American Beacon Correlations

AVASX Fund

USD 22.97 0.20 0.88%

The current 90-days correlation between American Beacon Large and Madison Diversified Income is 0.2 (i.e., Modest 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

Average diversification

The correlation between American Beacon Large and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Large 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 Large. 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

0.66	VVIAX	Vanguard Value Index	Pair Corr
0.9	AFMFX	American Mutual	Pair Corr
0.9	FFMMX	American Funds American	Pair Corr
0.9	FFFMX	American Funds American	Pair Corr
0.9	AMRMX	American Mutual	Pair Corr
0.93	AMFFX	American Mutual	Pair Corr
0.93	AMFCX	American Mutual	Pair Corr
0.89	DODGX	Dodge Stock Fund	Pair Corr
0.66	VIVAX	Vanguard Value Index	Pair Corr
0.89	BRUFX	Bruce Fund Bruce	Pair Corr
0.78	SPGSX	State Street Premier	Pair Corr
0.77	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.82	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.85	HPQ	HP Inc	Pair Corr
0.65	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr

Moving against American Mutual Fund

0.71	RYMEX	Commodities Strategy	Pair Corr
0.71	RYMJX	Commodities Strategy	Pair Corr
0.64	RYMBX	Commodities Strategy	Pair Corr
0.5	OWSBX	Old Westbury Short	Pair Corr
0.33	DPIGX	Intermediate Government	Pair Corr
0.75	BA	Boeing	Pair Corr
0.5	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.47	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	MBLAX	MCKSX	FPTPX	PDAAX	VYRPX	SRDAX
MBLAX		0.91	0.91	0.67	0.85	-0.53	MBLAX
MCKSX	0.91		0.96	0.65	0.8	-0.66	MCKSX
FPTPX	0.91	0.96		0.64	0.83	-0.57	FPTPX
PDAAX	0.67	0.65	0.64		0.9	0.03	PDAAX
VYRPX	0.85	0.8	0.83	0.9		-0.15	VYRPX
SRDAX	-0.53	-0.66	-0.57	0.03	-0.15		SRDAX
	MBLAX	MCKSX	FPTPX	PDAAX	VYRPX	SRDAX

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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

FPTPX	+ 0.96	MCKSX
MCKSX	+ 0.91	MBLAX
FPTPX	+ 0.91	MBLAX
VYRPX	+ 0.9	PDAAX
VYRPX	+ 0.85	MBLAX
VYRPX	+ 0.83	FPTPX

High negative correlations

SRDAX	- 0.66	MCKSX
SRDAX	- 0.57	FPTPX
SRDAX	- 0.53	MBLAX
SRDAX	- 0.15	VYRPX

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
MBLAX	0.24	(0.01)	(0.21)	0.06	0.28	(0.29)	0.46	(0.31)	1.79
MCKSX	0.33	(0.02)	(0.13)	0.04	0.52	(0.30)	0.59	(0.59)	2.41
FPTPX	0.31	(0.01)	(0.13)	0.04	0.49	(0.32)	0.53	(0.67)	2.16
PDAAX	0.18	0.01	(0.29)	0.23	0.11	(0.27)	0.52	(0.31)	1.35
VYRPX	0.19	0.01	(0.19)	0.15	0.17	(0.28)	0.48	(0.29)	1.74
SRDAX	0.14	0.02	(0.25)	(3.85)	0.00	(0.20)	0.38	(0.37)	0.95

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