American Century Correlations

Mutual Funds . USA . 
Fund . American Century Etf
AVIGX Fund  USD 8.34  0.02  0.24%   
The current 90-days correlation between American Century Etf and Avantis International Small is 0.28 (i.e., Modest 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

Average diversification

The correlation between American Century Etf and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Etf 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 Etf. 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 price.

Moving together with American Mutual Fund

  0.79AVANX Avantis InternationalPairCorr
  1.0AVBNX American Century EtfPairCorr
  0.7AVCNX American Century EtfPairCorr
  0.73AVLVX American Century EtfPairCorr
  0.74AVSBX Avantis Small CapPairCorr
  0.7AVUVX Avantis Small CapPairCorr
  0.74AVUSX Avantis EquityPairCorr
  0.74AVUNX Avantis EquityPairCorr
  0.73ALCEX Avantis Large CapPairCorr
  0.88VBTLX Vanguard Total BondPairCorr
  0.97VBMFX Vanguard Total BondPairCorr
  0.97VBTIX Vanguard Total BondPairCorr
  0.97VTBSX Vanguard Total BondPairCorr
  0.97VTBIX Vanguard Total BondPairCorr
  0.97VTBNX Vanguard Total BondPairCorr
  0.98FBOFX American FundsPairCorr
  0.98FFBOX American FundsPairCorr
  0.98BFAFX Bond FundPairCorr
  0.98ABNDX Bond FundPairCorr
  0.71NHS Neuberger Berman HighPairCorr
  0.75HADRX Horizon Defined RiskPairCorr
  0.77FWWFX Fidelity WorldwidePairCorr
  0.68CGEZX Columbia Select GlobalPairCorr
  0.63CMNZX Columbia Minnesota TaxPairCorr
  0.74GEGTX Columbia Large CapPairCorr
  0.73VEMPX Vanguard Extended MarketPairCorr
  0.75QDARX Aqr Diversified ArbitragePairCorr
  0.75BRKBX Mfs Blended ResearchPairCorr
  0.65AVEAX Ave Maria FocusedPairCorr
  0.78CLM Cornerstone StrategicPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AVANX  0.50  0.23  0.19  1.36  0.00 
(0.61)
 1.11 
(0.88)
 2.67 
AVBNX  0.25  0.01 (0.32) 0.30  0.19 
(0.31)
 0.61 
(0.36)
 1.22 
AVDEX  0.46  0.17  0.05 (10.01) 0.28 
(0.50)
 1.17 
(0.99)
 2.61 
AVCNX  0.94  0.13  0.13  0.26  0.77 
(1.15)
 2.49 
(1.52)
 6.37 
AVEEX  0.47  0.27  0.19  11.45  0.00 
(0.60)
 1.15 
(0.94)
 3.93 
AVDVX  0.50  0.21  0.14 (19.47) 0.00 
(0.62)
 1.11 
(0.88)
 2.75 
AVDNX  0.47  0.17  0.04 (7.44) 0.34 
(0.51)
 1.16 
(1.05)
 2.75 
AVENX  0.47  0.27  0.19  11.39  0.00 
(0.60)
 1.14 
(0.98)
 3.92 
AVGNX  0.02  0.00  0.00  0.65  0.00 
 0.00 
 0.10 
 0.00 
 0.42 
AVIGX  0.26  0.02 (0.30) 0.46  0.22 
(0.31)
 0.49 
(0.48)
 1.22 

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