American Century Correlations

Mutual Funds . USA . 
Fund . American Century Non Us
ANVLX Fund  USD 8.66  0.04  0.46%   
The current 90-days correlation between American Century Non and Small Pany Growth is -0.07 (i.e., 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

Modest diversification

The correlation between American Century Non Us and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Non Us 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 Non Us. 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 bureau of economic analysis.

Moving together with American Mutual Fund

  0.88AMDVX Mid Cap ValuePairCorr
  0.77AMGIX Income GrowthPairCorr
  0.84CDBCX Diversified BondPairCorr
  0.66AMKIX Emerging MarketsPairCorr
  0.91TWADX Value Fund APairCorr
  0.88AMVYX Mid Cap ValuePairCorr
  0.87AMVRX Mid Cap ValuePairCorr
  0.72TWBIX Balanced Fund InvestorPairCorr
  0.88AMVGX Mid Cap ValuePairCorr
  0.77TWEAX Equity IncomePairCorr
  0.92TWEIX Equity IncomePairCorr
  0.77TWGAX International GrowthPairCorr
  0.88TWGGX Global GrowthPairCorr
  0.78TWIEX International GrowthPairCorr
  0.76TWHIX Heritage Fund InvestorPairCorr
  0.65TWMIX Emerging MarketsPairCorr
  0.88TWTCX Intermediate Term TaxPairCorr
  0.87TWTIX Intermediate Term TaxPairCorr
  0.8TWSCX Strategic AllocationPairCorr
  0.81TWSAX Strategic AllocationPairCorr
  0.86TWSMX Strategic AllocationPairCorr
  0.91TWVLX Value Fund InvestorPairCorr
  0.88TWWOX Intermediate Term TaxPairCorr
  0.63NPHIX High Income FundPairCorr

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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