American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Small
ASVCX Fund  USD 20.12  0.10  0.49%   
The current 90-days correlation between American Beacon Small and Lord Abbett Convertible is 0.68 (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

Poor diversification

The correlation between American Beacon Small and DJI is 0.79 (i.e., Poor 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 main economic indicators.

Moving together with American Mutual Fund

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