American Century Correlations

Mutual Funds . USA . 
Fund . American Century Diversified
ACDOX Fund   9.10  0.01  0.11%   
The current 90-days correlation between American Century Div and Putnam Global Financials is 0.56 (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

Weak diversification

The correlation between American Century Diversified and DJI is 0.31 (i.e., Weak 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in American Century Diversified. 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 persons.

Moving together with American Mutual Fund

  0.64AMDVX Mid Cap ValuePairCorr
  0.71AMEIX Equity GrowthPairCorr
  0.71AMGIX Income GrowthPairCorr
  0.99CDBCX Diversified BondPairCorr
  0.74AMKIX Emerging MarketsPairCorr
  0.95TWACX Short Term GovernmentPairCorr
  0.72TWADX Value Fund APairCorr
  0.66TWCCX Ultra Fund CPairCorr
  0.67TWCAX Select Fund APairCorr
  0.67TWCIX Select Fund InvestorPairCorr
  0.68TWCGX Growth Fund InvestorPairCorr
  0.96TWARX Short Term GovernmentPairCorr
  0.96TWAVX Short Term GovernmentPairCorr
  0.64AMVYX Mid Cap ValuePairCorr
  0.63AMVRX Mid Cap ValuePairCorr
  0.74TWBIX Balanced Fund InvestorPairCorr
  0.64AMVGX Mid Cap ValuePairCorr
  0.71TWEAX Equity IncomePairCorr
  0.71TWEIX Equity IncomePairCorr
  0.66TWCUX Ultra Fund InvestorPairCorr
  0.68TWGIX Growth Fund IPairCorr
  0.67TWGGX Global GrowthPairCorr
  0.65TWHIX Heritage Fund InvestorPairCorr
  0.73TWMIX Emerging MarketsPairCorr
  0.68TWRCX Growth Fund CPairCorr
  0.81TWTCX Intermediate Term TaxPairCorr
  0.83TWTIX Intermediate Term TaxPairCorr
  0.76TWSCX Strategic Allocation:PairCorr
  0.71TWSAX Strategic Allocation:PairCorr
  0.73TWSMX Strategic Allocation:PairCorr
  0.67TWSIX Select Fund IPairCorr
  0.96TWUSX Short Term GovernmentPairCorr
  0.72TWVLX Value Fund InvestorPairCorr
  0.66TWUAX Ultra Fund APairCorr
  0.66TWUIX Ultra Fund IPairCorr
  0.96TWUOX Short Term GovernmentPairCorr
  0.84TWWOX Intermediate Term TaxPairCorr
  0.81NPHIX 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   
PSSRX
+ 1.0
VFAIX
DVFYX
+ 0.99
VFAIX
DVFYX
+ 0.98
PGFMX
DVFYX
+ 0.98
PSSRX
VFAIX
+ 0.97
PGFMX
PSSRX
+ 0.95
PGFMX
  
High negative correlations   
XFINX
- 0.6
PGFMX
XFINX
- 0.48
DVFYX
XFINX
- 0.45
VFAIX
XFINX
- 0.41
PSSRX
XFINX
- 0.16
RMBLX

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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