American Century Variance
| ACHFX Fund | | | USD 8.70 -0.02 -0.23% |
Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean. Below is American Century's current Variance with peer comparisons and related risk metrics.
Current Variance Value
The current Variance of 0.0706 places American Century at low price variability. This places American Century at the lower end of the volatility range for American Century Investments Funds.
Variance | = | SUM(RET DEV)2N |
| = | 0.0706 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
The peer group averages 0.77 for Variance, with American Century at 0.0706 falling below that level. Readings span 0.2052 (Doubleline Global Bond) to 1.3 (Westcore Global Large Cap). American Century has exhibited less price dispersion than the peer average over the measured period.
Variance Relative To Other Indicators
The chart below plots Variance against Maximum Drawdown for American Century and its peers. Each point represents one equity — position along the horizontal axis shows Variance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
American Century's Maximum Drawdown of
1.29 runs about
18.34 times its Variance of
0.07 . This indicates Maximum Drawdown substantially exceeds Variance for American Century.
Methodology, Assumptions & Data Sources
American Century's Variance currently stands at 0.0706. American Century's Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. American Century operates in the high yield bond sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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