American Beacon Large Backtested Returns
Macroaxis considers American Beacon to be not too volatile. American Beacon Large
secures Sharpe Ratio (or Efficiency) of -0.1509 which signifies that American Beacon Large
had -0.1509% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. American Beacon Large Cap Value C exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm American Beacon Large Mean Deviation
of 1.08 and Risk Adjusted Performance
of 0.16 to double-check risk estimate we provide. The organization shows Beta (market volatility) of -0.2977 which signifies that as returns on market increase, returns on owning American Beacon are expected to decrease at a much smaller rate. During bear market, American Beacon is likely to outperform the market.. Even though it is essential to pay attention to American Beacon Large historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. American Beacon Large Cap Value C exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.53) |
Good reverse predictability
American Beacon Large Cap Value C has good reverse predictability. Overlapping area represents the amount of predictability between American Beacon time series from January 20, 2018 to February 4, 2018 and February 4, 2018 to February 19, 2018. 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 Large price movement. The serial correlation of -0.53 indicates that about 53.0% of current American Beacon price fluctuation can be explain by its past prices. Given that American Beacon Large Cap Value C has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of American Beacon for similar time interval.
|Correlation Coefficient|| -0.53|
|Spearman Rank Test|| -0.07|
|Price Variance|| 0.14|
|Lagged Price Variance|| 0.04|
American Beacon Lagged Returns