American Beacon Correlations

AHACX Fund

USD 10.78 0.01 0.09%

The current 90-days correlation between American Beacon Ahl and American Beacon Ssi is 0.13 (i.e., Average 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

Modest diversification

The correlation between American Beacon Ahl and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Ahl 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 Ahl. 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

0.67	TFGPX	American Beacon Twen	Pair Corr
0.74	TFGIX	American Beacon Twen	Pair Corr
0.76	TFGYX	American Beacon Twen	Pair Corr
0.78	TFGCX	American Beacon Funds	Pair Corr
0.74	TFSAX	American Beacon Funds	Pair Corr
0.65	STMGX	American Beacon Stephens	Pair Corr
0.66	GHQIX	Amer Beacon Garcia	Pair Corr
0.71	GHQPX	Amer Beacon Garcia	Pair Corr
0.66	GHQRX	American Beacon Garcia	Pair Corr
0.66	GHQYX	Amer Beacon Garcia	Pair Corr
0.68	SFMRX	American Beacon Stephens	Pair Corr
0.68	SFMIX	American Beacon Stephens	Pair Corr

Related Correlations Analysis

	SSIJX	BRLGX	BRLVX	TFBCX	TFBAX	TFBRX	TFBYX	TFGPX	TFGIX	TFGYX
SSIJX		-0.5	-0.62	0.9	0.93	0.93	0.93	0.74	0.77	0.76	SSIJX
BRLGX	-0.5		0.96	-0.29	-0.35	-0.34	-0.36	-0.01	-0.01	0.02	BRLGX
BRLVX	-0.62	0.96		-0.44	-0.49	-0.49	-0.5	-0.21	-0.18	-0.15	BRLVX
TFBCX	0.9	-0.29	-0.44		0.99	0.99	0.99	0.9	0.93	0.93	TFBCX
TFBAX	0.93	-0.35	-0.49	0.99		1.0	0.99	0.89	0.92	0.91	TFBAX
TFBRX	0.93	-0.34	-0.49	0.99	1.0		0.99	0.88	0.92	0.91	TFBRX
TFBYX	0.93	-0.36	-0.5	0.99	0.99	0.99		0.88	0.91	0.9	TFBYX
TFGPX	0.74	-0.01	-0.21	0.9	0.89	0.88	0.88		0.96	0.95	TFGPX
TFGIX	0.77	-0.01	-0.18	0.93	0.92	0.92	0.91	0.96		1.0	TFGIX
TFGYX	0.76	0.02	-0.15	0.93	0.91	0.91	0.9	0.95	1.0		TFGYX
	SSIJX	BRLGX	BRLVX	TFBCX	TFBAX	TFBRX	TFBYX	TFGPX	TFGIX	TFGYX

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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

TFBRX	+ 1.0	TFBAX
TFGYX	+ 1.0	TFGIX
TFBAX	+ 0.99	TFBCX
TFBRX	+ 0.99	TFBCX
TFBYX	+ 0.99	TFBCX
TFBYX	+ 0.99	TFBAX

High negative correlations

BRLVX	- 0.62	SSIJX
TFBYX	- 0.5	BRLVX
BRLGX	- 0.5	SSIJX
TFBRX	- 0.49	BRLVX
TFBAX	- 0.49	BRLVX
TFBCX	- 0.44	BRLVX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SSIJX	0.06	0.02	(0.42)	2.87	(0.11)	0.10	(0.10)	0.30
BRLGX	0.99	(0.10)	0.00	(0.29)	0.00	1.61	(2.24)	14.13
BRLVX	0.83	(0.18)	0.00	(0.38)	0.00	1.16	(1.22)	16.89
TFBCX	0.06	0.00	(0.52)	0.27	(0.13)	0.12	(0.12)	0.36
TFBAX	0.05	0.00	(0.52)	0.27	(0.12)	0.12	(0.12)	0.23
TFBRX	0.06	0.01	(0.44)	0.41	(0.13)	0.12	(0.12)	0.23
TFBYX	0.05	0.01	(0.51)	0.46	(0.12)	0.11	(0.11)	0.23
TFGPX	0.11	0.01	(0.38)	0.84	(0.18)	0.23	(0.23)	0.59
TFGIX	0.12	0.01	(0.38)	0.50	(0.19)	0.23	(0.23)	0.69
TFGYX	0.11	0.01	(0.34)	0.55	(0.18)	0.23	(0.23)	0.70

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