American Century Quality Etf Market Value
| QCON Etf | USD 47.32 0.07 0.15% |
| Symbol | American |
The market value of American Century Quality is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Century's value that differs from its market value or its book value, called intrinsic value, which is American Century's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because American Century's market value can be influenced by many factors that don't directly affect American Century's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between American Century's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Century is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Century's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
American Century 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to American Century's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of American Century.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in American Century on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding American Century Quality or generate 0.0% return on investment in American Century over 180 days. American Century is related to or competes with American Century, American Century, Rareview Dynamic, First Trust, and American Century. Under normal market conditions, the portfolio managers will invest at least 80 percent of the funds net assets, plus any... More
American Century Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure American Century's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess American Century Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4467 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.29 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.7778 |
American Century Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Century's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Century's standard deviation. In reality, there are many statistical measures that can use American Century historical prices to predict the future American Century's volatility.| Risk Adjusted Performance | 0.2048 | |||
| Jensen Alpha | 0.0605 | |||
| Total Risk Alpha | 0.0394 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2719 |
American Century Quality Backtested Returns
As of now, American Etf is very steady. American Century Quality secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the etf had a 0.34% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for American Century Quality, which you can use to evaluate the volatility of the entity. Please confirm American Century's mean deviation of 0.329, and Risk Adjusted Performance of 0.2048 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The etf shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, American Century's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Century is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
American Century Quality has very good predictability. Overlapping area represents the amount of predictability between American Century time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of American Century Quality price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current American Century price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
American Century Quality lagged returns against current returns
Autocorrelation, which is American Century etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting American Century's etf expected returns. We can calculate the autocorrelation of American Century returns to help us make a trade decision. For example, suppose you find that American Century has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
American Century regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If American Century etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Century etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Century etf over time.
Current vs Lagged Prices |
| Timeline |
American Century Lagged Returns
When evaluating American Century's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Century etf have on its future price. American Century autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, American Century autocorrelation shows the relationship between American Century etf current value and its past values and can show if there is a momentum factor associated with investing in American Century Quality.
Regressed Prices |
| Timeline |
Pair Trading with American Century
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Century position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Century will appreciate offsetting losses from the drop in the long position's value.Moving together with American Etf
| 0.99 | ICVT | iShares Convertible Bond | PairCorr |
| 0.98 | FCVT | First Trust SSI | PairCorr |
| 0.94 | DSJA | DSJA | PairCorr |
| 0.92 | RSPY | Tuttle Capital Management | PairCorr |
The ability to find closely correlated positions to American Century could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Century when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Century - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Century Quality to buy it.
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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Century can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out American Century Correlation, American Century Volatility and American Century Alpha and Beta module to complement your research on American Century. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
American Century technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.