Amer Beacon Correlations
| GHQYX Fund | USD 8.59 0.01 0.12% |
The current 90-days correlation between Amer Beacon Garcia and Tiaa Cref Inflation Link is 0.08 (i.e., Significant 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.
Amer |
Moving together with Amer Mutual Fund
| 0.89 | SSIJX | American Beacon Ssi | PairCorr |
| 0.88 | TFBCX | American Beacon Twen | PairCorr |
| 0.89 | TFBAX | American Beacon Twen | PairCorr |
| 0.87 | TFBRX | American Beacon Twen | PairCorr |
| 0.86 | TFBYX | American Beacon Twen | PairCorr |
| 0.79 | TFGPX | American Beacon Twen | PairCorr |
| 0.79 | TFGIX | American Beacon Twen | PairCorr |
| 0.82 | TFGYX | American Beacon Twen | PairCorr |
| 0.78 | TFGCX | American Beacon Funds | PairCorr |
| 0.79 | TFSAX | American Beacon Funds | PairCorr |
| 1.0 | GHQIX | Amer Beacon Garcia | PairCorr |
| 1.0 | GHQPX | Amer Beacon Garcia | PairCorr |
| 1.0 | GHQRX | American Beacon Garcia | PairCorr |
| 0.91 | AAERX | American Beacon Intl | PairCorr |
| 0.88 | AAIPX | American Beacon Inte | PairCorr |
| 0.91 | AAIEX | American Beacon Inte | PairCorr |
| 0.87 | AAISX | American Beacon Inte | PairCorr |
| 0.64 | ABCAX | American Beacon | PairCorr |
Moving against Amer Mutual Fund
| 0.75 | STSGX | American Beacon Stephens | PairCorr |
| 0.75 | STSIX | American Beacon Stephens | PairCorr |
| 0.75 | STSRX | American Beacon Stephens | PairCorr |
| 0.63 | STMGX | American Beacon Stephens | PairCorr |
| 0.34 | TIVFX | Tocqueville International | PairCorr |
| 0.73 | AASRX | American Beacon Small | PairCorr |
| 0.69 | AASSX | American Beacon Small | PairCorr |
| 0.63 | SFMIX | American Beacon Stephens | PairCorr |
| 0.6 | SFMRX | American Beacon Stephens | PairCorr |
Related Correlations Analysis
| 1.0 | 1.0 | 0.96 | 1.0 | 1.0 | 1.0 | TIIHX | ||
| 1.0 | 1.0 | 0.97 | 1.0 | 1.0 | 1.0 | HIPAX | ||
| 1.0 | 1.0 | 0.96 | 1.0 | 1.0 | 1.0 | TIILX | ||
| 0.96 | 0.97 | 0.96 | 0.97 | 0.97 | 0.97 | PFRMX | ||
| 1.0 | 1.0 | 1.0 | 0.97 | 1.0 | 1.0 | ABNTX | ||
| 1.0 | 1.0 | 1.0 | 0.97 | 1.0 | 1.0 | ABNZX | ||
| 1.0 | 1.0 | 1.0 | 0.97 | 1.0 | 1.0 | ANBIX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIIHX | 0.15 | 0.03 | 0.41 | 1.36 | 0.00 | 0.37 | 1.04 | |||
| HIPAX | 0.14 | 0.02 | 0.36 | 0.71 | 0.00 | 0.30 | 0.99 | |||
| TIILX | 0.16 | 0.03 | 0.41 | 1.85 | 0.00 | 0.37 | 1.04 | |||
| PFRMX | 0.23 | 0.05 | 0.32 | 0.63 | 0.11 | 0.49 | 1.34 | |||
| ABNTX | 0.15 | 0.03 | 0.41 | 2.19 | 0.00 | 0.30 | 0.99 | |||
| ABNZX | 0.15 | 0.03 | 0.43 | 1.40 | 0.00 | 0.30 | 0.88 | |||
| ANBIX | 0.16 | 0.03 | 0.41 | 1.08 | 0.00 | 0.38 | 0.98 |