American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Stephens
STSIX Fund  USD 15.57  0.07  0.45%   
The current 90-days correlation between American Beacon Stephens and Balanced Allocation Fund is 0.85 (i.e., Very 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

Very poor diversification

The correlation between American Beacon Stephens and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Stephens 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 Stephens. 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

  0.97SSIJX American Beacon SsiPairCorr
  0.99BRLGX American Beacon BridgewayPairCorr
  0.98BRLVX American Beacon BridgewayPairCorr
  0.89TFBCX American Beacon TwenPairCorr
  0.89TFBAX American Beacon TwenPairCorr
  0.89TFBRX American Beacon TwenPairCorr
  0.89TFBYX American Beacon TwenPairCorr
  0.93TFGPX American Beacon TwenPairCorr
  0.94TFGIX American Beacon TwenPairCorr
  0.93TFGYX American Beacon TwenPairCorr
  0.93TFGCX American Beacon FundsPairCorr
  0.94TFSAX American Beacon FundsPairCorr
  0.99STMGX American Beacon StephensPairCorr
  1.0STSGX American Beacon StephensPairCorr
  1.0STSRX American Beacon StephensPairCorr
  0.93TIVFX Tocqueville InternationalPairCorr
  0.97AABPX American Beacon BalancedPairCorr
  0.98AADEX American Beacon LargePairCorr
  0.97AADBX American Beacon BalancedPairCorr
  0.98AAERX American Beacon IntlPairCorr
  0.98AAGPX American Beacon LargePairCorr
  0.98AAIPX American Beacon IntePairCorr
  0.98AAIEX American Beacon IntePairCorr
  0.99SFMIX American Beacon StephensPairCorr
  0.98AAISX American Beacon IntePairCorr
  0.98AALRX American Beacon LargePairCorr
  0.98BWLYX American Beacon BridgewayPairCorr
  0.98BWLRX American Beacon BridgewayPairCorr
  0.98BWLIX American Beacon BridgewayPairCorr
  0.98BWLCX American Beacon BridgewayPairCorr
  0.98BWLAX American Beacon BridgewayPairCorr
  0.97AASRX American Beacon SmallPairCorr
  0.97AASSX American Beacon SmallPairCorr
  0.99ABCAX American BeaconPairCorr
  0.99ABCVX 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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