American Century Correlations

KORP Etf  USD 46.62  0.07  0.15%   
The current 90-days correlation between American Century Div and iShares Edge Investment is 0.06 (i.e., Significant 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

Good diversification

The correlation between American Century Diversified and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Diversified and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in American Century Diversified. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with American Etf

  0.95LQD iShares iBoxx InvestmentPairCorr
  0.96IGIB iShares 5 10PairCorr
  0.95USIG iShares Broad USDPairCorr
  0.95SPIB SPDR Barclays Interm Sell-off TrendPairCorr
  0.95SUSC iShares ESG USDPairCorr
  1.0QLTA iShares AaaPairCorr
  0.95CORP PIMCO Investment GradePairCorr
  0.95FLCO Franklin Liberty InvPairCorr
  0.95GIGB Goldman Sachs AccessPairCorr
  0.95VTC Vanguard Total CorporatePairCorr
  0.95PMBS PIMCO Mortgage BackedPairCorr
  0.91YCL ProShares Ultra YenPairCorr
  0.91FXY Invesco CurrencySharesPairCorr
  0.69ULE ProShares Ultra EuroPairCorr
  0.72GDXU MicroSectors Gold MinersPairCorr
  0.66MMM 3M CompanyPairCorr
  0.88KO Coca Cola Aggressive PushPairCorr
  0.75IBM International BusinessPairCorr
  0.73PG Procter GamblePairCorr
  0.82TRV The Travelers CompaniesPairCorr
  0.63CSCO Cisco Systems Aggressive PushPairCorr
  0.81MCD McDonaldsPairCorr

Moving against American Etf

  0.32SIXD AIM ETF ProductsPairCorr
  0.77MSFT MicrosoftPairCorr
  0.68CAT CaterpillarPairCorr
  0.61HPQ HP IncPairCorr
  0.53BAC Bank of America Aggressive PushPairCorr
  0.51MRK Merck CompanyPairCorr
  0.49HD Home DepotPairCorr
  0.44DIS Walt DisneyPairCorr

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   
FLCOIGEB
LQDIIGEB
FLCOLQDI
LQDIVALQ
VALQIGEB
FLCOVALQ
  
High negative correlations   
FLCOLSST
LQDILSST
LSSTVALQ
LSSTIGEB

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.