American Beacon Correlations

AASRX Fund

USD 29.21 0.24 0.81%

The current 90-days correlation between American Beacon Small and Blackrock Sm Cap is 0.98 (i.e., Almost no 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

Very poor diversification

The correlation between American Beacon Small and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Small 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 Small. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with American Mutual Fund

0.79	SSIJX	American Beacon Ssi	Pair Corr
0.92	BRLGX	American Beacon Bridgeway	Pair Corr
0.97	BRLVX	American Beacon Bridgeway	Pair Corr
0.95	STMGX	American Beacon Stephens	Pair Corr
0.98	STSGX	American Beacon Stephens	Pair Corr
0.98	STSIX	American Beacon Stephens	Pair Corr
0.98	STSRX	American Beacon Stephens	Pair Corr
0.94	AABPX	American Beacon Balanced	Pair Corr
0.96	AADEX	American Beacon Large	Pair Corr
0.94	AADBX	American Beacon Balanced	Pair Corr
0.95	SFMRX	American Beacon Stephens	Pair Corr
0.89	AAGPX	American Beacon Large	Pair Corr
0.95	SFMIX	American Beacon Stephens	Pair Corr
0.96	AALRX	American Beacon Large	Pair Corr
0.97	BWLYX	American Beacon Bridgeway	Pair Corr
0.97	BWLRX	American Beacon Bridgeway	Pair Corr
0.91	BWLIX	American Beacon Bridgeway	Pair Corr
0.97	BWLCX	American Beacon Bridgeway	Pair Corr
0.97	BWLAX	American Beacon Bridgeway	Pair Corr
1.0	AASSX	American Beacon Small	Pair Corr
0.89	ABCAX	American Beacon	Pair Corr

Moving against American Mutual Fund

0.73	GHQPX	Amer Beacon Garcia	Pair Corr
0.72	GHQIX	Amer Beacon Garcia	Pair Corr
0.72	GHQRX	American Beacon Garcia	Pair Corr
0.72	GHQYX	Amer Beacon Garcia	Pair Corr
0.37	TIVFX	Tocqueville Inte	Pair Corr
0.66	AAIPX	American Beacon Inte	Pair Corr
0.65	AAERX	American Beacon Intl	Pair Corr
0.65	AAIEX	American Beacon Inte	Pair Corr
0.65	AAISX	American Beacon Inte	Pair Corr

Related Correlations Analysis

	MDSKX	RTOUX	HUDEX	DTICX	WMCVX	GUDAX	MDBLX
MDSKX		0.93	0.81	-0.26	0.98	0.0	-0.51	MDSKX
RTOUX	0.93		0.93	-0.27	0.92	0.0	-0.49	RTOUX
HUDEX	0.81	0.93		-0.37	0.8	0.0	-0.58	HUDEX
DTICX	-0.26	-0.27	-0.37		-0.17	0.0	0.76	DTICX
WMCVX	0.98	0.92	0.8	-0.17		0.0	-0.41	WMCVX
GUDAX	0.0	0.0	0.0	0.0	0.0		0.0	GUDAX
MDBLX	-0.51	-0.49	-0.58	0.76	-0.41	0.0		MDBLX
	MDSKX	RTOUX	HUDEX	DTICX	WMCVX	GUDAX	MDBLX

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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

WMCVX	+ 0.98	MDSKX
RTOUX	+ 0.93	MDSKX
HUDEX	+ 0.93	RTOUX
WMCVX	+ 0.92	RTOUX
HUDEX	+ 0.81	MDSKX
WMCVX	+ 0.8	HUDEX

High negative correlations

MDBLX	- 0.58	HUDEX
MDBLX	- 0.51	MDSKX
MDBLX	- 0.49	RTOUX
MDBLX	- 0.41	WMCVX
DTICX	- 0.37	HUDEX
DTICX	- 0.27	RTOUX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MDSKX	0.94	(0.05)	0.01	0.09	0.94	(1.02)	2.08	(1.62)	7.61
RTOUX	0.80	0.10	0.00	0.81	0.84	(0.88)	1.78	(1.45)	6.26
HUDEX	0.68	0.06	(0.06)	0.94	0.73	(0.74)	1.58	(1.15)	5.46
DTICX	0.08	0.00	(0.75)	(0.21)	0.00	(0.15)	0.13	(0.13)	0.64
WMCVX	0.91	(0.06)	0.00	0.08	0.88	(1.01)	1.99	(1.49)	7.94
GUDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MDBLX	0.22	0.00	(0.39)	0.21	0.27	(0.26)	0.37	(0.60)	1.35

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