American Century Correlations

ARHUX Fund  USD 13.63  0.01  0.07%   
The current 90-days correlation between American Century Inv and World Energy Fund is -0.08 (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

Almost no diversification

The correlation between American Century Investments and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Investments 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 Investments. 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 employment.

Moving together with American Mutual Fund

  0.95AMDVX Mid Cap ValuePairCorr
  1.0AMEIX Equity GrowthPairCorr
  0.99AMGIX Income GrowthPairCorr
  0.67CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.64TWACX Short Term GovernmentPairCorr
  0.96TWADX Value Fund APairCorr
  0.99TWCCX Ultra Fund CPairCorr
  0.98TWCAX Select Fund APairCorr
  0.99TWCIX Select Fund InvestorPairCorr
  1.0TWCGX Growth Fund InvestorPairCorr
  0.66TWARX Short Term GovernmentPairCorr
  0.74TWAVX Short Term GovernmentPairCorr
  0.97AMVYX Mid Cap ValuePairCorr
  0.94AMVRX Mid Cap ValuePairCorr
  1.0TWBIX Balanced Fund InvestorPairCorr
  0.95AMVGX Mid Cap ValuePairCorr
  0.96TWEAX Equity IncomePairCorr
  0.94TWEIX Equity IncomePairCorr
  0.99TWCUX Ultra Fund InvestorPairCorr
  0.93TWGAX International GrowthPairCorr
  1.0TWGIX Growth Fund IPairCorr
  0.99TWGGX Global GrowthPairCorr
  0.94TWIEX International GrowthPairCorr
  0.99TWHIX Heritage Fund InvestorPairCorr
  0.98TWMIX Emerging MarketsPairCorr
  1.0TWRCX Growth Fund CPairCorr
  0.86TWTCX Intermediate Term TaxPairCorr
  0.89TWTIX Intermediate Term TaxPairCorr
  0.98TWSCX Strategic Allocation:PairCorr
  0.99TWSAX Strategic Allocation:PairCorr
  0.99TWSMX Strategic Allocation:PairCorr
  0.99TWSIX Select Fund IPairCorr
  0.74TWUSX Short Term GovernmentPairCorr
  0.98TWVLX Value Fund InvestorPairCorr
  0.98TWUAX Ultra Fund APairCorr
  0.99TWUIX Ultra Fund IPairCorr
  0.74TWUOX Short Term GovernmentPairCorr
  0.89TWWOX Intermediate Term TaxPairCorr
  0.98NPHIX 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.