American Century Correlations

American Century Correlation With Market

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 industry.

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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    AGGWX + 0.99 GLDAX SGDLX + 0.93 GLDAX AGGWX + 0.92 SGDLX AGGWX + 0.36 GCEBX GLDAX + 0.35 GCEBX SGDLX + 0.31 GCEBX

High negative correlations    SPPIX - 0.92 SGDLX SPPIX - 0.87 GLDAX AGGWX - 0.86 SPPIX SPPIX - 0.62 GCEBX GLRBX - 0.18 GCEBX SPPIX - 0.03 GLRBX

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.