American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Funds
TFSAX Fund  USD 8.63  0.02  0.23%   
The current 90-days correlation between American Beacon Funds and American Beacon Ssi is -0.04 (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

Significant diversification

The correlation between American Beacon Funds and DJI is 0.01 (i.e., Significant 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 nation.

Moving together with American Mutual Fund

  0.95SSIJX American Beacon SsiPairCorr
  0.93BRLGX American Beacon BridgewayPairCorr
  0.95BRLVX American Beacon BridgewayPairCorr
  0.98TFBCX American Beacon TwenPairCorr
  0.99TFBAX American Beacon TwenPairCorr
  0.99TFBRX American Beacon TwenPairCorr
  0.99TFBYX American Beacon TwenPairCorr
  0.99TFGPX American Beacon TwenPairCorr
  0.99TFGIX American Beacon TwenPairCorr
  0.99TFGYX American Beacon TwenPairCorr
  1.0TFGCX American Beacon FundsPairCorr
  0.94STMGX American Beacon StephensPairCorr
  0.93STSGX American Beacon StephensPairCorr
  0.94STSIX American Beacon StephensPairCorr
  0.93STSRX American Beacon StephensPairCorr
  0.97TIVFX Tocqueville InternationalPairCorr
  0.61GHQPX Amer Beacon GarciaPairCorr
  0.66GHQRX American Beacon GarciaPairCorr
  0.97AABPX American Beacon BalancedPairCorr
  0.95AADEX American Beacon LargePairCorr
  0.96AADBX American Beacon BalancedPairCorr
  0.95AAERX American Beacon IntlPairCorr
  0.94SFMRX American Beacon StephensPairCorr
  0.94AAGPX American Beacon LargePairCorr
  0.95AAIPX American Beacon IntePairCorr
  0.95AAIEX American Beacon IntePairCorr
  0.94SFMIX American Beacon StephensPairCorr
  0.95AAISX American Beacon IntePairCorr
  0.95AALRX American Beacon LargePairCorr
  0.95BWLYX American Beacon BridgewayPairCorr
  0.95BWLRX American Beacon BridgewayPairCorr
  0.95BWLCX American Beacon BridgewayPairCorr
  0.94BWLAX American Beacon BridgewayPairCorr
  0.93AASRX American Beacon SmallPairCorr
  0.93AASSX American Beacon SmallPairCorr
  0.95ABCAX American BeaconPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSIJX  0.07  0.03 (1.28) 1.69  0.00 
(0.11)
 0.20 
(0.10)
 0.30 
BRLGX  0.82  0.32  0.11 (1.93) 0.69 
(0.93)
 2.37 
(1.37)
 6.21 
BRLVX  0.67  0.20  0.01 (0.97) 0.61 
(0.74)
 1.87 
(1.15)
 4.72 
TFBCX  0.06  0.02 (1.19)(2.26) 0.00 
(0.12)
 0.12 
(0.12)
 0.24 
TFBAX  0.06  0.01  0.00  0.99  0.00 
 0.00 
 0.12 
(0.11)
 0.23 
TFBRX  0.06  0.02  0.00 (3.04) 0.00 
 0.00 
 0.12 
(0.11)
 0.35 
TFBYX  0.06  0.02  0.00 (2.43) 0.00 
 0.00 
 0.11 
(0.11)
 0.34 
TFGPX  0.12  0.04 (0.77) 2.27  0.00 
(0.18)
 0.24 
(0.12)
 0.60 
TFGIX  0.12  0.05 (0.76) 11.55  0.00 
(0.17)
 0.23 
(0.12)
 0.58 
TFGYX  0.11  0.05 (0.65) 22.77  0.00 
(0.17)
 0.24 
(0.12)
 0.70 

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