American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Sim
SHOIX Fund  USD 9.24  0.01  0.11%   
The current 90-days correlation between American Beacon Sim and Qs Growth Fund 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

Very weak diversification

The correlation between American Beacon Sim and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Sim 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 Sim. 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 gross domestic product.

Moving together with American Mutual Fund

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