American Century Correlations
AVSF Etf | USD 46.33 0.01 0.02% |
The current 90-days correlation between American Century ETF and Dimensional ETF Trust is 0.89 (i.e., Very poor 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.
American Century Correlation With Market
Good diversification
The correlation between American Century ETF and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century ETF and DJI in the same portfolio, assuming nothing else is changed.
American |
Moving together with American Etf
0.98 | BSV | Vanguard Short Term | PairCorr |
0.98 | IGSB | iShares 1 5 | PairCorr |
0.71 | SPSB | SPDR Barclays Short | PairCorr |
0.99 | ISTB | iShares Core 1 | PairCorr |
0.87 | SLQD | iShares 0 5 | PairCorr |
0.94 | GVI | iShares Intermediate | PairCorr |
0.97 | SUSB | iShares ESG 1 | PairCorr |
0.88 | IRET | Tidal Trust II | PairCorr |
0.68 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.63 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.61 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Moving against American Etf
0.63 | IAUF | IShares | PairCorr |
0.62 | MSTY | YieldMax MSTR Option | PairCorr |
0.58 | BTC | Grayscale Bitcoin Mini | PairCorr |
0.55 | BST | BlackRock Science Tech | PairCorr |
0.53 | ARKW | ARK Next Generation | PairCorr |
0.49 | WTMF | WisdomTree Managed | PairCorr |
0.39 | DIVB | iShares Dividend | PairCorr |
0.32 | OIH | VanEck Oil Services | PairCorr |
0.31 | DIVG | Invesco Exchange Traded | PairCorr |
0.78 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.64 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.55 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.46 | DIS | Walt Disney Aggressive Push | PairCorr |
0.45 | DISO | Tidal Trust II | PairCorr |
0.43 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
0.4 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
0.38 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.36 | WMT | Walmart Aggressive Push | PairCorr |
0.33 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.31 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
0.96 | -0.7 | 0.75 | 0.03 | DFCF | ||
0.96 | -0.6 | 0.76 | 0.23 | DFIP | ||
-0.7 | -0.6 | -0.29 | 0.28 | DFAC | ||
0.75 | 0.76 | -0.29 | 0.26 | DFNM | ||
0.03 | 0.23 | 0.28 | 0.26 | DFAE | ||
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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
| High negative correlations
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American Century Constituents Risk-Adjusted Indicators
There is a big difference between American Etf performing well and American Century ETF 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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DFCF | 0.21 | (0.02) | 0.00 | 0.59 | 0.00 | 0.40 | 1.53 | |||
DFIP | 0.21 | (0.03) | 0.00 | (1.34) | 0.00 | 0.36 | 1.41 | |||
DFAC | 0.59 | 0.00 | 0.00 | 0.12 | 0.65 | 1.29 | 4.65 | |||
DFNM | 0.10 | 0.00 | (0.73) | 0.09 | 0.13 | 0.21 | 0.77 | |||
DFAE | 0.84 | (0.05) | (0.11) | (0.01) | 1.07 | 2.02 | 5.87 |