American Century Correlations
ANVRX Fund | USD 9.15 0.01 0.11% |
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 weak diversification
The correlation between American Century Non Us and DJI is 0.56 (i.e., Very weak 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.
American |
Moving together with American Mutual Fund
0.87 | CDBCX | Diversified Bond | PairCorr |
0.76 | AMKIX | Emerging Markets | PairCorr |
0.88 | TWACX | Short Term Government | PairCorr |
0.65 | TWADX | Value Fund A | PairCorr |
0.87 | TWARX | Short Term Government | PairCorr |
0.88 | TWAVX | Short Term Government | PairCorr |
0.75 | TWEAX | Equity Income | PairCorr |
0.76 | TWEIX | Equity Income | PairCorr |
0.75 | TWGAX | International Growth | PairCorr |
0.76 | TWIEX | International Growth | PairCorr |
0.76 | TWMIX | Emerging Markets | PairCorr |
0.65 | TWTIX | Intermediate Term Tax | PairCorr |
0.87 | TWUSX | Short Term Government | PairCorr |
0.66 | TWVLX | Value Fund Investor | PairCorr |
0.87 | TWUOX | Short Term Government | PairCorr |
0.64 | TWWOX | Intermediate Term Tax | PairCorr |
0.73 | NPHIX | High Income Fund | PairCorr |
Moving against American Mutual Fund
0.71 | TWCCX | Ultra Fund C | PairCorr |
0.68 | TWCAX | Select Fund A | PairCorr |
0.68 | TWCIX | Select Fund Investor | PairCorr |
0.67 | TWCGX | Growth Fund Investor | PairCorr |
0.58 | AMEIX | Equity Growth | PairCorr |
0.53 | TWBIX | Balanced Fund Investor | PairCorr |
0.34 | AMGIX | Income Growth | PairCorr |
0.74 | TWCUX | Ultra Fund Investor | PairCorr |
0.68 | TWSIX | Select Fund I | PairCorr |
0.67 | TWGIX | Growth Fund I | PairCorr |
0.66 | TWRCX | Growth Fund C | PairCorr |
0.42 | TWHIX | Heritage Fund Investor | PairCorr |
0.71 | TWUAX | Ultra Fund A | PairCorr |
0.71 | TWUIX | Ultra Fund I | PairCorr |
0.58 | ANORX | Small Cap Growth | PairCorr |
0.58 | ANOCX | Small Cap Growth | PairCorr |
0.57 | ANONX | Small Cap Growth | PairCorr |
0.57 | ANOGX | Small Cap Growth | PairCorr |
Related Correlations Analysis
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FTIXX | ||
0.0 | 0.89 | 0.48 | 0.91 | 0.63 | FAFSX | ||
0.0 | 0.89 | 0.36 | 0.76 | 0.44 | ICFAX | ||
0.0 | 0.48 | 0.36 | 0.3 | 0.11 | IAAEX | ||
0.0 | 0.91 | 0.76 | 0.3 | 0.69 | SBFAX | ||
0.0 | 0.63 | 0.44 | 0.11 | 0.69 | XFINX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FTIXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
FAFSX | 0.91 | (0.04) | 0.00 | (0.07) | 0.00 | 1.71 | 6.26 | |||
ICFAX | 0.83 | (0.04) | 0.00 | (0.08) | 0.00 | 1.32 | 3.93 | |||
IAAEX | 0.81 | (0.11) | 0.00 | (0.26) | 0.00 | 1.41 | 9.17 | |||
SBFAX | 0.79 | 0.01 | 0.00 | (0.02) | 0.00 | 1.69 | 5.22 | |||
XFINX | 0.14 | (0.02) | 0.00 | 0.36 | 0.00 | 0.28 | 1.27 |