American Beacon Correlations
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 |
Moving together with American Mutual Fund
Moving against American Mutual Fund
| 0.6 | TRV | The Travelers Companies | PairCorr |
| 0.53 | MCD | McDonalds | PairCorr |
| 0.39 | WMT | Walmart Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.94 | 0.86 | 0.81 | 0.89 | 0.96 | 0.78 | OGMCX | ||
| 0.94 | 0.87 | 0.86 | 0.86 | 0.98 | 0.77 | UIPMX | ||
| 0.86 | 0.87 | 0.99 | 0.97 | 0.88 | 0.85 | GLDAX | ||
| 0.81 | 0.86 | 0.99 | 0.94 | 0.85 | 0.8 | USAGX | ||
| 0.89 | 0.86 | 0.97 | 0.94 | 0.9 | 0.92 | FRGOX | ||
| 0.96 | 0.98 | 0.88 | 0.85 | 0.9 | 0.85 | IIGCX | ||
| 0.78 | 0.77 | 0.85 | 0.8 | 0.92 | 0.85 | UNWPX | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OGMCX | 1.40 | 0.28 | (0.05) | (0.12) | 1.91 | 2.87 | 10.45 | |||
| UIPMX | 1.56 | 0.30 | (0.06) | (0.07) | 2.18 | 3.26 | 11.90 | |||
| GLDAX | 1.53 | 0.05 | (0.05) | 0.47 | 2.30 | 3.11 | 12.29 | |||
| USAGX | 1.57 | 0.01 | (0.06) | 0.27 | 2.20 | 3.27 | 11.93 | |||
| FRGOX | 1.52 | 0.13 | (0.02) | 1.23 | 2.02 | 3.02 | 11.91 | |||
| IIGCX | 1.59 | 0.34 | (0.04) | (0.10) | 2.16 | 3.27 | 12.48 | |||
| UNWPX | 1.23 | 0.21 | 0.00 | 7.48 | 1.18 | 2.72 | 7.43 |