AMERICAN BEACON Correlations

AAIAX Etf

USD 20.25 0.01 0.05%

The current 90-days correlation between AMERICAN BEACON INTE and FT Vest Equity is -0.13 (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

Significant diversification

The correlation between AMERICAN BEACON INTERNATIONAL and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMERICAN BEACON INTERNATIONAL and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AMERICAN BEACON INTERNATIONAL. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with AMERICAN Etf

0.61	BND	Vanguard Total Bond	Pair Corr
0.62	PMBS	PIMCO Mortgage Backed	Pair Corr

Moving against AMERICAN Etf

0.39	VUG	Vanguard Growth Index	Pair Corr
0.33	VTI	Vanguard Total Stock	Pair Corr
0.33	SPY	SPDR SP 500	Pair Corr
0.33	IVV	iShares Core SP	Pair Corr
0.58	AXP	American Express	Pair Corr
0.48	BA	Boeing	Pair Corr
0.37	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.46	0.68	-0.53	0.66	0.2	-0.15	0.89	-0.83	0.0	META
MSFT	-0.46		-0.68	0.54	-0.72	0.45	0.83	-0.43	0.62	0.05	MSFT
UBER	0.68	-0.68		-0.35	0.79	-0.2	-0.59	0.7	-0.8	0.35	UBER
F	-0.53	0.54	-0.35		-0.35	0.25	0.43	-0.39	0.66	0.55	F
T	0.66	-0.72	0.79	-0.35		-0.41	-0.58	0.56	-0.73	0.14	T
A	0.2	0.45	-0.2	0.25	-0.41		0.55	0.39	0.14	0.13	A
CRM	-0.15	0.83	-0.59	0.43	-0.58	0.55		-0.18	0.44	0.04	CRM
JPM	0.89	-0.43	0.7	-0.39	0.56	0.39	-0.18		-0.77	0.14	JPM
MRK	-0.83	0.62	-0.8	0.66	-0.73	0.14	0.44	-0.77		0.01	MRK
XOM	0.0	0.05	0.35	0.55	0.14	0.13	0.04	0.14	0.01		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.89	META
CRM	+ 0.83	MSFT
T	+ 0.79	UBER
JPM	+ 0.7	UBER
UBER	+ 0.68	META
T	+ 0.66	META

High negative correlations

MRK	- 0.83	META
MRK	- 0.8	UBER
MRK	- 0.77	JPM
MRK	- 0.73	T
T	- 0.72	MSFT
UBER	- 0.68	MSFT

AMERICAN BEACON Competition Risk-Adjusted Indicators

There is a big difference between AMERICAN Etf performing well and AMERICAN BEACON ETF 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
META	1.49	0.20	0.11	0.18	1.74	(1.47)	3.22	(2.31)	8.58
MSFT	1.06	(0.07)	0.00	(0.23)	0.00	0.00	2.56	(2.14)	10.31
UBER	1.95	0.12	0.06	1.22	2.80	(1.97)	4.72	(3.13)	12.28
F	1.42	(0.04)	0.00	(0.11)	0.00	0.00	2.71	(2.89)	10.14
T	1.05	0.31	0.21	0.42	1.34	(1.17)	2.10	(1.97)	11.66
A	1.10	(0.07)	0.00	(0.18)	0.00	0.00	2.80	(2.53)	9.03
CRM	1.44	(0.15)	0.00	(0.26)	0.00	0.00	2.21	(2.95)	15.92
JPM	1.01	0.03	0.00	(0.04)	0.00	0.00	1.97	(1.98)	6.85
MRK	1.22	(0.09)	0.00	(18.91)	0.00	0.00	2.15	(2.24)	11.57
XOM	0.98	(0.07)	0.00	(0.23)	0.00	0.00	1.92	(2.50)	5.89

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