American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Soundpointfltrtinc
SPFYX Fund  USD 7.43  0.01  0.13%   
The current 90-days correlation between American Beacon Soun and Dunham High Yield is 0.24 (i.e., Modest 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 Soundpointfltr and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Soundpointfltr 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 Soundpointfltrtinc. 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

  0.95SSIJX American Beacon SsiPairCorr
  0.92BRLGX American Beacon BridgewayPairCorr
  0.93BRLVX American Beacon BridgewayPairCorr
  0.94TFBCX American Beacon TwenPairCorr
  0.94TFBAX American Beacon TwenPairCorr
  0.94TFBRX American Beacon TwenPairCorr
  0.94TFBYX American Beacon TwenPairCorr
  0.95TFGPX American Beacon TwenPairCorr
  0.95TFGIX American Beacon TwenPairCorr
  0.95TFGYX American Beacon TwenPairCorr
  0.94TFGCX American Beacon FundsPairCorr
  0.95TFSAX American Beacon FundsPairCorr
  0.92STMGX American Beacon StephensPairCorr
  0.92STSGX American Beacon StephensPairCorr
  0.92STSIX American Beacon StephensPairCorr
  0.93STSRX American Beacon StephensPairCorr
  0.97TIVFX Tocqueville InternationalPairCorr
  0.92AABPX American Beacon BalancedPairCorr
  0.92AADEX American Beacon LargePairCorr
  0.92AADBX American Beacon BalancedPairCorr
  0.94AAERX American Beacon IntlPairCorr
  0.93SFMRX American Beacon StephensPairCorr
  0.92AAGPX American Beacon LargePairCorr
  0.94AAIPX American Beacon IntePairCorr
  0.94AAIEX American Beacon IntePairCorr
  0.92SFMIX American Beacon StephensPairCorr
  0.94AAISX American Beacon IntePairCorr
  0.92AALRX American Beacon LargePairCorr
  0.93BWLYX American Beacon BridgewayPairCorr
  0.93BWLRX American Beacon BridgewayPairCorr
  0.92BWLIX American Beacon BridgewayPairCorr
  0.93BWLCX American Beacon BridgewayPairCorr
  0.92BWLAX American Beacon BridgewayPairCorr
  0.91AASRX American Beacon SmallPairCorr
  0.91AASSX American Beacon SmallPairCorr
  0.95ABCAX 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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