IPairCorr
  0.6TWVLX Value Fund InvestorPairCorr
  0.59ANOIX Small Cap GrowthPairCorr
  0.58ANOAX Small Cap GrowthPairCorr
  0.55ANOHX American Century SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PBXCX
+ 1.0
PBXIX
VAADX
+ 0.96
PBXIX
PBXCX
+ 0.96
VAADX
ARBOX
+ 0.94
PBXIX
PBXCX
+ 0.93
ARBOX
VAADX
+ 0.88
ARBOX
  
High negative correlations   
ARBOX
- 0.13
AVK
PBXCX
- 0.1
GCV
PBXIX
- 0.09
GCV
VAADX
- 0.08
GCV
ARBOX
- 0.08
GCV

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