American Beacon Shapiro Fund Market Value
| SHXIX Fund | USD 14.07 0.23 1.66% |
| Symbol | American |
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 mutual fund 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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in American Beacon on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding American Beacon Shapiro or generate 0.0% return on investment in American Beacon over 30 days. American Beacon is related to or competes with Edgewood Growth, Hartford Schroders, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. Under normal circumstances, at least 80 percent of the funds net assets are invested in equity securities 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 mutual fund 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 Shapiro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | 0.0211 | |||
| Maximum Drawdown | 4.05 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.58 |
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 | 0.0808 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0173 | |||
| Treynor Ratio | 0.0803 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Beacon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
American Beacon Shapiro Backtested Returns
We consider American Beacon very steady. American Beacon Shapiro secures Sharpe Ratio (or Efficiency) of 0.0979, which signifies that the fund had a 0.0979% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for American Beacon Shapiro, which you can use to evaluate the volatility of the entity. Please confirm American Beacon's risk adjusted performance of 0.0808, and Mean Deviation of 0.7013 to double-check if the risk estimate we provide is consistent with the expected return of 0.0915%. The fund shows a Beta (market volatility) of 1.3, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, American Beacon will likely underperform.
Auto-correlation | -0.04 |
Very weak reverse predictability
American Beacon Shapiro has very weak reverse predictability. Overlapping area represents the amount of predictability between American Beacon time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Shapiro price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current American Beacon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
American Beacon Shapiro lagged returns against current returns
Autocorrelation, which is American Beacon mutual fund'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 mutual fund 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 mutual fund 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Beacon mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Beacon mutual fund 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 mutual fund 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in American Beacon Shapiro.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards American Beacon in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, American Beacon's short interest history, or implied volatility extrapolated from American Beacon options trading.
Currently Active Assets on Macroaxis
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
American Beacon technical mutual fund 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, fund market cycles, or different charting patterns.