American Century Correlations

Mutual Funds . USA . 
Fund . American Century Equity
AEIMX Fund  USD 9.73  0.02  0.21%   
The current 90-days correlation between American Century Equity and Dreyfus Natural Resources is 0.39 (i.e., 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

Very poor diversification

The correlation between American Century Equity and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Century Equity 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 Equity. 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 population.

Moving together with American Mutual Fund

  0.95AMDVX Mid Cap ValuePairCorr
  0.87AMEIX Equity GrowthPairCorr
  0.92AMGIX Income GrowthPairCorr
  0.96TWADX Value Fund APairCorr
  0.81TWCCX Ultra Fund CPairCorr
  0.8TWCAX Select Fund APairCorr
  0.8TWCIX Select Fund InvestorPairCorr
  0.83TWCGX Growth Fund InvestorPairCorr
  0.95AMVYX Mid Cap ValuePairCorr
  0.94AMVRX Mid Cap ValuePairCorr
  0.81TWBIX Balanced Fund InvestorPairCorr
  0.94AMVGX Mid Cap ValuePairCorr
  1.0TWEAX Equity IncomePairCorr
  1.0TWEIX Equity IncomePairCorr
  0.82TWCUX Ultra Fund InvestorPairCorr
  0.83TWGIX Growth Fund IPairCorr
  0.89TWHIX Heritage Fund InvestorPairCorr
  0.82TWRCX Growth Fund CPairCorr
  0.84TWSCX Strategic AllocationPairCorr
  0.9TWSAX Strategic AllocationPairCorr
  0.89TWSMX Strategic AllocationPairCorr
  0.8TWSIX Select Fund IPairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  0.82TWUAX Ultra Fund APairCorr
  0.82TWUIX Ultra Fund IPairCorr
  0.64NPHIX High Income FundPairCorr

Moving against American Mutual Fund

  0.56CDBCX Diversified BondPairCorr
  0.53TWACX Short Term GovernmentPairCorr
  0.51TWARX Short Term GovernmentPairCorr
  0.5TWAVX Short Term GovernmentPairCorr
  0.47TWGAX International GrowthPairCorr
  0.47TWIEX International GrowthPairCorr
  0.63ANTUX Nt Non IntrinsicPairCorr
  0.63ANVRX American Century NonPairCorr
  0.63ANVMX American Century NonPairCorr
  0.63ANVHX American Century NonPairCorr
  0.62ANTGX Nt Non IntrinsicPairCorr
  0.45TWUOX Short Term GovernmentPairCorr
  0.43TWUSX Short Term GovernmentPairCorr
  0.39ANTSX Nt International SmallPairCorr
  0.37ANTMX Nt International SmallPairCorr

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY