American Beacon Correlations

STMGX Fund

USD 29.61 0.02 0.07%

The current 90-days correlation between American Beacon Stephens and American Beacon Stephens is 0.93 (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

Poor diversification

The correlation between American Beacon Stephens and DJI is 0.66 (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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in American Beacon Stephens. 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 price.

Moving together with American Mutual Fund

0.88	BRLGX	American Beacon Bridgeway	Pair Corr
0.62	BRLVX	American Beacon Bridgeway	Pair Corr
0.96	STSGX	American Beacon Stephens	Pair Corr
0.97	STSIX	American Beacon Stephens	Pair Corr
0.97	STSRX	American Beacon Stephens	Pair Corr
1.0	SFMRX	American Beacon Stephens	Pair Corr
1.0	SFMIX	American Beacon Stephens	Pair Corr
0.62	BWLYX	American Beacon Bridgeway	Pair Corr
0.62	BWLRX	American Beacon Bridgeway	Pair Corr
0.62	BWLIX	American Beacon Bridgeway	Pair Corr
0.61	BWLCX	American Beacon Bridgeway	Pair Corr
0.62	BWLAX	American Beacon Bridgeway	Pair Corr
0.95	AASRX	American Beacon Small	Pair Corr
0.94	AASSX	American Beacon Small	Pair Corr

Moving against American Mutual Fund

0.63	GHQPX	Amer Beacon Garcia	Pair Corr
0.63	GHQRX	American Beacon Garcia	Pair Corr
0.62	GHQIX	Amer Beacon Garcia	Pair Corr
0.62	GHQYX	Amer Beacon Garcia	Pair Corr
0.5	SSIJX	American Beacon Ssi	Pair Corr
0.41	TFBRX	American Beacon Twen	Pair Corr
0.4	TFBYX	American Beacon Twen	Pair Corr
0.38	TFBAX	American Beacon Twen	Pair Corr
0.36	TFBCX	American Beacon Twen	Pair Corr
0.36	AAISX	American Beacon Inte	Pair Corr
0.35	AAERX	American Beacon Intl	Pair Corr
0.35	AAIPX	American Beacon Inte	Pair Corr
0.35	AAIEX	American Beacon Inte	Pair Corr

Related Correlations Analysis

	STSGX	STSIX	SFMIX	SPWAX	BMDSX
STSGX		1.0	0.95	1.0	0.96	STSGX
STSIX	1.0		0.96	1.0	0.97	STSIX
SFMIX	0.95	0.96		0.95	0.94	SFMIX
SPWAX	1.0	1.0	0.95		0.95	SPWAX
BMDSX	0.96	0.97	0.94	0.95		BMDSX
	STSGX	STSIX	SFMIX	SPWAX	BMDSX

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
STSGX	1.10	(0.25)	(0.22)	1.66	(2.86)	7.51
STSIX	1.07	(0.23)	(0.20)	1.68	(2.83)	6.14
SFMIX	1.01	(0.16)	(0.14)	1.81	(2.76)	5.31
SPWAX	1.11	(0.25)	(0.23)	1.62	(2.81)	7.69
BMDSX	0.88	(0.18)	(0.17)	1.60	(2.04)	4.94

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

2024 Macroaxis LLC