American Century Stoxx Etf Beta
| VALQ Etf | USD 63.31 0.12 0.19% |
American Century STOXX fundamentals help investors to digest information that contributes to American Century's financial success or failures. It also enables traders to predict the movement of American Etf. The fundamental analysis module provides a way to measure American Century's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to American Century etf.
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American Century STOXX ETF Beta Analysis
American Century's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current American Century Beta | 0.9 |
Most of American Century's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, American Century STOXX is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, American Century STOXX has a Beta of 0.9. This is much higher than that of the American Century Investments family and significantly higher than that of the Large Value category. The beta for all United States etfs is notably lower than that of the firm.
American Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses American Century's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of American Century could also be used in its relative valuation, which is a method of valuing American Century by comparing valuation metrics of similar companies.American Century is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for American Century
The fund invests 99.74% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides American Century's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
American Century returns are very sensitive to returns on the market. As the market goes up or down, American Century is expected to follow.
American Fundamentals
| Number Of Employees | 613 | |||
| Beta | 0.9 | |||
| Total Asset | 183.69 M | |||
| One Year Return | 22.30 % | |||
| Three Year Return | 9.30 % | |||
| Five Year Return | 10.50 % | |||
| Net Asset | 183.69 M | |||
| Last Dividend Paid | 0.24 | |||
| Equity Positions Weight | 99.74 % |
About American Century Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze American Century STOXX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of American Century using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of American Century STOXX based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with American Century
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Century position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Century will appreciate offsetting losses from the drop in the long position's value.Moving together with American Etf
| 0.93 | VTV | Vanguard Value Index | PairCorr |
| 0.91 | VYM | Vanguard High Dividend Sell-off Trend | PairCorr |
| 0.9 | IWD | iShares Russell 1000 | PairCorr |
| 0.95 | DGRO | iShares Core Dividend Sell-off Trend | PairCorr |
| 0.94 | IVE | iShares SP 500 | PairCorr |
Moving against American Etf
| 0.81 | ULE | ProShares Ultra Euro | PairCorr |
| 0.72 | VIIX | VIIX | PairCorr |
| 0.59 | YCL | ProShares Ultra Yen | PairCorr |
| 0.53 | FXY | Invesco CurrencyShares | PairCorr |
| 0.52 | PFFL | ETRACS 2xMonthly Pay | PairCorr |
The ability to find closely correlated positions to American Century could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Century when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Century - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Century STOXX to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Century moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Century STOXX moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Century can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out American Century Piotroski F Score and American Century Altman Z Score analysis. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of American Century STOXX is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Century's value that differs from its market value or its book value, called intrinsic value, which is American Century's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because American Century's market value can be influenced by many factors that don't directly affect American Century's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between American Century's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Century is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Century's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.