American Beacon Correlations

ASCIX Fund

USD 20.94 0.04 0.19%

The current 90-days correlation between American Beacon Small and Columbia Vertible Securities is -0.13 (i.e., Good 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

Pay attention - limited upside

The correlation between American Beacon Small and DJI is -0.77 (i.e., Pay attention - limited upside) 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 gross domestic product.

Moving together with American Mutual Fund

0.74

HPQ

HP Inc

Pair Corr

Moving against American Mutual Fund

0.86	EMSLX	Shelton Emerging Markets	Pair Corr
0.84	VTIAX	Vanguard Total Inter	Pair Corr
0.82	SPGSX	State Street Premier	Pair Corr
0.82	INPFX	American Funds Income	Pair Corr
0.81	BRUFX	Bruce Fund Bruce	Pair Corr
0.8	KF	Korea Closed	Pair Corr
0.78	LMISX	Qs Large Cap	Pair Corr
0.75	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.71	VTSMX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.62	RYMJX	Commodities Strategy	Pair Corr
0.62	RYMBX	Commodities Strategy	Pair Corr
0.59	RYMEX	Commodities Strategy	Pair Corr
0.52	VBTLX	Vanguard Total Bond	Pair Corr
0.86	BA	Boeing	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr
0.43	DIS	Walt Disney	Pair Corr
0.38	MCD	McDonalds Earnings Call This Week	Pair Corr
0.34	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	VICIX	MCCVX	WEIAX	HRCSX	GCV	FISCX	PHIKX
VICIX		0.87	0.81	0.78	0.65	0.9	0.75	VICIX
MCCVX	0.87		0.82	0.83	0.8	0.91	0.81	MCCVX
WEIAX	0.81	0.82		0.91	0.85	0.92	0.91	WEIAX
HRCSX	0.78	0.83	0.91		0.94	0.89	0.99	HRCSX
GCV	0.65	0.8	0.85	0.94		0.81	0.95	GCV
FISCX	0.9	0.91	0.92	0.89	0.81		0.87	FISCX
PHIKX	0.75	0.81	0.91	0.99	0.95	0.87		PHIKX
	VICIX	MCCVX	WEIAX	HRCSX	GCV	FISCX	PHIKX

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
VICIX	0.28	0.00	(0.11)	0.04	0.30	(0.32)	0.50	(0.61)	1.54
MCCVX	0.65	0.19	0.20	(3.20)	0.37	(0.78)	1.14	(1.19)	8.19
WEIAX	0.95	0.06	0.02	0.34	1.06	(1.03)	1.67	(1.86)	9.28
HRCSX	0.76	0.02	0.00	0.08	0.97	(0.78)	1.68	(1.75)	4.04
GCV	0.74	0.08	0.05	0.24	0.81	(0.82)	2.13	(1.44)	4.09
FISCX	0.50	0.02	(0.05)	0.34	0.57	(0.53)	0.99	(1.10)	2.54
PHIKX	0.75	0.01	(0.01)	0.07	0.96	(0.74)	1.68	(1.68)	3.73

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