American Century Correlations

Mutual Funds . USA . 
Fund . American Century One
AABEX Fund  USD 10.26  0.02  0.20%   
The current 90-days correlation between American Century One and Prudential Government Money 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. If the correlation is 0, the equities are not correlated; they are entirely random.

American Century Correlation With Market

Very poor diversification

The correlation between American Century One and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century One 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 One. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with American Mutual Fund

  0.93AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.96AMGIX Income GrowthPairCorr
  0.71CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.69TWACX Short Term GovernmentPairCorr
  0.95TWADX Value Fund APairCorr
  0.98TWCCX Ultra Fund CPairCorr
  0.96TWCAX Select Fund APairCorr
  0.96TWCIX Select Fund InvestorPairCorr
  0.98TWCGX Growth Fund InvestorPairCorr
  0.73TWARX Short Term GovernmentPairCorr
  0.78TWAVX Short Term GovernmentPairCorr
  0.93AMVYX Mid Cap ValuePairCorr
  0.95AMVRX Mid Cap ValuePairCorr
  0.99TWBIX Balanced Fund InvestorPairCorr
  0.95AMVGX Mid Cap ValuePairCorr
  0.93TWEAX Equity IncomePairCorr
  0.94TWEIX Equity IncomePairCorr
  0.98TWCUX Ultra Fund InvestorPairCorr
  0.9TWGAX International GrowthPairCorr
  0.98TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.91TWIEX International GrowthPairCorr
  0.97TWHIX Heritage Fund InvestorPairCorr
  0.98TWMIX Emerging MarketsPairCorr
  0.98TWRCX Growth Fund CPairCorr
  0.86TWTCX Intermediate Term TaxPairCorr
  0.9TWTIX Intermediate Term TaxPairCorr
  1.0TWSCX Strategic Allocation:PairCorr
  0.99TWSAX Strategic Allocation:PairCorr
  1.0TWSMX Strategic Allocation:PairCorr
  0.96TWSIX Select Fund IPairCorr
  0.79TWUSX Short Term GovernmentPairCorr
  0.98TWVLX Value Fund InvestorPairCorr
  0.96TWUAX Ultra Fund APairCorr
  0.98TWUIX Ultra Fund IPairCorr
  0.8TWUOX Short Term GovernmentPairCorr
  0.89TWWOX Intermediate Term TaxPairCorr
  0.99NPHIX High Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Century Mutual Fund 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.

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