American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Shapiro
SHDYX Fund  USD 9.93  0.08  0.80%   
The current 90-days correlation between American Beacon Shapiro and American Beacon Ssi is 0.16 (i.e., Average 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 Shapiro and DJI is 0.78 (i.e., Poor 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 manufacturing.

Moving together with American Mutual Fund

  0.66BRLGX American Beacon BridgewayPairCorr
  0.98BRLVX American Beacon BridgewayPairCorr
  0.93TFBAX American Beacon TwenPairCorr
  0.93TFBRX American Beacon TwenPairCorr
  0.62TFBYX American Beacon TwenPairCorr
  0.95TFGPX American Beacon TwenPairCorr
  0.65TFGIX American Beacon TwenPairCorr
  0.96TFGYX American Beacon TwenPairCorr
  0.95TFGCX American Beacon FundsPairCorr
  0.96TFSAX American Beacon FundsPairCorr
  0.96STMGX American Beacon StephensPairCorr
  0.96STSGX American Beacon StephensPairCorr
  0.96STSIX American Beacon StephensPairCorr
  0.96STSRX American Beacon StephensPairCorr
  0.99AABPX American Beacon BalancedPairCorr
  0.98AADEX American Beacon LargePairCorr
  0.99AADBX American Beacon BalancedPairCorr
  0.95AAERX American Beacon IntlPairCorr
  0.98AAGPX American Beacon LargePairCorr
  0.68AAIPX American Beacon IntePairCorr
  0.68AAIEX American Beacon IntePairCorr
  0.96SFMIX American Beacon StephensPairCorr
  0.95AAISX American Beacon IntePairCorr
  0.98AALRX American Beacon LargePairCorr
  0.98BWLYX American Beacon BridgewayPairCorr
  0.98BWLRX American Beacon BridgewayPairCorr
  0.76BWLIX American Beacon BridgewayPairCorr
  0.98BWLCX American Beacon BridgewayPairCorr
  0.98BWLAX American Beacon BridgewayPairCorr
  0.99AASRX American Beacon SmallPairCorr
  0.67AASSX American Beacon SmallPairCorr
  0.96ABCAX American BeaconPairCorr
  0.96ABCVX 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  0.03 (0.91) 1.48  0.00 
(0.11)
 0.20 
(0.10)
 0.30 
BRLGX  0.74  0.34  0.26  3.70  0.11 
(0.90)
 2.35 
(0.94)
 6.21 
BRLVX  0.67  0.06  0.05  0.20  0.62 
(0.74)
 1.87 
(1.15)
 4.72 
TFBCX  0.06  0.01 (0.93)(1.02) 0.00 
(0.12)
 0.12 
(0.12)
 0.24 
TFBAX  0.06  0.02  0.00 (2.32) 0.00 
 0.00 
 0.12 
(0.11)
 0.23 
TFBRX  0.06  0.02  0.00 (6.82) 0.00 
 0.00 
 0.12 
(0.11)
 0.35 
TFBYX  0.05  0.02  0.00 (5.19) 0.00 
 0.00 
 0.11 
(0.11)
 0.34 
TFGPX  0.12  0.04 (0.53) 0.79  0.00 
(0.18)
 0.24 
(0.12)
 0.60 
TFGIX  0.11  0.04 (0.55) 3.17  0.00 
(0.17)
 0.23 
(0.12)
 0.58 
TFGYX  0.11  0.04 (0.44) 0.97  0.00 
(0.17)
 0.24 
(0.12)
 0.70 

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