American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Ark
ADNCX Fund  USD 19.77  0.34  1.75%   
The current 90-days correlation between American Beacon Ark and Siit Small Cap is 0.7 (i.e., Poor 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

Very weak diversification

The correlation between American Beacon Ark and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Ark 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 Ark. 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 main economic indicators.

Moving together with American Mutual Fund

  0.72SSIJX American Beacon SsiPairCorr
  0.74BRLGX American Beacon BridgewayPairCorr
  0.76BRLVX American Beacon BridgewayPairCorr
  0.76TFBCX American Beacon TwenPairCorr
  0.96TFBAX American Beacon TwenPairCorr
  0.78TFBRX American Beacon TwenPairCorr
  0.78TFBYX American Beacon TwenPairCorr
  0.8TFGPX American Beacon TwenPairCorr
  0.79TFGIX American Beacon TwenPairCorr
  0.96TFGYX American Beacon TwenPairCorr
  0.95TFGCX American Beacon FundsPairCorr
  0.75STMGX American Beacon StephensPairCorr
  0.72STSGX American Beacon StephensPairCorr
  0.92STSIX American Beacon StephensPairCorr
  0.92STSRX American Beacon StephensPairCorr
  0.76TIVFX Tocqueville InternationalPairCorr
  0.78AABPX American Beacon BalancedPairCorr
  0.91AAERX American Beacon IntlPairCorr
  0.76AAGPX American Beacon LargePairCorr
  0.75AAIPX American Beacon IntePairCorr
  0.76AAIEX American Beacon IntePairCorr
  0.75SFMIX American Beacon StephensPairCorr
  0.76AAISX American Beacon IntePairCorr
  0.93AALRX American Beacon LargePairCorr
  0.94BWLYX American Beacon BridgewayPairCorr
  0.94BWLRX American Beacon BridgewayPairCorr
  0.94BWLIX American Beacon BridgewayPairCorr
  0.91BWLCX American Beacon BridgewayPairCorr
  0.76BWLAX American Beacon BridgewayPairCorr
  0.94AASRX American Beacon SmallPairCorr
  0.74AASSX American Beacon SmallPairCorr
  0.93ABCVX American BeaconPairCorr
  0.73ABCYX American BeaconPairCorr
  0.92ABCRX American BeaconPairCorr
  0.74ASVCX American Beacon SmallPairCorr
  0.93ABCIX American BeaconPairCorr

Related Correlations Analysis

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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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