We consider American Beacon not too risky. American Beacon Large
secures Sharpe Ratio (or Efficiency) of 0.0404 which signifies that American Beacon Large
had 0.0404% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a fund is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for American Beacon Large Cap Value C which you can use to evaluate future volatility of the entity. Please confirm American Beacon Large to double-check if risk estimate we provide are consistent with the epected return of 0.0302%. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and American Beacon are completely uncorrelated. Although it is extremely important to respect American Beacon Large
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing American Beacon Large technical indicators
you can presently evaluate if the expected return of 0.0302% will be sustainable into the future.
|15 days auto-correlation||(0.68) |
Very good reverse predictability
American Beacon Large Cap Value C has very good reverse predictability. Overlapping area represents the amount of predictability between American Beacon time series from May 25, 2018 to June 9, 2018 and June 9, 2018 to June 24, 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 -0.68 indicates that around 68.0% 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|| -0.68|
|Spearman Rank Test|| -0.51|
|Price Variance|| 0.04|
|Lagged Price Variance|| 0.07|