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.
American |
Moving together with American Etf
0.97 | VBR | Vanguard Small Cap | PairCorr |
0.99 | IWN | iShares Russell 2000 | PairCorr |
0.92 | IJJ | iShares SP Mid | PairCorr |
0.98 | DFAT | Dimensional Targeted | PairCorr |
0.99 | IJS | iShares SP Small | PairCorr |
0.99 | SLYV | SPDR SP 600 | PairCorr |
0.99 | AVUV | Avantis Small Cap | PairCorr |
0.98 | DES | WisdomTree SmallCap | PairCorr |
0.91 | MDYV | SPDR SP 400 | PairCorr |
0.94 | CALF | Pacer Small Cap Low Volatility | PairCorr |
0.92 | VTI | Vanguard Total Stock | PairCorr |
0.9 | SPY | SPDR SP 500 | PairCorr |
0.9 | IVV | iShares Core SP Sell-off Trend | PairCorr |
0.94 | VUG | Vanguard Growth Index | PairCorr |
0.84 | VO | Vanguard Mid Cap | PairCorr |
0.85 | MSFT | Microsoft | PairCorr |
0.69 | BA | Boeing | PairCorr |
0.85 | BAC | Bank of America Sell-off Trend | PairCorr |
0.79 | CAT | Caterpillar | PairCorr |
0.77 | AA | Alcoa Corp | PairCorr |
0.89 | HD | Home Depot | PairCorr |
Moving against American Etf
0.7 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
0.57 | VEA | Vanguard FTSE Developed | PairCorr |
0.53 | GDXU | MicroSectors Gold Miners | PairCorr |
0.75 | VZ | Verizon Communications | PairCorr |
0.74 | JNJ | Johnson Johnson | PairCorr |
0.73 | TRV | The Travelers Companies | PairCorr |
0.71 | KO | Coca Cola | PairCorr |
0.58 | MCD | McDonalds | PairCorr |
0.41 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
0.34 | IBM | International Business | PairCorr |
Related Correlations Analysis
0.21 | -0.22 | -0.16 | 0.2 | AMNP | ||
0.21 | -0.35 | -0.14 | 0.97 | AVLV | ||
-0.22 | -0.35 | 0.94 | -0.37 | AVES | ||
-0.16 | -0.14 | 0.94 | -0.19 | AVEM | ||
0.2 | 0.97 | -0.37 | -0.19 | AVUS | ||
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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
| High negative correlations
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
AMNP | 10.99 | 1.69 | 0.07 | (0.54) | 11.01 | 25.00 | 158.33 | |||
AVLV | 0.71 | (0.03) | 0.00 | (0.11) | 0.00 | 1.13 | 3.39 | |||
AVES | 0.64 | 0.03 | 0.08 | 0.00 | 0.83 | 1.22 | 4.66 | |||
AVEM | 0.79 | 0.05 | 0.07 | 0.04 | 1.12 | 1.48 | 5.57 | |||
AVUS | 0.78 | (0.05) | 0.00 | (0.13) | 0.00 | 1.18 | 4.30 |