American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Twentyfour
TFGIX Fund  USD 8.78  0.02  0.23%   
The current 90-days correlation between American Beacon Twen and Pimco Income Fund is 0.61 (i.e., 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

Significant diversification

The correlation between American Beacon Twentyfour and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Twentyfour 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 Twentyfour. 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 gross domestic product.

Moving together with American Mutual Fund

  0.66SSIJX American Beacon SsiPairCorr
  0.89TFBCX American Beacon TwenPairCorr
  0.87TFBAX American Beacon TwenPairCorr
  0.85TFBRX American Beacon TwenPairCorr
  0.86TFBYX American Beacon TwenPairCorr
  0.97TFGPX American Beacon TwenPairCorr
  0.99TFGYX American Beacon TwenPairCorr
  0.96TFGCX American Beacon FundsPairCorr
  0.97TFSAX American Beacon FundsPairCorr
  0.66AABPX American Beacon BalancedPairCorr
  0.66AADBX American Beacon BalancedPairCorr
  0.61ABCAX American BeaconPairCorr

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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