American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Twentyfour
TFBYX Fund  USD 8.86  0.01  0.11%   
The current 90-days correlation between American Beacon Twen and Ab Small Cap is 0.14 (i.e., Average 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

Modest diversification

The correlation between American Beacon Twentyfour and DJI is 0.2 (i.e., Modest 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 manufacturing.

Moving together with American Mutual Fund

  0.92SSIJX American Beacon SsiPairCorr
  0.99TFBCX American Beacon TwenPairCorr
  0.99TFBAX American Beacon TwenPairCorr
  0.99TFBRX American Beacon TwenPairCorr
  0.91TFGPX American Beacon TwenPairCorr
  0.91TFGIX American Beacon TwenPairCorr
  0.9TFGYX American Beacon TwenPairCorr
  0.85TFGCX American Beacon FundsPairCorr
  0.9TFSAX American Beacon FundsPairCorr

Moving against American Mutual Fund

  0.57TIVFX Tocqueville IntePairCorr
  0.5BRLVX American Beacon BridgewayPairCorr
  0.5AABPX American Beacon BalancedPairCorr
  0.5AADEX American Beacon LargePairCorr
  0.47AADBX American Beacon BalancedPairCorr
  0.34BRLGX American Beacon BridgewayPairCorr
  0.59AAERX American Beacon IntlPairCorr
  0.58AAIPX American Beacon IntePairCorr
  0.57AAIEX American Beacon IntePairCorr
  0.57AAISX American Beacon IntePairCorr
  0.53ABCAX American BeaconPairCorr
  0.53ABCYX American BeaconPairCorr
  0.53ABECX American BeaconPairCorr
  0.52AAGPX American Beacon LargePairCorr
  0.51BWLCX American Beacon BridgewayPairCorr
  0.51ABCRX American BeaconPairCorr
  0.5AALRX American Beacon LargePairCorr
  0.5BWLYX American Beacon BridgewayPairCorr
  0.5BWLIX American Beacon BridgewayPairCorr
  0.5BWLAX American Beacon BridgewayPairCorr
  0.5ABCVX American BeaconPairCorr
  0.5ABCIX American BeaconPairCorr

Related Correlations Analysis

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.

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