American Beacon Related Correlations

Generate correlation matrix for American Beacon and other related equities to check the degree to which American Beacon Mid Cap price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for American Beacon Mid Cap. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Specify up to 10 symbols:
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.

Correlations

AMDRX
AMFBX
IKTEX
GLGIX
GLGPX
GLGUX
GLGYX
GLGAX
AMPAX
AMDRX
0.00.00.00.00.00.00.00.0
AMDRX
AMFBX
0.00.00.00.00.00.00.00.0
AMFBX
IKTEX
0.00.00.00.00.00.00.00.0
IKTEX
GLGIX
0.00.00.00.00.00.00.00.0
GLGIX
GLGPX
0.00.00.00.00.00.00.00.0
GLGPX
GLGUX
0.00.00.00.00.00.00.00.0
GLGUX
GLGYX
0.00.00.00.00.00.00.00.0
GLGYX
GLGAX
0.00.00.00.00.00.00.00.0
GLGAX
AMPAX
0.00.00.00.00.00.00.00.0
AMPAX
AMDRX
AMFBX
IKTEX
GLGIX
GLGPX
GLGUX
GLGYX
GLGAX
AMPAX
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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   
AMFBXAMDRX
IKTEXAMDRX
GLGIXAMDRX
GLGPXAMDRX
GLGUXAMDRX
GLGYXAMDRX
  
High negative correlations   
AMPAXGLGAX
AMPAXGLGYX
GLGAXGLGYX
AMPAXGLGUX
GLGAXGLGUX
GLGYXGLGUX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDRX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AMFBX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
IKTEX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GLGIX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GLGPX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GLGUX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GLGYX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GLGAX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AMPAX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00