American Beacon Correlations

ABCRX Fund

USD 23.27 0.07 0.30%

The current 90-days correlation between American Beacon and Tiaa Cref Lifestyle Moderate is 0.83 (i.e., Very poor diversification). The correlation of American Beacon 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 Beacon Correlation With Market

Poor diversification

The correlation between American Beacon The and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon The 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 Beacon The. 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 metropolitan statistical area.

Moving together with American Mutual Fund

0.98	VVIAX	Vanguard Value Index	Pair Corr
0.99	AFMFX	American Mutual	Pair Corr
0.99	FFMMX	American Funds American	Pair Corr
0.99	FFFMX	American Funds American	Pair Corr
0.99	AMRMX	American Mutual	Pair Corr
0.99	AMFCX	American Mutual	Pair Corr
0.98	DODGX	Dodge Stock Fund	Pair Corr
0.98	VIVAX	Vanguard Value Index	Pair Corr
0.96	ERH	Allspring Utilities And	Pair Corr
0.95	WHIYX	Ivy High Income	Pair Corr
0.95	IVHIX	Ivy High Income	Pair Corr
0.95	IHIFX	Ivy High Income	Pair Corr
0.94	WRHIX	Ivy High Income	Pair Corr
0.95	WHIAX	Ivy High Income	Pair Corr
0.82	CSJZX	Cohen Steers Realty	Pair Corr
0.82	CSRSX	Cohen Steers Realty	Pair Corr

Moving against American Mutual Fund

0.32

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	TSIMX	VTRRX	URFRX	CMATX	TDIFX	TWSMX	JTSQX	ASMUX
TSIMX		1.0	1.0	1.0	0.98	1.0	1.0	1.0	TSIMX
VTRRX	1.0		1.0	1.0	0.96	1.0	1.0	1.0	VTRRX
URFRX	1.0	1.0		0.99	0.96	1.0	1.0	1.0	URFRX
CMATX	1.0	1.0	0.99		0.98	1.0	1.0	1.0	CMATX
TDIFX	0.98	0.96	0.96	0.98		0.97	0.96	0.97	TDIFX
TWSMX	1.0	1.0	1.0	1.0	0.97		1.0	1.0	TWSMX
JTSQX	1.0	1.0	1.0	1.0	0.96	1.0		1.0	JTSQX
ASMUX	1.0	1.0	1.0	1.0	0.97	1.0	1.0		ASMUX
	TSIMX	VTRRX	URFRX	CMATX	TDIFX	TWSMX	JTSQX	ASMUX

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 Beacon 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 Beacon'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
TSIMX	0.31	0.07	(0.15)	0.41	0.00	(0.40)	0.89	(0.51)	2.35
VTRRX	0.41	0.09	(0.02)	0.40	0.00	(0.53)	1.24	(0.66)	3.85
URFRX	0.33	0.07	(0.11)	0.40	0.00	(0.40)	0.94	(0.65)	2.31
CMATX	0.32	0.06	(0.13)	0.38	0.00	(0.38)	0.84	(0.56)	3.02
TDIFX	0.12	0.03	(0.74)	0.55	0.00	(0.16)	0.26	(0.25)	0.78
TWSMX	0.33	0.06	(0.11)	0.37	0.00	(0.43)	0.90	(0.59)	2.61
JTSQX	0.45	0.09	(0.02)	0.37	0.23	(0.53)	1.26	(0.88)	3.68
ASMUX	0.32	0.06	(0.11)	0.37	0.12	(0.41)	0.90	(0.60)	2.61

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