American Beacon Correlations

SHOIX Fund

USD 9.34 0.01 0.11%

The current 90-days correlation between American Beacon Sim and American Beacon Ssi is -0.07 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

American Beacon Correlation With Market

Good diversification

The correlation between American Beacon Sim and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Sim 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 Sim. 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 gross domestic product.

Related Correlations Analysis

	SSIJX	BRLGX	BRLVX	TFBCX	TFBAX	TFBRX	TFBYX	TFGPX	TFGIX	TFGYX
SSIJX		0.88	0.89	0.7	0.77	0.83	0.8	0.55	0.57	0.54	SSIJX
BRLGX	0.88		0.88	0.63	0.71	0.77	0.72	0.69	0.66	0.65	BRLGX
BRLVX	0.89	0.88		0.62	0.67	0.73	0.66	0.51	0.53	0.52	BRLVX
TFBCX	0.7	0.63	0.62		0.96	0.95	0.89	0.69	0.71	0.7	TFBCX
TFBAX	0.77	0.71	0.67	0.96		0.98	0.93	0.74	0.75	0.74	TFBAX
TFBRX	0.83	0.77	0.73	0.95	0.98		0.94	0.73	0.74	0.72	TFBRX
TFBYX	0.8	0.72	0.66	0.89	0.93	0.94		0.69	0.68	0.67	TFBYX
TFGPX	0.55	0.69	0.51	0.69	0.74	0.73	0.69		0.98	0.98	TFGPX
TFGIX	0.57	0.66	0.53	0.71	0.75	0.74	0.68	0.98		0.99	TFGIX
TFGYX	0.54	0.65	0.52	0.7	0.74	0.72	0.67	0.98	0.99		TFGYX
	SSIJX	BRLGX	BRLVX	TFBCX	TFBAX	TFBRX	TFBYX	TFGPX	TFGIX	TFGYX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SSIJX	0.06	0.02	0.00	0.94	0.00	0.00	0.10	(0.10)	0.60
BRLGX	0.65	0.07	0.06	0.18	0.73	(0.70)	1.51	(1.38)	4.73
BRLVX	0.59	0.00	0.00	0.09	0.43	(0.70)	1.33	(0.81)	4.67
TFBCX	0.07	0.00	(0.56)	(0.48)	0.02	(0.12)	0.12	(0.12)	0.59
TFBAX	0.06	0.00	(0.68)	(0.17)	0.00	(0.11)	0.11	(0.11)	0.34
TFBRX	0.06	0.00	(0.53)	0.03	0.00	(0.12)	0.12	(0.12)	0.46
TFBYX	0.06	0.00	(0.66)	(0.37)	0.00	(0.11)	0.11	(0.11)	0.34
TFGPX	0.10	0.01	(0.51)	0.23	0.00	(0.16)	0.23	(0.23)	0.47
TFGIX	0.10	0.00	(0.52)	0.16	0.00	(0.17)	0.23	(0.23)	0.57
TFGYX	0.10	0.00	(0.50)	0.09	0.00	(0.15)	0.23	(0.23)	0.69

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American Beacon Correlations

American Beacon Correlation With Market

Good diversification

Related Correlations Analysis

Risk-Adjusted Indicators

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