American Century One Fund Market Value
| AAAKX Fund | USD 9.48 0.06 0.63% |
| Symbol | American |
American Century 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to American Century's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of American Century.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in American Century on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding American Century One or generate 0.0% return on investment in American Century over 30 days. American Century is related to or competes with Mid Cap, Equity Growth, Income Growth, Diversified Bond, Emerging Markets, Short Term, and Value Fund. The fund is a fund of funds, meaning that it seeks to achieve its objective by investing in other mutual funds and excha... More
American Century Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure American Century's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess American Century One upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4605 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 1.68 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.5314 |
American Century Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Century's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Century's standard deviation. In reality, there are many statistical measures that can use American Century historical prices to predict the future American Century's volatility.| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Century's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
American Century One Backtested Returns
We consider American Century very steady. American Century One secures Sharpe Ratio (or Efficiency) of 0.0535, which signifies that the fund had a 0.0535% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American Century One, which you can use to evaluate the volatility of the entity. Please confirm American Century's mean deviation of 0.2725, and Risk Adjusted Performance of 0.0077 to double-check if the risk estimate we provide is consistent with the expected return of 0.0192%. The fund shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, American Century's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Century is expected to be smaller as well.
Auto-correlation | -0.64 |
Very good reverse predictability
American Century One has very good reverse predictability. Overlapping area represents the amount of predictability between American Century time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of American Century One price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current American Century price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American Century One lagged returns against current returns
Autocorrelation, which is American Century mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting American Century's mutual fund expected returns. We can calculate the autocorrelation of American Century returns to help us make a trade decision. For example, suppose you find that American Century has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
American Century regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If American Century mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Century mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Century mutual fund over time.
Current vs Lagged Prices |
| Timeline |
American Century Lagged Returns
When evaluating American Century's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Century mutual fund have on its future price. American Century autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, American Century autocorrelation shows the relationship between American Century mutual fund current value and its past values and can show if there is a momentum factor associated with investing in American Century One.
Regressed Prices |
| Timeline |
Pair Trading with American Century
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Century position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Century will appreciate offsetting losses from the drop in the long position's value.Moving together with American Mutual Fund
| 0.93 | AMDVX | Mid Cap Value | PairCorr |
| 0.92 | AMEIX | Equity Growth | PairCorr |
| 0.95 | AMGIX | Income Growth | PairCorr |
| 0.82 | AMKIX | Emerging Markets | PairCorr |
The ability to find closely correlated positions to American Century could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Century when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Century - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Century One to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Century moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Century One moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Century can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out American Century Correlation, American Century Volatility and American Century Alpha and Beta module to complement your research on American Century. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
American Century technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.