Amer Beacon Correlations

GHQYX Fund

USD 8.56 0.06 0.71%

The current 90-days correlation between Amer Beacon Garcia and Eventide Healthcare Life is 0.39 (i.e., Weak diversification). The correlation of Amer 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.

Amer Beacon Correlation With Market

Modest diversification

The correlation between Amer Beacon Garcia and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amer Beacon Garcia and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Amer Beacon Garcia. 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 manufacturing.

Moving together with Amer Mutual Fund

0.62	BRLGX	American Beacon Bridgeway	Pair Corr
0.74	BRLVX	American Beacon Bridgeway	Pair Corr
0.61	TFGYX	American Beacon Twen	Pair Corr
0.67	TFGCX	American Beacon Funds	Pair Corr
0.74	STMGX	American Beacon Stephens	Pair Corr
0.65	STSGX	American Beacon Stephens	Pair Corr
0.64	STSIX	American Beacon Stephens	Pair Corr
0.68	TIVFX	Tocqueville Inte	Pair Corr
1.0	GHQIX	Amer Beacon Garcia	Pair Corr
1.0	GHQPX	Amer Beacon Garcia	Pair Corr
1.0	GHQRX	American Beacon Garcia	Pair Corr
0.72	AABPX	American Beacon Balanced	Pair Corr
0.75	AADEX	American Beacon Large	Pair Corr
0.74	AADBX	American Beacon Balanced	Pair Corr
0.75	AAERX	American Beacon Intl	Pair Corr
0.71	SFMRX	American Beacon Stephens	Pair Corr
0.73	AAGPX	American Beacon Large	Pair Corr
0.81	AAIPX	American Beacon Inte	Pair Corr
0.75	AAIEX	American Beacon Inte	Pair Corr
0.73	SFMIX	American Beacon Stephens	Pair Corr
0.76	AAISX	American Beacon Inte	Pair Corr
0.78	AALRX	American Beacon Large	Pair Corr
0.7	BWLYX	American Beacon Bridgeway	Pair Corr
0.7	BWLRX	American Beacon Bridgeway	Pair Corr
0.74	BWLIX	American Beacon Bridgeway	Pair Corr
0.69	BWLCX	American Beacon Bridgeway	Pair Corr
0.7	BWLAX	American Beacon Bridgeway	Pair Corr
0.7	AASRX	American Beacon Small	Pair Corr
0.66	AASSX	American Beacon Small	Pair Corr
0.79	ABCAX	American Beacon	Pair Corr

Related Correlations Analysis

	ETAHX	LHCCX	XHQHX	PRHSX	LYFAX	XXGRX	BGHDX
ETAHX		0.82	0.72	0.81	0.84	0.8	0.14	ETAHX
LHCCX	0.82		0.72	0.89	0.9	0.88	0.16	LHCCX
XHQHX	0.72	0.72		0.85	0.83	0.64	0.04	XHQHX
PRHSX	0.81	0.89	0.85		0.95	0.88	0.04	PRHSX
LYFAX	0.84	0.9	0.83	0.95		0.9	0.03	LYFAX
XXGRX	0.8	0.88	0.64	0.88	0.9		-0.07	XXGRX
BGHDX	0.14	0.16	0.04	0.04	0.03	-0.07		BGHDX
	ETAHX	LHCCX	XHQHX	PRHSX	LYFAX	XXGRX	BGHDX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LYFAX	+ 0.95	PRHSX
LYFAX	+ 0.9	LHCCX
XXGRX	+ 0.9	LYFAX
PRHSX	+ 0.89	LHCCX
XXGRX	+ 0.88	LHCCX
XXGRX	+ 0.88	PRHSX

High negative correlations

BGHDX

- 0.07

XXGRX

Risk-Adjusted Indicators

There is a big difference between Amer Mutual Fund performing well and Amer 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 Amer 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ETAHX	1.11	0.01	0.01	0.02	1.50	(1.21)	1.85	(2.49)	7.13
LHCCX	0.73	0.01	0.00	(0.05)	1.03	(0.71)	1.50	(1.44)	4.79
XHQHX	0.81	(0.02)	0.00	0.04	0.00	0.00	1.74	(1.66)	5.93
PRHSX	0.69	(0.07)	0.00	0.35	0.00	0.00	1.35	(1.50)	3.59
LYFAX	0.58	0.03	0.04	(0.62)	0.71	(0.59)	1.12	(1.18)	2.95
XXGRX	0.74	(0.01)	0.00	(0.16)	0.00	0.00	1.51	(1.62)	4.50
BGHDX	0.45	0.07	0.03	(0.52)	0.85	(1.57)	1.27	(0.85)	8.70

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