American Century Correlations

Mutual Funds . USA . 
Fund . American Century Etf
AVLVX Fund   13.87  0.04  0.29%   
The current 90-days correlation between American Century Etf and Johcm Emerging Markets is 0.49 (i.e., Very weak 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 Etf and DJI is 0.79 (i.e., Poor 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 real.

Moving together with American Mutual Fund

  0.86AVCNX American Century EtfPairCorr
  0.77AVSBX Avantis Small CapPairCorr
  0.75AVUVX Avantis Small CapPairCorr
  0.97AVUSX Avantis EquityPairCorr
  0.84AVUNX Avantis EquityPairCorr
  1.0ALCEX Avantis Large CapPairCorr
  0.73VVIAX Vanguard Value IndexPairCorr
  0.65AFMFX American MutualPairCorr
  0.65FFMMX American Funds AmericanPairCorr
  0.65FFFMX American Funds AmericanPairCorr
  0.65AMRMX American MutualPairCorr
  0.65AMFFX American MutualPairCorr
  0.65AMFCX American MutualPairCorr
  0.62DODGX Dodge Stock FundPairCorr
  0.73VIVAX Vanguard Value IndexPairCorr

Moving against American Mutual Fund

  0.4AVSFX Avantis Short TermPairCorr
  0.39AVGNX Avantis Short TermPairCorr
  0.37AVBNX American Century EtfPairCorr
  0.37AVIGX American Century EtfPairCorr
  0.91UIPIX Ultrashort Mid CapPairCorr
  0.86USPSX Profunds UltrashortPairCorr
  0.86USPIX Profunds UltrashortPairCorr
  0.44CIHCX Cullen International HighPairCorr
  0.39BISMX Brandes InternationalPairCorr
  0.36LIRRX Lord Abbett InternationalPairCorr
  0.34VTAPX Vanguard Short TermPairCorr
  0.31ABNOX Ab Bond InflationPairCorr

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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