American Beacon Correlations

CPII Etf

USD 18.94 0.02 0.11%

The current 90-days correlation between American Beacon Select and First Trust Exchange Traded is -0.16 (i.e., Good 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.

American Beacon Correlation With Market

Significant diversification

The correlation between American Beacon Select and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Select and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with American Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Beacon Select. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against American Etf

0.6	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.47	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.45	IVV	iShares Core SP	Pair Corr
0.44	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.4	VTI	Vanguard Total Stock	Pair Corr
0.38	TOT	Advisor Managed Port	Pair Corr
0.83	CLOX	Series Portfolios Trust	Pair Corr
0.78	MYCI	SPDR SSGA My2029	Pair Corr
0.77	FSST	Fidelity Sustainability	Pair Corr
0.76	SLX	VanEck Steel ETF	Pair Corr
0.67	ECOW	Pacer Emerging Markets	Pair Corr
0.64	QLC	FlexShares Quality Large	Pair Corr
0.51	HEZU	iShares Currency Hedged	Pair Corr
0.41	BATT	Amplify Lithium Battery	Pair Corr
0.4	ITDJ	iShares Trust	Pair Corr
0.35	SMLV	SPDR SSGA Small	Pair Corr
0.32	QQQM	Invesco NASDAQ 100	Pair Corr
0.31	QULL	ETRACS 2x Leveraged	Pair Corr
0.82	PHT	PHT	Pair Corr
0.72	PBJA	PGIM Rock ETF	Pair Corr
0.7	CPSU	Calamos SP 500	Pair Corr
0.66	SGOL	abrdn Physical Gold	Pair Corr
0.63	HLAL	Wahed FTSE USA	Pair Corr
0.61	FTBI	First Trust Exchange	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.67	0.51	-0.59	0.48	-0.51	0.22	-0.18	-0.51	-0.59	META
MSFT	0.67		0.84	-0.52	0.38	-0.17	0.03	-0.35	-0.78	-0.61	MSFT
UBER	0.51	0.84		-0.6	0.56	-0.17	-0.21	-0.36	-0.85	-0.62	UBER
F	-0.59	-0.52	-0.6		-0.68	0.44	0.33	0.47	0.67	0.75	F
T	0.48	0.38	0.56	-0.68		-0.38	-0.55	-0.3	-0.49	-0.49	T
A	-0.51	-0.17	-0.17	0.44	-0.38		-0.23	-0.28	0.33	0.15	A
CRM	0.22	0.03	-0.21	0.33	-0.55	-0.23		0.44	0.15	0.24	CRM
JPM	-0.18	-0.35	-0.36	0.47	-0.3	-0.28	0.44		0.42	0.47	JPM
MRK	-0.51	-0.78	-0.85	0.67	-0.49	0.33	0.15	0.42		0.68	MRK
XOM	-0.59	-0.61	-0.62	0.75	-0.49	0.15	0.24	0.47	0.68		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.84	MSFT
XOM	+ 0.75	F
XOM	+ 0.68	MRK
MSFT	+ 0.67	META
MRK	+ 0.67	F
T	+ 0.56	UBER

High negative correlations

MRK	- 0.85	UBER
MRK	- 0.78	MSFT
T	- 0.68	F
XOM	- 0.62	UBER
XOM	- 0.61	MSFT
F	- 0.6	UBER

American Beacon Constituents Risk-Adjusted Indicators

There is a big difference between American Etf performing well and American Beacon ETF 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.37	(0.25)	0.00	(0.19)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.89	(0.11)	0.00	(0.10)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.47	(0.34)	0.00	(0.25)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.13	0.08	0.16	1.68	(1.65)	3.38	(2.63)	16.30
T	0.96	(0.21)	0.00	(0.71)	0.00	0.00	1.61	(2.18)	5.75
A	1.20	0.11	0.09	0.18	1.20	(1.33)	2.34	(2.21)	11.03
CRM	1.51	0.09	0.04	0.16	1.93	(1.48)	3.66	(2.92)	9.91
JPM	1.07	(0.04)	(0.01)	0.04	1.41	(1.10)	2.00	(1.91)	7.02
MRK	1.41	0.44	0.32	0.61	0.96	(1.80)	4.85	(1.98)	11.45
XOM	0.94	0.06	0.00	0.31	0.98	(1.02)	1.96	(1.51)	4.99

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