American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Large
AAGPX Fund  USD 24.79  0.51  2.10%   
The current 90-days correlation between American Beacon Large and Northern Small Cap is 0.93 (i.e., Almost no 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

Almost no diversification

The correlation between American Beacon Large and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Large and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Beacon Large. 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 state.

Moving together with American Mutual Fund

  0.85SSIJX American Beacon SsiPairCorr
  0.9BRLGX American Beacon BridgewayPairCorr
  0.94BRLVX American Beacon BridgewayPairCorr
  0.83TFBCX American Beacon TwenPairCorr
  0.83TFBAX American Beacon TwenPairCorr
  0.83TFBRX American Beacon TwenPairCorr
  0.84TFBYX American Beacon TwenPairCorr
  0.84TFGPX American Beacon TwenPairCorr
  0.84TFGIX American Beacon TwenPairCorr
  0.84TFGYX American Beacon TwenPairCorr
  0.84TFGCX American Beacon FundsPairCorr
  0.84TFSAX American Beacon FundsPairCorr
  0.88STMGX American Beacon StephensPairCorr
  0.91STSGX American Beacon StephensPairCorr
  0.91STSIX American Beacon StephensPairCorr
  0.9STSRX American Beacon StephensPairCorr
  0.85TIVFX Tocqueville IntePairCorr
  0.71GHQIX Amer Beacon GarciaPairCorr
  0.7GHQPX Amer Beacon GarciaPairCorr
  0.72GHQRX American Beacon GarciaPairCorr
  0.7GHQYX Amer Beacon GarciaPairCorr
  0.99AABPX American Beacon BalancedPairCorr
  1.0AADEX American Beacon LargePairCorr
  0.99AADBX American Beacon BalancedPairCorr
  0.93AAERX American Beacon IntlPairCorr
  0.88SFMRX American Beacon StephensPairCorr
  0.93AAIPX American Beacon IntePairCorr
  0.93AAIEX American Beacon IntePairCorr
  0.88SFMIX American Beacon StephensPairCorr
  0.93AAISX American Beacon IntePairCorr
  1.0AALRX American Beacon LargePairCorr
  0.94BWLYX American Beacon BridgewayPairCorr
  0.94BWLRX American Beacon BridgewayPairCorr
  0.94BWLIX American Beacon BridgewayPairCorr
  0.94BWLCX American Beacon BridgewayPairCorr
  0.94BWLAX American Beacon BridgewayPairCorr
  0.98AASRX American Beacon SmallPairCorr
  0.98AASSX American Beacon SmallPairCorr
  0.87ABCAX American BeaconPairCorr

Related Correlations Analysis


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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