American Century Correlations
AVGV Etf | 65.16 0.42 0.65% |
The current 90-days correlation between American Century ETF and EA Series Trust is 0.57 (i.e., Very 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 ETF and DJI is 0.86 (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 ETF and DJI in the same portfolio, assuming nothing else is changed.
American |
Moving together with American Etf
0.68 | PFIX | Simplify Interest Rate | PairCorr |
0.8 | DGT | SPDR Global Dow | PairCorr |
0.79 | DEW | WisdomTree Global High | PairCorr |
0.96 | WLDR | Affinity World Leaders | PairCorr |
0.91 | HERD | Pacer Cash Cows | PairCorr |
0.87 | FNGU | MicroSectors FANG Index | PairCorr |
0.74 | USD | ProShares Ultra Semi | PairCorr |
0.87 | FNGO | MicroSectors FANG Index | PairCorr |
0.77 | GBTC | Grayscale Bitcoin Trust | PairCorr |
0.86 | TECL | Direxion Daily Technology | PairCorr |
0.87 | FNGS | MicroSectors FANG ETN | PairCorr |
0.87 | ROM | ProShares Ultra Tech | PairCorr |
0.92 | QLD | ProShares Ultra QQQ | PairCorr |
0.69 | SMH | VanEck Semiconductor ETF | PairCorr |
0.87 | EOS | Eaton Vance Enhanced | PairCorr |
0.77 | ETH | Grayscale Ethereum Mini | PairCorr |
0.77 | BTC | Grayscale Bitcoin Mini | PairCorr |
0.73 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.79 | HPQ | HP Inc | PairCorr |
0.85 | HD | Home Depot | PairCorr |
0.86 | CVX | Chevron Corp Sell-off Trend | PairCorr |
0.91 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.78 | BAC | Bank of America Aggressive Push | PairCorr |
0.88 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
0.67 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against American Etf
0.74 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
0.63 | KO | Coca Cola Aggressive Push | PairCorr |
0.58 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
American Century Constituents Risk-Adjusted Indicators
There is a big difference between American Etf performing well and American Century ETF 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
DRAI | 0.71 | (0.08) | (0.08) | 0.02 | 1.22 | 1.38 | 5.57 | |||
DUKQ | 0.58 | 0.01 | 0.00 | 0.14 | 0.64 | 1.11 | 4.44 | |||
MVFD | 0.64 | 0.00 | (0.01) | 0.12 | 0.59 | 1.33 | 5.15 | |||
MVFG | 0.52 | (0.03) | (0.12) | 0.07 | 0.66 | 1.11 | 2.86 | |||
NDAA | 0.41 | 0.01 | (0.16) | 0.15 | 0.45 | 1.02 | 1.96 | |||
FCUS | 0.95 | 0.16 | 0.16 | 0.25 | 0.84 | 2.33 | 6.90 | |||
FIRI | 0.14 | (0.01) | 0.00 | 1.00 | 0.00 | 0.20 | 0.45 | |||
FIRS | 0.34 | 0.11 | 0.00 | (8.86) | 0.00 | 0.69 | 1.09 | |||
XFLX | 0.20 | (0.01) | (0.44) | 0.04 | 0.23 | 0.44 | 1.23 |