American Century Correlations

Mutual Funds . USA . 
Fund . American Century Etf
AVIGX Fund  USD 8.36  0.02  0.24%   
The current 90-days correlation between American Century Etf and T Rowe Price is 0.13 (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

Average diversification

The correlation between American Century Etf and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Etf 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 Etf. 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 price.

Moving together with American Mutual Fund

  0.83AVBNX American Century EtfPairCorr
  0.73AVGNX Avantis Short TermPairCorr
  0.83VBTLX Vanguard Total BondPairCorr
  0.83VBMFX Vanguard Total BondPairCorr
  0.83VBTIX Vanguard Total BondPairCorr
  0.95VTBSX Vanguard Total BondPairCorr
  0.83VTBIX Vanguard Total BondPairCorr
  0.83VTBNX Vanguard Total BondPairCorr
  0.82FBOFX American FundsPairCorr
  0.82FFBOX American FundsPairCorr
  0.82BFAFX Bond FundPairCorr
  0.82ABNDX Bond FundPairCorr
  0.78BRUFX Bruce Fund BrucePairCorr
  0.88USGDX Morgan Stanley GovernmentPairCorr
  0.84HRBDX Harbor Bond FundPairCorr
  0.66GIOIX Guggenheim Macro OppPairCorr
  0.84VICSX Vanguard Intermediate-terPairCorr
  0.69BISMX Brandes InternationalPairCorr
  0.62ARBOX Absolute ConvertiblePairCorr
  0.73ABNOX Ab Bond InflationPairCorr
  0.62TIMUX Transamerica IntermediatePairCorr

Moving against American Mutual Fund

  0.58AVCNX American Century EtfPairCorr
  0.54AVUNX Avantis EquityPairCorr
  0.37ALCEX Avantis Large CapPairCorr
  0.36RYMJX Commodities StrategyPairCorr
  0.35RYMEX Commodities StrategyPairCorr
  0.35RYMBX Commodities StrategyPairCorr

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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