American Century Correlations

Mutual Funds . USA . 
Fund . American Century One
AAEVX Fund  USD 11.21  0.01  0.09%   
The current 90-days correlation between American Century One and Intermediate Bond Fund is 0.11 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

American Century Correlation With Market

Poor diversification

The correlation between American Century One and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century One and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Century One. 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 real.

Moving together with American Mutual Fund

  0.65AMDVX Mid Cap ValuePairCorr
  0.84AMEIX Equity GrowthPairCorr
  0.92AMGIX Income GrowthPairCorr
  0.67TWCCX Ultra Fund CPairCorr
  0.71TWCAX Select Fund APairCorr
  0.72TWCIX Select Fund InvestorPairCorr
  0.71TWCGX Growth Fund InvestorPairCorr
  0.65AMVYX Mid Cap ValuePairCorr
  0.65AMVRX Mid Cap ValuePairCorr
  0.86TWBIX Balanced Fund InvestorPairCorr
  0.65AMVGX Mid Cap ValuePairCorr
  0.69TWCUX Ultra Fund InvestorPairCorr
  0.71TWGIX Growth Fund IPairCorr
  0.78TWGGX Global GrowthPairCorr
  0.83TWHIX Heritage Fund InvestorPairCorr
  0.7TWRCX Growth Fund CPairCorr
  0.63TWSCX Strategic Allocation:PairCorr
  0.8TWSAX Strategic Allocation:PairCorr
  0.84TWSMX Strategic Allocation:PairCorr
  0.72TWSIX Select Fund IPairCorr
  0.68TWUAX Ultra Fund APairCorr
  0.69TWUIX Ultra Fund IPairCorr

Related Correlations Analysis

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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.

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