American Century Correlations

Mutual Funds . USA . 
Fund . American Century One
AACPX Fund  USD 10.96  0.01  0.09%   
The current 90-days correlation between American Century One and Absolute Convertible Arbitrage is 0.53 (i.e., Very weak 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 One and DJI is -0.11 (i.e., Good 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 american community survey.

Moving together with American Mutual Fund

  0.96AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.98AMGIX Income GrowthPairCorr
  0.69CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.65TWACX Short Term GovernmentPairCorr
  0.98TWADX Value Fund APairCorr
  0.98TWCCX Ultra Fund CPairCorr
  0.99TWCAX Select Fund APairCorr
  0.98TWCIX Select Fund InvestorPairCorr
  0.98TWCGX Growth Fund InvestorPairCorr
  0.68TWARX Short Term GovernmentPairCorr
  0.75TWAVX Short Term GovernmentPairCorr
  0.94AMVYX Mid Cap ValuePairCorr
  0.96AMVRX Mid Cap ValuePairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.96AMVGX Mid Cap ValuePairCorr
  0.94TWEAX Equity IncomePairCorr
  0.97TWEIX Equity IncomePairCorr
  0.98TWCUX Ultra Fund InvestorPairCorr
  0.94TWGAX International GrowthPairCorr
  0.98TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.92TWIEX International GrowthPairCorr
  0.97TWHIX Heritage Fund InvestorPairCorr
  0.98TWMIX Emerging MarketsPairCorr
  0.98TWRCX Growth Fund CPairCorr
  0.87TWTCX Intermediate Term TaxPairCorr
  0.9TWTIX Intermediate Term TaxPairCorr
  1.0TWSCX Strategic Allocation:PairCorr
  1.0TWSAX Strategic Allocation:PairCorr
  1.0TWSMX Strategic Allocation:PairCorr
  0.98TWSIX Select Fund IPairCorr
  0.76TWUSX Short Term GovernmentPairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  0.99TWUAX Ultra Fund APairCorr
  0.98TWUIX Ultra Fund IPairCorr
  0.76TWUOX Short Term GovernmentPairCorr
  0.91TWWOX Intermediate Term TaxPairCorr
  0.97NPHIX High Income FundPairCorr

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   
XAVKX
+ 0.99
ARBOX
NCIDX
+ 0.99
ARBOX
NCIDX
+ 0.99
LCFYX
LCFYX
+ 0.98
ARBOX
NCIDX
+ 0.98
XAVKX
FSAWX
+ 0.97
ARBOX
  
High negative correlations   
LCFYX
- 0.2
CCD
NCIDX
- 0.17
CCD
CCD
- 0.17
ARBOX
FSAWX
- 0.16
CCD
CCD
- 0.1
XAVKX

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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