American Century Correlations

Mutual Funds . USA . 
Fund . American Century Real
REAIX Fund  USD 26.59  0.10  0.37%   
The current 90-days correlation between American Century Real and Vanguard Reit Index is 0.99 (i.e., No risk reduction). 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

Weak diversification

The correlation between American Century Real and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Real and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in American Century Real. 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 gross domestic product.

Moving together with American Mutual Fund

  0.77O Realty IncomePairCorr
  0.75FR First Industrial Realty Earnings Call This WeekPairCorr
  0.81HR Healthcare Realty TrustPairCorr
  0.87KW Kennedy Wilson HoldingsPairCorr
  0.77UE Urban Edge PropertiesPairCorr
  0.86WY WeyerhaeuserPairCorr
  0.85ADC-PA Agree RealtyPairCorr
  0.85DOUG Douglas EllimanPairCorr
  0.96VICI VICI PropertiesPairCorr
  0.8ELME Elme CommunitiesPairCorr
  0.85EPRT Essential PropertiesPairCorr
  0.73WELL WelltowerPairCorr
  0.76ESBA Empire State RealtyPairCorr
  0.82ESRT Empire State RealtyPairCorr
  0.62WHLR Wheeler Real EstatePairCorr
  0.81EXPI eXp World HoldingsPairCorr

Moving against American Mutual Fund

  0.41DX Dynex CapitalPairCorr
  0.58MITT-PC AG Mortgage InvestmentPairCorr
  0.52CDR-PC Cedar Realty TrustPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VGSIX  0.91 (0.13) 0.00 (0.17) 0.00 
 0.00 
 1.48 
(1.71)
 5.53 
VGSLX  0.91 (0.13) 0.00 (0.16) 0.00 
 0.00 
 1.45 
(1.72)
 5.53 
VGSNX  0.91 (0.13) 0.00 (0.16) 0.00 
 0.00 
 1.46 
(1.70)
 5.52 
DFREX  0.89 (0.14) 0.00 (0.22) 0.00 
 0.00 
 1.49 
(1.83)
 5.47 
CSCIX  0.86 (0.16) 0.00 (0.26) 0.00 
 0.00 
 1.43 
(1.75)
 5.17 
CSEIX  0.86 (0.16) 0.00 (0.25) 0.00 
 0.00 
 1.41 
(1.76)
 5.15 
CSDIX  0.82 (0.14) 0.00 (0.37) 0.00 
 0.00 
 1.42 
(1.65)
 5.18 
VRTPX  0.91 (0.13) 0.00 (0.17) 0.00 
 0.00 
 1.44 
(1.73)
 5.49 
CSRIX  0.83 (0.14) 0.00 (0.34) 0.00 
 0.00 
 1.51 
(1.75)
 5.29 
PIREX  0.89 (0.16) 0.00 (0.24) 0.00 
 0.00 
 1.38 
(1.85)
 5.09 

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