American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Small
AASRX Fund  USD 24.50  0.14  0.57%   
The current 90-days correlation between American Beacon Small and Victory Diversified Stock is 0.91 (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 Small and DJI is 0.9 (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 Small 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 Small. 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 metropolitan statistical area.

Moving together with American Mutual Fund

  0.93SSIJX American Beacon SsiPairCorr
  0.95BRLGX American Beacon BridgewayPairCorr
  0.98BRLVX American Beacon BridgewayPairCorr
  0.81TFBCX American Beacon TwenPairCorr
  0.81TFBAX American Beacon TwenPairCorr
  0.82TFBRX American Beacon TwenPairCorr
  0.81TFBYX American Beacon TwenPairCorr
  0.89TFGPX American Beacon TwenPairCorr
  0.89TFGCX American Beacon FundsPairCorr
  0.89TFSAX American Beacon FundsPairCorr
  0.94STMGX American Beacon StephensPairCorr
  0.95STSGX American Beacon StephensPairCorr
  0.95STSIX American Beacon StephensPairCorr
  0.95STSRX American Beacon StephensPairCorr
  0.84TIVFX Tocqueville InternationalPairCorr
  0.99AABPX American Beacon BalancedPairCorr
  0.99AADEX American Beacon LargePairCorr
  0.99AADBX American Beacon BalancedPairCorr
  0.9AAERX American Beacon IntlPairCorr
  0.94SFMRX American Beacon StephensPairCorr
  0.99AAGPX American Beacon LargePairCorr
  0.9AAIPX American Beacon IntePairCorr
  0.9AAIEX American Beacon IntePairCorr
  0.94SFMIX American Beacon StephensPairCorr
  0.9AAISX American Beacon IntePairCorr
  0.99AALRX American Beacon LargePairCorr
  0.98BWLYX American Beacon BridgewayPairCorr
  0.98BWLRX American Beacon BridgewayPairCorr
  0.98BWLIX American Beacon BridgewayPairCorr
  0.87BWLCX American Beacon BridgewayPairCorr
  0.98BWLAX American Beacon BridgewayPairCorr
  1.0AASSX American Beacon SmallPairCorr
  0.96ABCAX American BeaconPairCorr
  0.96ABCVX American BeaconPairCorr
  0.96ABCYX American BeaconPairCorr
  0.96ABCRX 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY