American Beacon Correlations

AVFIX Fund

USD 25.58 0.07 0.27%

The current 90-days correlation between American Beacon Small and Virtus Real Estate is 0.14 (i.e., Average 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 0.75 (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 gross domestic product.

Moving together with American Mutual Fund

0.63	STMGX	American Beacon Stephens	Pair Corr
0.61	AADEX	American Beacon Large	Pair Corr
0.63	SFMIX	American Beacon Stephens	Pair Corr
0.61	AALRX	American Beacon Large	Pair Corr
1.0	AASRX	American Beacon Small	Pair Corr
0.69	ABCVX	American Beacon	Pair Corr
0.69	ABCYX	American Beacon	Pair Corr
0.69	ABCRX	American Beacon	Pair Corr
0.69	ABECX	American Beacon	Pair Corr

Moving against American Mutual Fund

0.52	SSIJX	American Beacon Ssi	Pair Corr
0.44	TFBAX	American Beacon Twen	Pair Corr
0.44	TFBRX	American Beacon Twen	Pair Corr
0.43	TFBCX	American Beacon Twen	Pair Corr
0.38	TFSAX	American Beacon Funds	Pair Corr
0.36	TFGPX	American Beacon Twen	Pair Corr
0.36	TFGIX	American Beacon Twen	Pair Corr
0.35	TFGYX	American Beacon Twen	Pair Corr
0.34	TFGCX	American Beacon Funds	Pair Corr
0.38	BWLCX	American Beacon Bridgeway	Pair Corr
0.38	BWLAX	American Beacon Bridgeway	Pair Corr
0.39	SHOAX	American Beacon Sim	Pair Corr
0.32	SHYPX	American Beacon Sim	Pair Corr

Related Correlations Analysis

	VRREX	TIREX	CREMX	PJEAX	PHRIX	FIKMX	VREQX
VRREX		0.71	0.08	0.97	1.0	0.7	0.92	VRREX
TIREX	0.71		0.31	0.71	0.71	0.91	0.65	TIREX
CREMX	0.08	0.31		0.15	0.07	0.42	0.11	CREMX
PJEAX	0.97	0.71	0.15		0.97	0.72	0.91	PJEAX
PHRIX	1.0	0.71	0.07	0.97		0.7	0.92	PHRIX
FIKMX	0.7	0.91	0.42	0.72	0.7		0.61	FIKMX
VREQX	0.92	0.65	0.11	0.91	0.92	0.61		VREQX
	VRREX	TIREX	CREMX	PJEAX	PHRIX	FIKMX	VREQX

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
VRREX	0.61	0.00	(0.06)	0.03	0.85	(0.61)	1.34	(1.29)	3.92
TIREX	0.58	(0.03)	(0.06)	0.00	0.81	(0.56)	1.12	(1.40)	3.98
CREMX	0.03	0.01	0.00	(1.61)	0.00	0.00	0.08	0.00	0.72
PJEAX	0.65	0.01	(0.04)	0.11	0.84	(0.64)	1.36	(1.42)	3.75
PHRIX	0.61	(0.01)	(0.06)	0.02	0.84	(0.62)	1.29	(1.30)	3.84
FIKMX	0.17	0.00	(0.17)	0.04	0.17	(0.23)	0.41	(0.41)	1.23
VREQX	0.62	(0.01)	(0.07)	(0.03)	0.83	(0.63)	1.27	(1.27)	3.72

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