American Century Correlations
FDG Etf | USD 102.82 0.04 0.04% |
The current 90-days correlation between American Century ETF and Enerplus 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.
American Century Correlation With Market
Poor diversification
The correlation between American Century ETF and DJI is 0.65 (i.e., Poor 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 | VUG | Vanguard Growth Index | PairCorr |
0.98 | IWF | iShares Russell 1000 | PairCorr |
0.97 | IVW | iShares SP 500 Sell-off Trend | PairCorr |
0.97 | SPYG | SPDR Portfolio SP | PairCorr |
0.97 | IUSG | iShares Core SP | PairCorr |
0.98 | VONG | Vanguard Russell 1000 | PairCorr |
0.97 | MGK | Vanguard Mega Cap | PairCorr |
0.98 | VRGWX | Vanguard Russell 1000 | PairCorr |
0.93 | MTUM | iShares MSCI USA | PairCorr |
0.96 | QQQM | Invesco NASDAQ 100 | PairCorr |
0.95 | UPRO | ProShares UltraPro SP500 | PairCorr |
0.95 | QTJA | Innovator ETFs Trust | PairCorr |
0.91 | QTOC | Innovator ETFs Trust | PairCorr |
0.9 | XTOC | Innovator ETFs Trust | PairCorr |
0.97 | QTAP | Innovator Growth 100 | PairCorr |
0.9 | TSJA | TSJA | PairCorr |
0.96 | XTJA | Innovator ETFs Trust | PairCorr |
0.89 | DSJA | DSJA | PairCorr |
0.96 | XDJA | Innovator ETFs Trust | PairCorr |
0.97 | XTAP | Innovator Equity Acc | PairCorr |
0.94 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.91 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
0.7 | HD | Home Depot | PairCorr |
0.75 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.86 | DIS | Walt Disney | PairCorr |
0.91 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.81 | HPQ | HP Inc | PairCorr |
0.63 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
0.83 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
Moving against American Etf
0.9 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.88 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
0.87 | KO | Coca Cola Aggressive Push | PairCorr |
0.75 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.71 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ERF | 1.63 | 0.23 | 0.03 | (0.40) | 1.87 | 4.61 | 8.71 | |||
PTF | 1.42 | 0.08 | 0.08 | 0.17 | 1.65 | 3.69 | 7.73 | |||
CNX | 1.61 | 0.53 | 0.27 | 0.67 | 1.34 | 4.48 | 9.84 | |||
NRP | 1.47 | 0.19 | 0.16 | 0.31 | 1.01 | 3.98 | 9.46 | |||
ACI | 1.05 | (0.16) | 0.00 | (0.19) | 0.00 | 2.60 | 5.26 |