American Beacon Correlations

Mutual Funds USA . 
Fund . American Beacon Funds
TFGCX Fund  USD 8.60  0.01  0.12%   
The current 90-days correlation between American Beacon Funds and Leader Short Term Bond is -0.15 (i.e., Good 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 Funds and DJI is 0.46 (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 Funds 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 Funds. 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 main economic indicators.

Moving together with American Mutual Fund

  0.94SSIJX American Beacon SsiPairCorr
  0.93BRLGX American Beacon BridgewayPairCorr
  0.95BRLVX American Beacon BridgewayPairCorr
  0.98TFBCX American Beacon TwenPairCorr
  0.98TFBAX American Beacon TwenPairCorr
  0.99TFBRX American Beacon TwenPairCorr
  0.98TFBYX American Beacon TwenPairCorr
  0.99TFGPX American Beacon TwenPairCorr
  0.99TFGIX American Beacon TwenPairCorr
  0.99TFGYX American Beacon TwenPairCorr
  0.99TFSAX American Beacon FundsPairCorr
  0.94STMGX American Beacon StephensPairCorr
  0.93STSGX American Beacon StephensPairCorr
  0.93STSIX American Beacon StephensPairCorr
  0.92STSRX American Beacon StephensPairCorr
  0.97TIVFX Tocqueville InternationalPairCorr
  0.64GHQIX Amer Beacon GarciaPairCorr
  0.69GHQRX American Beacon GarciaPairCorr
  0.63GHQYX Amer Beacon GarciaPairCorr
  0.96AABPX American Beacon BalancedPairCorr
  0.94AADEX American Beacon LargePairCorr
  0.96AADBX American Beacon BalancedPairCorr
  0.94AAERX American Beacon IntlPairCorr
  0.93SFMRX American Beacon StephensPairCorr
  0.93AAGPX American Beacon LargePairCorr
  0.94AAIPX American Beacon IntePairCorr
  0.95AAIEX American Beacon IntePairCorr
  0.94SFMIX American Beacon StephensPairCorr
  0.94AAISX American Beacon IntePairCorr
  0.94AALRX American Beacon LargePairCorr
  0.95BWLYX American Beacon BridgewayPairCorr
  0.95BWLRX American Beacon BridgewayPairCorr
  0.95BWLIX American Beacon BridgewayPairCorr
  0.93BWLCX American Beacon BridgewayPairCorr
  0.95BWLAX American Beacon BridgewayPairCorr
  0.93AASRX American Beacon SmallPairCorr
  0.92AASSX American Beacon SmallPairCorr
  0.94ABCAX 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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