American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Small
ASVCX Fund  USD 21.26  0.27  1.25%   
The current 90-days correlation between American Beacon Small and T Rowe Price is 0.36 (i.e., 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

Almost no diversification

The correlation between American Beacon Small and DJI is 0.91 (i.e., Almost no diversification) 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 unemployment.

Moving together with American Mutual Fund

  0.98SSIJX American Beacon SsiPairCorr
  0.72BRLGX American Beacon BridgewayPairCorr
  0.96BRLVX American Beacon BridgewayPairCorr
  0.91TFBCX American Beacon TwenPairCorr
  0.92TFBAX American Beacon TwenPairCorr
  0.92TFBRX American Beacon TwenPairCorr
  0.92TFBYX American Beacon TwenPairCorr
  0.9TFGPX American Beacon TwenPairCorr
  0.91TFGIX American Beacon TwenPairCorr
  0.91TFGYX American Beacon TwenPairCorr
  0.9TFGCX American Beacon FundsPairCorr
  0.92TFSAX American Beacon FundsPairCorr
  0.64STSGX American Beacon StephensPairCorr
  0.89STSIX American Beacon StephensPairCorr
  0.89STSRX American Beacon StephensPairCorr
  0.9TIVFX Tocqueville IntePairCorr
  0.93AABPX American Beacon BalancedPairCorr
  0.95AADEX American Beacon LargePairCorr
  0.94AADBX American Beacon BalancedPairCorr
  0.94AAERX American Beacon IntlPairCorr
  0.91SFMRX American Beacon StephensPairCorr
  0.95AAGPX American Beacon LargePairCorr
  0.94AAIPX American Beacon IntePairCorr
  0.94AAIEX American Beacon IntePairCorr
  0.91SFMIX American Beacon StephensPairCorr
  0.94AAISX American Beacon IntePairCorr
  0.92AALRX American Beacon LargePairCorr
  0.99BWLYX American Beacon BridgewayPairCorr
  0.96BWLRX American Beacon BridgewayPairCorr
  0.96BWLIX American Beacon BridgewayPairCorr
  0.98BWLCX American Beacon BridgewayPairCorr
  0.9BWLAX American Beacon BridgewayPairCorr
  0.92AASRX American Beacon SmallPairCorr
  1.0AASSX American Beacon SmallPairCorr
  0.97ABCAX American BeaconPairCorr

Related Correlations Analysis


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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