American Century Correlations
QGRO Etf | USD 102.85 0.92 0.89% |
The current 90-days correlation between American Century Quality and American Century STOXX is 0.85 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Century moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Century Quality moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
American Century Correlation With Market
Very poor diversification
The correlation between American Century Quality and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Quality and DJI in the same portfolio, assuming nothing else is changed.
American |
Moving together with American Etf
0.96 | VUG | Vanguard Growth Index | PairCorr |
0.95 | IWF | iShares Russell 1000 | PairCorr |
0.93 | IVW | iShares SP 500 | PairCorr |
0.93 | SPYG | SPDR Portfolio SP | PairCorr |
0.94 | IUSG | iShares Core SP | PairCorr |
0.95 | VONG | Vanguard Russell 1000 | PairCorr |
0.94 | MGK | Vanguard Mega Cap | PairCorr |
0.95 | VRGWX | Vanguard Russell 1000 | PairCorr |
0.93 | MTUM | iShares MSCI USA | PairCorr |
0.93 | QQQM | Invesco NASDAQ 100 | PairCorr |
0.95 | UPRO | ProShares UltraPro SP500 | PairCorr |
0.92 | QTJA | Innovator ETFs Trust | PairCorr |
0.93 | QTOC | Innovator ETFs Trust | PairCorr |
0.94 | XTOC | Innovator ETFs Trust | PairCorr |
0.94 | QTAP | Innovator Growth 100 | PairCorr |
0.89 | TSJA | TSJA | PairCorr |
0.93 | XTJA | Innovator ETFs Trust | PairCorr |
0.88 | DSJA | DSJA | PairCorr |
0.94 | XDJA | Innovator ETFs Trust | PairCorr |
0.96 | XTAP | Innovator Equity Acc | PairCorr |
0.92 | CVX | Chevron Corp Sell-off Trend | PairCorr |
0.87 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.89 | DIS | Walt Disney Aggressive Push | PairCorr |
0.93 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.94 | BAC | Bank of America Aggressive Push | PairCorr |
0.87 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
0.96 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.74 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.75 | T | ATT Inc Aggressive Push | PairCorr |
0.74 | HD | Home Depot Sell-off Trend | PairCorr |
0.79 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Moving against American Etf
0.86 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.84 | KO | Coca Cola Sell-off Trend | PairCorr |
0.78 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
-0.2 | 0.91 | 0.94 | -0.48 | VALQ | ||
-0.2 | -0.46 | -0.3 | 0.66 | QINT | ||
0.91 | -0.46 | 0.97 | -0.7 | NULG | ||
0.94 | -0.3 | 0.97 | -0.65 | SPMO | ||
-0.48 | 0.66 | -0.7 | -0.65 | KORP | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VALQ | 0.54 | 0.01 | (0.03) | 0.13 | 0.48 | 1.17 | 2.75 | |||
QINT | 0.60 | (0.13) | 0.00 | (0.14) | 0.00 | 1.06 | 3.44 | |||
NULG | 0.74 | 0.02 | 0.01 | 0.14 | 0.99 | 1.72 | 5.20 | |||
SPMO | 0.75 | 0.00 | 0.00 | 0.12 | 0.84 | 1.65 | 4.82 | |||
KORP | 0.25 | (0.02) | 0.00 | 0.56 | 0.00 | 0.51 | 1.96 |