American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Ahl
AHLYX Fund  USD 9.85  0.01  0.10%   
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

Good diversification

The correlation between American Beacon Ahl and DJI is -0.07 (i.e., Good 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 various price indices.

Moving together with American Mutual Fund

  0.66AQMRX Aqr Managed FuturesPairCorr
  0.84PQTAX Pimco Trends ManagedPairCorr
  0.85PQTNX Pimco Trends ManagedPairCorr
  1.0AHLPX American Beacon AhlPairCorr
  0.76AMFNX Asg Managed FuturesPairCorr
  0.69ABYCX Abbey Capital FuturesPairCorr
  0.66ABYAX Abbey Capital FuturesPairCorr
  0.66ABYIX Abbey Capital FuturesPairCorr
  0.75AMFAX Asg Managed FuturesPairCorr
  0.76ASFYX Asg Managed FuturesPairCorr

Moving against American Mutual Fund

  0.44KNPYX Kinetics ParadigmPairCorr
  0.44LSHUX Horizon Spin OffPairCorr
  0.44KNPCX Kinetics ParadigmPairCorr
  0.44LSHCX Horizon Spin OffPairCorr
  0.44LSHAX Horizon Spin OffPairCorr
  0.44WWNPX Kinetics ParadigmPairCorr
  0.44KNPAX Kinetics ParadigmPairCorr
  0.37KMKAX Kinetics Market OppoPairCorr
  0.37KMKCX Kinetics Market OppoPairCorr
  0.7CAT Caterpillar Earnings Call This WeekPairCorr
  0.58DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.58VZ Verizon CommunicationsPairCorr
  0.57TRV The Travelers CompaniesPairCorr
  0.52INTC IntelPairCorr
  0.52GE GE AerospacePairCorr
  0.47HPQ HP IncPairCorr
  0.45PG Procter GamblePairCorr
  0.42HD Home DepotPairCorr
  0.36CVX Chevron Corp Earnings Call TodayPairCorr

Related Correlations Analysis

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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   
DSCPX
+ 0.91
RTOUX
LIGFX
+ 0.87
PGBAX
LIGFX
+ 0.83
HAIDX
LIGFX
+ 0.82
DSCPX
HAIDX
+ 0.75
DSCPX
PGBAX
+ 0.75
HAIDX
  
High negative correlations   
DLTZX
- 0.21
RTOUX
DLTZX
- 0.11
DSCPX
DLTZX
- 0.0
LIOTX

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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