American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Ark
ADNCX Fund  USD 14.40  0.36  2.56%   
The current 90-days correlation between American Beacon Ark and Ridgeworth Innovative Growth is 0.77 (i.e., Poor 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

Poor diversification

The correlation between American Beacon Ark and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Ark 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 Ark. 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 main economic indicators.

Moving together with American Mutual Fund

  0.8SSIJX American Beacon SsiPairCorr
  0.88BRLGX American Beacon BridgewayPairCorr
  0.88BRLVX American Beacon BridgewayPairCorr
  0.62TFBRX American Beacon TwenPairCorr
  0.94STMGX American Beacon StephensPairCorr
  0.91STSGX American Beacon StephensPairCorr
  0.91STSIX American Beacon StephensPairCorr
  0.91STSRX American Beacon StephensPairCorr
  0.85AABPX American Beacon BalancedPairCorr
  0.87AADEX American Beacon LargePairCorr
  0.85AADBX American Beacon BalancedPairCorr
  0.94SFMRX American Beacon StephensPairCorr
  0.87AAGPX American Beacon LargePairCorr
  0.94SFMIX American Beacon StephensPairCorr
  0.87AALRX American Beacon LargePairCorr
  0.88BWLYX American Beacon BridgewayPairCorr
  0.88BWLRX American Beacon BridgewayPairCorr
  0.88BWLIX American Beacon BridgewayPairCorr
  0.88BWLCX American Beacon BridgewayPairCorr
  0.88BWLAX American Beacon BridgewayPairCorr
  0.92AASRX American Beacon SmallPairCorr
  0.92AASSX American Beacon SmallPairCorr
  0.82ABCAX American BeaconPairCorr

Moving against American Mutual Fund

  0.71GHQIX Amer Beacon GarciaPairCorr
  0.71GHQPX Amer Beacon GarciaPairCorr
  0.71GHQRX American Beacon GarciaPairCorr
  0.71GHQYX Amer Beacon GarciaPairCorr
  0.49TIVFX Tocqueville IntePairCorr
  0.75AAERX American Beacon IntlPairCorr
  0.75AAIPX American Beacon IntePairCorr
  0.75AAIEX American Beacon IntePairCorr
  0.75AAISX American Beacon IntePairCorr

Related Correlations Analysis

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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.

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