American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Sim
SHOAX Fund  USD 9.26  0.01  0.11%   
The current 90-days correlation between American Beacon Sim and Tax Managed International Equity is 0.3 (i.e., Weak 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

Modest diversification

The correlation between American Beacon Sim and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Sim and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in American Beacon Sim. 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 nation.

Moving together with American Mutual Fund

  1.0SHOYX American Beacon SimPairCorr
  0.97VWEAX Vanguard High YieldPairCorr
  0.98VWEHX Vanguard High YieldPairCorr
  0.94BHYCX Blackrock Hi YldPairCorr
  0.97BHYIX Blackrock High YieldPairCorr
  0.97BHYSX Blackrock Hi YldPairCorr
  0.96BHYAX Blackrock High YieldPairCorr
  0.98FAHHX American Funds AmericanPairCorr
  0.98FTAHX American Funds AmericanPairCorr
  0.98AHTFX American High IncomePairCorr
  0.97AHTCX American High IncomePairCorr
  0.64OSPPX Oppenheimer Steelpath MlpPairCorr
  0.64SPMPX Invesco Steelpath MlpPairCorr
  0.64SPMJX Invesco Steelpath MlpPairCorr

Moving against American Mutual Fund

  0.77SOUAX American Beacon SounPairCorr
  0.76AHLAX American Beacon AhlPairCorr
  0.76SPFLX American Beacon SoundPairCorr
  0.76SPFYX American Beacon SounPairCorr
  0.4AVFIX American Beacon SmallPairCorr
  0.39SPWAX American Beacon StephensPairCorr
  0.32BLYAX American Beacon BridgewayPairCorr
  0.31BRLGX American Beacon BridgewayPairCorr
  0.69SMPIX Semiconductor UltrasectorPairCorr
  0.52SMPSX Semiconductor UltrasectorPairCorr
  0.48RGNCX Victory Global NaturalPairCorr
  0.47RSNYX Victory Global NaturalPairCorr
  0.47RSNRX Victory Global NaturalPairCorr

Related Correlations Analysis

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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.

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