American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Shapiro
SHDPX Fund  USD 9.70  0.08  0.82%   
The current 90-days correlation between American Beacon Shapiro and Artisan Developing World is 0.56 (i.e., Very weak 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

Good diversification

The correlation between American Beacon Shapiro and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Shapiro and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in American Beacon Shapiro. 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 american community survey.

Moving together with American Mutual Fund

  0.98SSIJX American Beacon SsiPairCorr
  0.95BRLGX American Beacon BridgewayPairCorr
  0.97BRLVX American Beacon BridgewayPairCorr
  0.92TFBCX American Beacon TwenPairCorr
  0.93TFBAX American Beacon TwenPairCorr
  0.93TFBRX American Beacon TwenPairCorr
  0.93TFBYX American Beacon TwenPairCorr
  0.95TFGPX American Beacon TwenPairCorr
  0.96TFGIX American Beacon TwenPairCorr
  0.96TFGYX American Beacon TwenPairCorr
  0.95TFGCX American Beacon FundsPairCorr
  0.95TFSAX American Beacon FundsPairCorr
  0.95STMGX American Beacon StephensPairCorr
  0.95STSGX American Beacon StephensPairCorr
  0.95STSIX American Beacon StephensPairCorr
  0.96STSRX American Beacon StephensPairCorr
  0.93TIVFX Tocqueville InternationalPairCorr
  0.97AABPX American Beacon BalancedPairCorr
  0.97AADEX American Beacon LargePairCorr
  0.99AADBX American Beacon BalancedPairCorr
  0.94AAERX American Beacon IntlPairCorr
  0.98AAGPX American Beacon LargePairCorr
  0.94AAIPX American Beacon IntePairCorr
  0.94AAIEX American Beacon IntePairCorr
  0.96SFMIX American Beacon StephensPairCorr
  0.94AAISX American Beacon IntePairCorr
  0.97BWLYX American Beacon BridgewayPairCorr
  0.97BWLRX American Beacon BridgewayPairCorr
  0.97BWLIX American Beacon BridgewayPairCorr
  0.97BWLCX American Beacon BridgewayPairCorr
  0.98BWLAX American Beacon BridgewayPairCorr
  0.97AASRX American Beacon SmallPairCorr
  0.97AASSX American Beacon SmallPairCorr
  0.95ABCAX American BeaconPairCorr
  0.96ABCVX American BeaconPairCorr
  0.95ABCYX American BeaconPairCorr

Related Correlations Analysis

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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.

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