American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Sim
SHYPX Fund  USD 9.20  0.01  0.11%   
The current 90-days correlation between American Beacon Sim and Artisan High Income is 0.78 (i.e., Poor 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 Sim and DJI is -0.08 (i.e., Good 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 american community survey.

Moving together with AMERICAN Mutual Fund

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