American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Bridgeway
BWLRX Fund  USD 24.75  0.30  1.23%   
The current 90-days correlation between American Beacon Bridgeway and American Beacon Ssi is -0.09 (i.e., Good 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

Almost no diversification

The correlation between American Beacon Bridgeway and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Bridgeway 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 Bridgeway. 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

  0.97SSIJX American Beacon SsiPairCorr
  0.98BRLGX American Beacon BridgewayPairCorr
  1.0BRLVX American Beacon BridgewayPairCorr
  0.92TFBCX American Beacon TwenPairCorr
  0.92TFBAX American Beacon TwenPairCorr
  0.92TFBRX American Beacon TwenPairCorr
  0.92TFBYX American Beacon TwenPairCorr
  0.95TFGPX American Beacon TwenPairCorr
  0.95TFGIX American Beacon TwenPairCorr
  0.95TFGYX American Beacon TwenPairCorr
  0.95TFGCX American Beacon FundsPairCorr
  0.96TFSAX American Beacon FundsPairCorr
  0.98STMGX American Beacon StephensPairCorr
  0.98STSGX American Beacon StephensPairCorr
  0.98STSIX American Beacon StephensPairCorr
  0.96STSRX American Beacon StephensPairCorr
  0.93TIVFX Tocqueville InternationalPairCorr
  0.99AABPX American Beacon BalancedPairCorr
  1.0AADEX American Beacon LargePairCorr
  0.99AADBX American Beacon BalancedPairCorr
  0.96AAERX American Beacon IntlPairCorr
  0.97SFMRX American Beacon StephensPairCorr
  0.97AAGPX American Beacon LargePairCorr
  0.97AAIPX American Beacon IntePairCorr
  0.97AAIEX American Beacon IntePairCorr
  0.98SFMIX American Beacon StephensPairCorr
  0.97AAISX American Beacon IntePairCorr
  0.97AALRX American Beacon LargePairCorr
  1.0BWLYX American Beacon BridgewayPairCorr
  1.0BWLIX American Beacon BridgewayPairCorr
  0.97BWLCX American Beacon BridgewayPairCorr
  1.0BWLAX American Beacon BridgewayPairCorr
  0.99AASRX American Beacon SmallPairCorr
  0.99AASSX American Beacon SmallPairCorr
  0.97ABCAX American BeaconPairCorr

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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSIJX  0.07  0.00 (1.29) 0.00  0.00 
(0.11)
 0.20 
(0.10)
 0.30 
BRLGX  0.78  0.15  0.17  0.32  0.47 
(0.93)
 2.37 
(1.26)
 6.21 
BRLVX  0.67  0.06  0.05  0.24  0.55 
(0.75)
 1.87 
(1.10)
 4.72 
TFBCX  0.06  0.02 (1.19)(2.26) 0.00 
(0.12)
 0.12 
(0.12)
 0.24 
TFBAX  0.06  0.02  0.00 (2.38) 0.00 
 0.00 
 0.12 
(0.11)
 0.23 
TFBRX  0.06  0.02  0.00 (6.51) 0.00 
 0.00 
 0.12 
(0.11)
 0.35 
TFBYX  0.06  0.02  0.00 (2.43) 0.00 
 0.00 
 0.11 
(0.11)
 0.34 
TFGPX  0.12  0.05 (0.77)(1.96) 0.00 
(0.18)
 0.24 
(0.12)
 0.60 
TFGIX  0.12  0.05 (0.76)(3.93) 0.00 
(0.17)
 0.23 
(0.12)
 0.58 
TFGYX  0.11  0.05 (0.65)(7.03) 0.00 
(0.17)
 0.23 
(0.12)
 0.70 

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