American Century Correlations

AVSC Etf  USD 50.21  0.83  1.68%   
The current 90-days correlation between American Century ETF and American Sierra Gold is -0.11 (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.

American Century Correlation With Market

Poor diversification

The correlation between American Century ETF and DJI is 0.7 (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 etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with American Etf

  0.97VBR Vanguard Small CapPairCorr
  0.99IWN iShares Russell 2000PairCorr
  0.92IJJ iShares SP MidPairCorr
  0.98DFAT Dimensional TargetedPairCorr
  0.99IJS iShares SP SmallPairCorr
  0.99SLYV SPDR SP 600PairCorr
  0.99AVUV Avantis Small CapPairCorr
  0.98DES WisdomTree SmallCapPairCorr
  0.91MDYV SPDR SP 400PairCorr
  0.94CALF Pacer Small Cap Low VolatilityPairCorr
  0.92VTI Vanguard Total StockPairCorr
  0.9SPY SPDR SP 500PairCorr
  0.9IVV iShares Core SP Sell-off TrendPairCorr
  0.94VUG Vanguard Growth IndexPairCorr
  0.84VO Vanguard Mid CapPairCorr
  0.85MSFT MicrosoftPairCorr
  0.69BA BoeingPairCorr
  0.85BAC Bank of America Sell-off TrendPairCorr
  0.79CAT CaterpillarPairCorr
  0.77AA Alcoa CorpPairCorr
  0.89HD Home DepotPairCorr

Moving against American Etf

  0.7BND Vanguard Total Bond Sell-off TrendPairCorr
  0.57VEA Vanguard FTSE DevelopedPairCorr
  0.53GDXU MicroSectors Gold MinersPairCorr
  0.75VZ Verizon CommunicationsPairCorr
  0.74JNJ Johnson JohnsonPairCorr
  0.73TRV The Travelers CompaniesPairCorr
  0.71KO Coca ColaPairCorr
  0.58MCD McDonaldsPairCorr
  0.41XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.34IBM International BusinessPairCorr

Related Correlations Analysis

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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   
AVUSAVLV
AVEMAVES
AVLVAMNP
AVUSAMNP
  
High negative correlations   
AVUSAVES
AVESAVLV
AVESAMNP
AVUSAVEM
AVEMAMNP
AVEMAVLV

American Century Constituents Risk-Adjusted Indicators

There is a big difference between American Etf performing well and American Century ETF 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.