American Beacon Correlations

Mutual Funds USA . 
Fund . American Beacon Funds
TFGCX Fund  USD 8.47  0.02  0.24%   
The current 90-days correlation between American Beacon Funds and Transamerica Asset Allocation is 0.53 (i.e., Very 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

Very weak diversification

The correlation between American Beacon Funds and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Funds 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 Funds. 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 main economic indicators.

Moving together with American Mutual Fund

  0.79BRLGX American Beacon BridgewayPairCorr
  0.87BRLVX American Beacon BridgewayPairCorr
  0.94TFGPX American Beacon TwenPairCorr
  0.93TFGIX American Beacon TwenPairCorr
  0.93TFGYX American Beacon TwenPairCorr
  0.73STMGX American Beacon StephensPairCorr
  0.72STSGX American Beacon StephensPairCorr
  0.72STSIX American Beacon StephensPairCorr
  0.72STSRX American Beacon StephensPairCorr
  0.69TIVFX Tocqueville IntePairCorr
  0.88AABPX American Beacon BalancedPairCorr
  0.88AADEX American Beacon LargePairCorr
  0.88AADBX American Beacon BalancedPairCorr
  0.73SFMRX American Beacon StephensPairCorr
  0.88AAGPX American Beacon LargePairCorr
  0.73SFMIX American Beacon StephensPairCorr
  0.88AALRX American Beacon LargePairCorr
  0.87BWLYX American Beacon BridgewayPairCorr
  0.87BWLRX American Beacon BridgewayPairCorr
  0.87BWLIX American Beacon BridgewayPairCorr
  0.86BWLCX American Beacon BridgewayPairCorr
  0.87BWLAX American Beacon BridgewayPairCorr
  0.78AASRX American Beacon SmallPairCorr
  0.78AASSX American Beacon SmallPairCorr
  0.91ABCAX American BeaconPairCorr
  0.91ABCVX 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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