American Century Correlations

Mutual Funds . USA . 
Fund . American Century High
ACHFX Fund  USD 8.71  0.01  0.11%   
The current 90-days correlation between American Century High and Nuveen Strategic Municipal is 0.08 (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

Very weak diversification

The correlation between American Century High and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century High 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 High. 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 census.

Moving together with American Mutual Fund

  0.91AMDVX Mid Cap ValuePairCorr
  0.98AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.77CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.76TWACX Short Term GovernmentPairCorr
  0.95TWADX Value Fund APairCorr
  0.95TWCCX Ultra Fund CPairCorr
  0.95TWCAX Select Fund APairCorr
  0.96TWCIX Select Fund InvestorPairCorr
  0.96TWCGX Growth Fund InvestorPairCorr
  0.78TWARX Short Term GovernmentPairCorr
  0.92AMVYX Mid Cap ValuePairCorr
  0.91AMVRX Mid Cap ValuePairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.91AMVGX Mid Cap ValuePairCorr
  0.94TWEAX Equity IncomePairCorr
  0.93TWEIX Equity IncomePairCorr
  0.96TWCUX Ultra Fund InvestorPairCorr
  0.89TWGAX International GrowthPairCorr
  0.96TWGIX Growth Fund IPairCorr
  0.96TWGGX Global GrowthPairCorr
  0.89TWIEX International GrowthPairCorr
  0.95TWHIX Heritage Fund InvestorPairCorr
  0.98TWMIX Emerging MarketsPairCorr
  0.96TWRCX Growth Fund CPairCorr
  0.89TWTCX Intermediate Term TaxPairCorr
  0.92TWTIX Intermediate Term TaxPairCorr
  0.98TWSCX Strategic Allocation:PairCorr
  0.97TWSAX Strategic Allocation:PairCorr
  0.97TWSMX Strategic Allocation:PairCorr
  0.96TWSIX Select Fund IPairCorr
  0.84TWUSX Short Term GovernmentPairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  0.95TWUAX Ultra Fund APairCorr
  0.96TWUIX Ultra Fund IPairCorr
  0.84TWUOX Short Term GovernmentPairCorr
  0.92TWWOX Intermediate Term TaxPairCorr
  1.0NPHIX High Income FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY