American Century Correlations

ACDOX Fund

9.13 0.02 0.22%

The current 90-days correlation between American Century Div and Auer Growth Fund is -0.24 (i.e., Very good 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

Very good diversification

The correlation between American Century Diversified and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Diversified 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 Diversified. 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 persons.

Moving together with American Mutual Fund

0.82	CDBCX	Diversified Bond	Pair Corr
0.64	AMKIX	Emerging Markets	Pair Corr
0.73	TWACX	Short Term Government	Pair Corr
0.95	TWARX	Short Term Government	Pair Corr
0.74	TWAVX	Short Term Government	Pair Corr
0.76	TWEIX	Equity Income	Pair Corr
0.64	TWMIX	Emerging Markets	Pair Corr
0.76	TWTIX	Intermediate Term Tax	Pair Corr
0.89	TWUSX	Short Term Government	Pair Corr
0.63	TWVLX	Value Fund Investor	Pair Corr
0.95	TWUOX	Short Term Government	Pair Corr
0.68	TWWOX	Intermediate Term Tax	Pair Corr
0.71	NPHIX	High Income Fund	Pair Corr

Moving against American Mutual Fund

0.76	TWCCX	Ultra Fund C	Pair Corr
0.72	TWCAX	Select Fund A	Pair Corr
0.71	TWCGX	Growth Fund Investor	Pair Corr
0.69	TWCIX	Select Fund Investor	Pair Corr
0.62	AMEIX	Equity Growth	Pair Corr
0.57	TWBIX	Balanced Fund Investor	Pair Corr
0.43	AMGIX	Income Growth	Pair Corr
0.73	TWCUX	Ultra Fund Investor	Pair Corr
0.73	TWRCX	Growth Fund C	Pair Corr
0.72	TWSIX	Select Fund I	Pair Corr
0.71	TWGIX	Growth Fund I	Pair Corr
0.59	TWHIX	Heritage Fund Investor	Pair Corr
0.75	TWUAX	Ultra Fund A	Pair Corr
0.73	TWUIX	Ultra Fund I	Pair Corr
0.73	ANORX	Small Cap Growth	Pair Corr
0.73	ANOCX	Small Cap Growth	Pair Corr
0.73	ANOAX	Small Cap Growth	Pair Corr
0.69	ANONX	Small Cap Growth	Pair Corr

Related Correlations Analysis

	AUERX	BGGKX	PAGLX	EIPFX	SRGAX	TAAEX
AUERX		0.72	0.86	0.25	0.63	0.85	AUERX
BGGKX	0.72		0.88	0.32	0.83	0.89	BGGKX
PAGLX	0.86	0.88		0.29	0.9	0.96	PAGLX
EIPFX	0.25	0.32	0.29		0.49	0.2	EIPFX
SRGAX	0.63	0.83	0.9	0.49		0.85	SRGAX
TAAEX	0.85	0.89	0.96	0.2	0.85		TAAEX
	AUERX	BGGKX	PAGLX	EIPFX	SRGAX	TAAEX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUERX	0.81	0.01	0.00	(0.02)	0.00	0.00	1.59	(1.75)	4.19
BGGKX	1.62	(0.10)	0.00	1.12	0.00	0.00	2.84	(3.89)	8.15
PAGLX	0.73	0.00	0.00	(0.03)	0.00	0.00	1.27	(1.58)	4.65
EIPFX	0.71	0.12	0.14	0.20	0.78	(0.75)	1.69	(1.58)	4.31
SRGAX	0.63	0.02	0.03	0.00	0.83	(0.64)	1.25	(1.45)	3.64
TAAEX	1.68	(0.05)	0.00	(0.06)	0.00	0.00	3.16	(3.20)	9.89

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