American Beacon Select Etf Market Value
| MGNR Etf | 32.72 0.02 0.06% |
| Symbol | American |
The market value of American Beacon Select is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Beacon's value that differs from its market value or its book value, called intrinsic value, which is American Beacon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because American Beacon's market value can be influenced by many factors that don't directly affect American Beacon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between American Beacon's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Beacon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Beacon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
American Beacon 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to American Beacon's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of American Beacon.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in American Beacon on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding American Beacon Select or generate 0.0% return on investment in American Beacon over 30 days. American Beacon is related to or competes with Sprott Junior, Sprott Junior, and Sprott Nickel. American Beacon is entity of United States More
American Beacon Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure American Beacon's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess American Beacon Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0553 | |||
| Maximum Drawdown | 7.43 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.4 |
American Beacon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Beacon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Beacon's standard deviation. In reality, there are many statistical measures that can use American Beacon historical prices to predict the future American Beacon's volatility.| Risk Adjusted Performance | 0.1188 | |||
| Jensen Alpha | 0.0962 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0543 | |||
| Treynor Ratio | 0.2351 |
American Beacon Select Backtested Returns
Currently, American Beacon Select is very steady. American Beacon Select secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the etf had a 0.12% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for American Beacon Select, which you can use to evaluate the volatility of the entity. Please confirm American Beacon's mean deviation of 1.02, and Risk Adjusted Performance of 0.1188 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The etf shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, American Beacon's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Beacon is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
American Beacon Select has good predictability. Overlapping area represents the amount of predictability between American Beacon time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of American Beacon Select price movement. The serial correlation of 0.72 indicates that around 72.0% of current American Beacon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
American Beacon Select lagged returns against current returns
Autocorrelation, which is American Beacon etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting American Beacon's etf expected returns. We can calculate the autocorrelation of American Beacon returns to help us make a trade decision. For example, suppose you find that American Beacon has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
American Beacon regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If American Beacon etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Beacon etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Beacon etf over time.
Current vs Lagged Prices |
| Timeline |
American Beacon Lagged Returns
When evaluating American Beacon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Beacon etf have on its future price. American Beacon autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, American Beacon autocorrelation shows the relationship between American Beacon etf current value and its past values and can show if there is a momentum factor associated with investing in American Beacon Select.
Regressed Prices |
| Timeline |
Pair Trading with American Beacon
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Beacon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Beacon will appreciate offsetting losses from the drop in the long position's value.Moving together with American Etf
| 0.7 | EV | Mast Global Battery | PairCorr |
| 0.81 | VAW | Vanguard Materials Index | PairCorr |
| 0.95 | XME | SPDR SP Metals | PairCorr |
| 0.79 | PHO | Invesco Water Resources | PairCorr |
The ability to find closely correlated positions to American Beacon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Beacon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Beacon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Beacon Select to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Beacon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Beacon Select moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Beacon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out American Beacon Correlation, American Beacon Volatility and American Beacon Alpha and Beta module to complement your research on American Beacon. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
American Beacon technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.