American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Bridgeway
BWLAX Fund  USD 28.27  0.07  0.25%   
The current 90-days correlation between American Beacon Bridgeway and American Beacon Bridgeway is 1.0 (i.e., No risk reduction). 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

Almost no diversification

The correlation between American Beacon Bridgeway and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Bridgeway and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Beacon Bridgeway. 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

  0.86SSIJX American Beacon SsiPairCorr
  0.95BRLGX American Beacon BridgewayPairCorr
  1.0BRLVX American Beacon BridgewayPairCorr
  0.62TFBAX American Beacon TwenPairCorr
  0.67TFBRX American Beacon TwenPairCorr
  0.65TFBYX American Beacon TwenPairCorr
  0.97STMGX American Beacon StephensPairCorr
  0.97STSGX American Beacon StephensPairCorr
  0.97STSIX American Beacon StephensPairCorr
  0.97STSRX American Beacon StephensPairCorr
  0.97AABPX American Beacon BalancedPairCorr
  0.99AADEX American Beacon LargePairCorr
  0.97AADBX American Beacon BalancedPairCorr
  0.97SFMRX American Beacon StephensPairCorr
  0.93AAGPX American Beacon LargePairCorr
  0.97SFMIX American Beacon StephensPairCorr
  0.99AALRX American Beacon LargePairCorr
  1.0BWLYX American Beacon BridgewayPairCorr
  1.0BWLRX American Beacon BridgewayPairCorr
  0.95BWLIX American Beacon BridgewayPairCorr
  1.0BWLCX American Beacon BridgewayPairCorr
  0.97AASRX American Beacon SmallPairCorr
  0.96AASSX American Beacon SmallPairCorr
  0.93ABCAX American BeaconPairCorr

Moving against American Mutual Fund

  0.77GHQIX Amer Beacon GarciaPairCorr
  0.77GHQPX Amer Beacon GarciaPairCorr
  0.77GHQRX American Beacon GarciaPairCorr
  0.77GHQYX Amer Beacon GarciaPairCorr
  0.37TIVFX Tocqueville IntePairCorr
  0.64AAERX American Beacon IntlPairCorr
  0.64AAIPX American Beacon IntePairCorr
  0.64AAIEX American Beacon IntePairCorr
  0.64AAISX American Beacon IntePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
ACSLX
+ 1.0
ASERX
ASERX
+ 0.92
BRLVX
ACSLX
+ 0.92
BRLVX
MFOIX
+ 0.74
BRLVX
MFOIX
+ 0.73
ASERX
MFOIX
+ 0.73
ACSLX
  
High negative correlations   
WPSKX
- 0.18
ACSLX
WPSKX
- 0.18
ASERX
MFOIX
- 0.13
WPSKX
WPSKX
- 0.1
BRLVX

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY