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.
American |
Moving together with American Etf
0.95 | LQD | iShares iBoxx Investment | PairCorr |
0.96 | IGIB | iShares 5 10 | PairCorr |
0.95 | USIG | iShares Broad USD | PairCorr |
0.95 | SPIB | SPDR Barclays Interm Sell-off Trend | PairCorr |
0.95 | SUSC | iShares ESG USD | PairCorr |
1.0 | QLTA | iShares Aaa | PairCorr |
0.95 | CORP | PIMCO Investment Grade | PairCorr |
0.95 | FLCO | Franklin Liberty Inv | PairCorr |
0.95 | GIGB | Goldman Sachs Access | PairCorr |
0.95 | VTC | Vanguard Total Corporate | PairCorr |
0.95 | PMBS | PIMCO Mortgage Backed | PairCorr |
0.91 | YCL | ProShares Ultra Yen | PairCorr |
0.91 | FXY | Invesco CurrencyShares | PairCorr |
0.69 | ULE | ProShares Ultra Euro | PairCorr |
0.72 | GDXU | MicroSectors Gold Miners | PairCorr |
0.66 | MMM | 3M Company | PairCorr |
0.88 | KO | Coca Cola Aggressive Push | PairCorr |
0.75 | IBM | International Business | PairCorr |
0.73 | PG | Procter Gamble | PairCorr |
0.82 | TRV | The Travelers Companies | PairCorr |
0.63 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.81 | MCD | McDonalds | PairCorr |
Moving against American Etf
0.32 | SIXD | AIM ETF Products | PairCorr |
0.77 | MSFT | Microsoft | PairCorr |
0.68 | CAT | Caterpillar | PairCorr |
0.61 | HPQ | HP Inc | PairCorr |
0.53 | BAC | Bank of America Aggressive Push | PairCorr |
0.51 | MRK | Merck Company | PairCorr |
0.49 | HD | Home Depot | PairCorr |
0.44 | DIS | Walt Disney | PairCorr |
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
| 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 | ||
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IGEB | 0.24 | 0.01 | 0.06 | 0.19 | 0.21 | 0.52 | 1.50 | |||
VALQ | 0.62 | 0.00 | (0.01) | (0.01) | 0.78 | 1.14 | 3.09 | |||
LSST | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
LQDI | 0.32 | 0.02 | 0.06 | 0.23 | 0.38 | 0.66 | 1.95 | |||
FLCO | 0.27 | 0.01 | 0.06 | 0.23 | 0.23 | 0.57 | 1.68 |