American Beacon Correlations

BWLCX Fund

USD 22.66 0.14 0.62%

The current 90-days correlation between American Beacon Bridgeway and Western Asset Inflation is 0.09 (i.e., Significant 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.

Check out Trending Equities to better understand how to build diversified portfolios. 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

0.75	SSIJX	American Beacon Ssi	Pair Corr
0.61	BRLVX	American Beacon Bridgeway	Pair Corr
0.67	TFBCX	American Beacon Twen	Pair Corr
0.76	TFBRX	American Beacon Twen	Pair Corr
0.75	TFBYX	American Beacon Twen	Pair Corr
0.71	TFGPX	American Beacon Twen	Pair Corr
0.72	TFGIX	American Beacon Twen	Pair Corr
0.72	TFSAX	American Beacon Funds	Pair Corr
0.7	STMGX	American Beacon Stephens	Pair Corr
0.67	STSGX	American Beacon Stephens	Pair Corr
0.71	TIVFX	Tocqueville International	Pair Corr
0.61	AABPX	American Beacon Balanced	Pair Corr
0.72	AADEX	American Beacon Large	Pair Corr
0.62	AADBX	American Beacon Balanced	Pair Corr
0.71	AAGPX	American Beacon Large	Pair Corr
0.72	AAIPX	American Beacon Inte	Pair Corr
0.72	AAIEX	American Beacon Inte	Pair Corr
0.72	AAISX	American Beacon Inte	Pair Corr
0.72	BWLAX	American Beacon Bridgeway	Pair Corr
0.64	AASSX	American Beacon Small	Pair Corr
0.7	ABCAX	American Beacon	Pair Corr
0.7	ABCYX	American Beacon	Pair Corr
0.63	ASVCX	American Beacon Small	Pair Corr
0.69	ABECX	American Beacon	Pair Corr

Related Correlations Analysis

	WAFAX	IBRAX	TCILX	HIPAX	ANBIX	ABNOX
WAFAX		0.93	0.98	0.99	0.97	0.92	WAFAX
IBRAX	0.93		0.92	0.94	0.93	0.97	IBRAX
TCILX	0.98	0.92		0.98	0.99	0.94	TCILX
HIPAX	0.99	0.94	0.98		0.99	0.93	HIPAX
ANBIX	0.97	0.93	0.99	0.99		0.95	ANBIX
ABNOX	0.92	0.97	0.94	0.93	0.95		ABNOX
	WAFAX	IBRAX	TCILX	HIPAX	ANBIX	ABNOX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WAFAX	0.23	0.04	(0.27)	(7.49)	0.19	(0.26)	0.44	(0.54)	1.64
IBRAX	0.22	0.03	(0.29)	1.36	0.18	(0.24)	0.46	(0.46)	1.26
TCILX	0.17	0.03	(0.34)	(3.02)	0.10	(0.19)	0.29	(0.39)	1.27
HIPAX	0.18	0.04	(0.33)	(2.29)	0.00	(0.23)	0.40	(0.40)	1.31
ANBIX	0.15	0.04	(0.36)	(1.84)	0.00	(0.18)	0.38	(0.29)	1.17
ABNOX	0.14	0.03	(0.40)	(2.11)	0.00	(0.15)	0.29	(0.29)	0.98

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American Beacon Correlations

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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