American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Balanced
ABLSX Fund  USD 13.47  0.02  0.15%   
The current 90-days correlation between American Beacon Balanced and American Beacon Ssi is 0.5 (i.e., Very 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 Balanced and DJI is 0.9 (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 Balanced 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 Balanced. 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 state.

Moving together with American Mutual Fund

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

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSIJX  0.07  0.03 (0.93) 0.89  0.00 
(0.11)
 0.20 
(0.10)
 0.30 
BRLGX  0.82  0.15  0.14  0.27  0.69 
(0.92)
 2.37 
(1.37)
 6.21 
BRLVX  0.67  0.06  0.05  0.20  0.62 
(0.74)
 1.87 
(1.15)
 4.72 
TFBCX  0.06  0.02 (0.89) 2.35  0.00 
(0.12)
 0.12 
(0.12)
 0.24 
TFBAX  0.06  0.02  0.00 (2.32) 0.00 
 0.00 
 0.12 
(0.11)
 0.23 
TFBRX  0.06  0.02  0.00 (6.82) 0.00 
 0.00 
 0.12 
(0.11)
 0.35 
TFBYX  0.05  0.02  0.00 (12.81) 0.00 
 0.00 
 0.11 
(0.11)
 0.34 
TFGPX  0.12  0.04 (0.53) 0.79  0.00 
(0.18)
 0.24 
(0.12)
 0.60 
TFGIX  0.12  0.04 (0.52) 0.89  0.00 
(0.17)
 0.23 
(0.12)
 0.58 
TFGYX  0.11  0.04 (0.44) 0.97  0.00 
(0.17)
 0.24 
(0.12)
 0.70 

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