American Beacon Correlations

ABEYX Fund

USD 19.90 0.15 0.75%

The current 90-days correlation between American Beacon Inte and Pace High Yield is 0.45 (i.e., Very weak 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

Weak diversification

The correlation between American Beacon International and DJI is 0.39 (i.e., Weak 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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with American Mutual Fund

0.91	TIVFX	Tocqueville Inte	Pair Corr
0.77	GHQIX	Amer Beacon Garcia	Pair Corr
1.0	AAERX	American Beacon Intl	Pair Corr
0.95	AAIPX	American Beacon Inte	Pair Corr
1.0	AAIEX	American Beacon Inte	Pair Corr
1.0	AAISX	American Beacon Inte	Pair Corr
0.91	TOVIX	American Beacon Tocq	Pair Corr
0.75	NISYX	American Beacon Nis	Pair Corr

Moving against American Mutual Fund

0.73	STMGX	American Beacon Stephens	Pair Corr
0.71	SSIJX	American Beacon Ssi	Pair Corr
0.68	ABCAX	American Beacon	Pair Corr
0.68	ABCYX	American Beacon	Pair Corr
0.67	AAGPX	American Beacon Large	Pair Corr
0.67	BWLIX	American Beacon Bridgeway	Pair Corr
0.67	ABECX	American Beacon	Pair Corr
0.65	AADEX	American Beacon Large	Pair Corr
0.65	AASSX	American Beacon Small	Pair Corr
0.64	BRLVX	American Beacon Bridgeway	Pair Corr
0.64	BWLYX	American Beacon Bridgeway	Pair Corr
0.64	BWLAX	American Beacon Bridgeway	Pair Corr
0.63	STSIX	American Beacon Stephens	Pair Corr
0.6	BRLGX	American Beacon Bridgeway	Pair Corr
0.54	AABPX	American Beacon Balanced	Pair Corr
0.77	ADNPX	Amer Beacon Ark	Pair Corr
0.77	ADNYX	Amer Beacon Ark	Pair Corr
0.74	SMFCX	American Beacon Stephens	Pair Corr
0.73	SMFYX	American Beacon Stephens	Pair Corr
0.71	AGEIX	American Beacon Global	Pair Corr
0.65	ABSYX	American Beacon Small	Pair Corr
0.65	AVFIX	American Beacon Small	Pair Corr
0.64	ALVAX	American Beacon Large	Pair Corr
0.55	ABLSX	American Beacon Balanced	Pair Corr
0.55	ACBYX	American Beacon Balanced	Pair Corr
0.55	SOUCX	American Beacon Soun	Pair Corr
0.5	SHDRX	American Beacon Shapiro	Pair Corr
0.49	SHDIX	American Beacon Shapiro	Pair Corr
0.49	SHDPX	American Beacon Shapiro	Pair Corr
0.49	SHDYX	American Beacon Shapiro	Pair Corr

Related Correlations Analysis

	PHYPX	AGTFX	VWALX	AAAIX	AGDAX	CYBAX
PHYPX		0.85	0.14	0.84	0.93	0.81	PHYPX
AGTFX	0.85		-0.03	0.92	0.74	0.62	AGTFX
VWALX	0.14	-0.03		-0.01	0.32	0.4	VWALX
AAAIX	0.84	0.92	-0.01		0.78	0.7	AAAIX
AGDAX	0.93	0.74	0.32	0.78		0.94	AGDAX
CYBAX	0.81	0.62	0.4	0.7	0.94		CYBAX
	PHYPX	AGTFX	VWALX	AAAIX	AGDAX	CYBAX

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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

CYBAX	+ 0.94	AGDAX
AGDAX	+ 0.93	PHYPX
AAAIX	+ 0.92	AGTFX
AGTFX	+ 0.85	PHYPX
AAAIX	+ 0.84	PHYPX
CYBAX	+ 0.81	PHYPX

High negative correlations

VWALX	- 0.03	AGTFX
AAAIX	- 0.01	VWALX

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
PHYPX	0.10	0.01	(0.57)	0.25	0.00	(0.15)	0.23	(0.23)	0.68
AGTFX	0.51	(0.04)	(0.10)	0.07	0.61	(0.59)	1.15	(0.88)	3.06
VWALX	0.16	0.00	(0.27)	0.08	0.25	(0.22)	0.37	(0.37)	1.68
AAAIX	0.42	0.05	(0.11)	1.53	0.44	(0.50)	0.95	(0.70)	2.41
AGDAX	0.12	0.03	(0.45)	(1.91)	0.00	(0.24)	0.29	(0.28)	0.87
CYBAX	0.10	0.01	(0.87)	(2.35)	0.00	(0.13)	0.24	(0.16)	0.73

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