American Beacon Correlations
| SFMIX Fund | USD 37.39 0.04 0.11% |
The current 90-days correlation between American Beacon Stephens and T Rowe Price is 0.88 (i.e., Very poor 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
Poor diversification
The correlation between American Beacon Stephens and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Stephens and DJI in the same portfolio, assuming nothing else is changed.
American |
Moving together with American Mutual Fund
| 0.86 | BRLGX | American Beacon Bridgeway | PairCorr |
| 1.0 | STMGX | American Beacon Stephens | PairCorr |
| 0.95 | STSGX | American Beacon Stephens | PairCorr |
| 0.96 | STSIX | American Beacon Stephens | PairCorr |
| 0.96 | STSRX | American Beacon Stephens | PairCorr |
| 1.0 | SFMRX | American Beacon Stephens | PairCorr |
| 0.96 | AASRX | American Beacon Small | PairCorr |
| 0.93 | AASSX | American Beacon Small | PairCorr |
Moving against American Mutual Fund
| 0.63 | GHQPX | Amer Beacon Garcia | PairCorr |
| 0.63 | GHQRX | American Beacon Garcia | PairCorr |
| 0.62 | GHQIX | Amer Beacon Garcia | PairCorr |
| 0.62 | GHQYX | Amer Beacon Garcia | PairCorr |
| 0.49 | SSIJX | American Beacon Ssi | PairCorr |
| 0.4 | TFBRX | American Beacon Twen | PairCorr |
| 0.39 | TFBYX | American Beacon Twen | PairCorr |
| 0.36 | TFBAX | American Beacon Twen | PairCorr |
| 0.35 | TFBCX | American Beacon Twen | PairCorr |
| 0.38 | AAERX | American Beacon Intl | PairCorr |
| 0.38 | AAISX | American Beacon Inte | PairCorr |
| 0.37 | AAIPX | American Beacon Inte | PairCorr |
| 0.37 | AAIEX | American Beacon Inte | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PAGLX | 0.76 | (0.05) | 0.00 | (0.06) | 0.00 | 1.27 | 4.65 | |||
| NEAIX | 1.41 | (0.15) | 0.00 | (0.12) | 0.00 | 2.28 | 7.47 | |||
| PIGDX | 0.82 | 0.05 | 0.04 | 0.08 | 1.13 | 1.84 | 7.09 | |||
| VDIGX | 0.61 | (0.04) | 0.00 | 0.21 | 0.00 | 0.95 | 3.57 | |||
| TFAGX | 1.02 | (0.09) | 0.00 | 0.54 | 0.00 | 1.73 | 5.37 | |||
| TAAEX | 1.72 | (0.14) | 0.00 | (0.09) | 0.00 | 3.16 | 9.89 | |||
| FGTZX | 0.62 | (0.03) | 0.00 | (0.04) | 0.00 | 1.08 | 3.38 |