American Beacon Correlations

AADEX Fund

USD 29.65 0.14 0.47%

The current 90-days correlation between American Beacon Large and Franklin Balanced Fund is 0.82 (i.e., Very 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 poor diversification

The correlation between American Beacon Large and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Large 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 Large. 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 income.

Moving together with American Mutual Fund

0.7	STSGX	American Beacon Stephens	Pair Corr
0.97	AADBX	American Beacon Balanced	Pair Corr
0.79	AAIEX	American Beacon Inte	Pair Corr
0.68	AALRX	American Beacon Large	Pair Corr
0.79	AASSX	American Beacon Small	Pair Corr
0.7	ABCVX	American Beacon	Pair Corr
0.64	ASVCX	American Beacon Small	Pair Corr
0.64	ABCCX	American Beacon Balanced	Pair Corr
0.65	ABFAX	American Beacon Balanced	Pair Corr
0.64	ABLSX	American Beacon Balanced	Pair Corr
0.68	ABLYX	American Beacon Large	Pair Corr

Related Correlations Analysis

	FBLAX	TVIIX	ALVIX	BEXIX	BEXFX	CSRIX	MISAX	DEMSX	CCALX	PNSAX
FBLAX		0.71	0.86	-0.12	-0.07	0.2	0.74	-0.35	-0.38	0.11	FBLAX
TVIIX	0.71		0.52	0.31	0.47	0.14	0.78	0.18	-0.12	0.54	TVIIX
ALVIX	0.86	0.52		-0.28	-0.26	0.26	0.75	-0.34	-0.32	0.02	ALVIX
BEXIX	-0.12	0.31	-0.28		0.87	0.43	-0.06	0.64	0.5	0.73	BEXIX
BEXFX	-0.07	0.47	-0.26	0.87		0.24	0.06	0.73	0.39	0.77	BEXFX
CSRIX	0.2	0.14	0.26	0.43	0.24		0.17	0.31	0.55	0.41	CSRIX
MISAX	0.74	0.78	0.75	-0.06	0.06	0.17		0.09	-0.16	0.22	MISAX
DEMSX	-0.35	0.18	-0.34	0.64	0.73	0.31	0.09		0.61	0.57	DEMSX
CCALX	-0.38	-0.12	-0.32	0.5	0.39	0.55	-0.16	0.61		0.48	CCALX
PNSAX	0.11	0.54	0.02	0.73	0.77	0.41	0.22	0.57	0.48		PNSAX
	FBLAX	TVIIX	ALVIX	BEXIX	BEXFX	CSRIX	MISAX	DEMSX	CCALX	PNSAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BEXFX	+ 0.87	BEXIX
ALVIX	+ 0.86	FBLAX
MISAX	+ 0.78	TVIIX
PNSAX	+ 0.77	BEXFX
MISAX	+ 0.75	ALVIX
MISAX	+ 0.74	FBLAX

High negative correlations

CCALX	- 0.38	FBLAX
DEMSX	- 0.35	FBLAX
DEMSX	- 0.34	ALVIX
CCALX	- 0.32	ALVIX
BEXIX	- 0.28	ALVIX
BEXFX	- 0.26	ALVIX

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
FBLAX	0.24	0.01	(0.11)	0.10	0.16	(0.30)	0.54	(0.47)	1.33
TVIIX	0.50	0.01	(0.01)	0.08	0.72	(0.48)	1.04	(1.18)	3.31
ALVIX	0.47	0.00	(0.05)	0.06	0.50	(0.59)	0.91	(0.98)	2.76
BEXIX	0.76	0.02	(0.03)	0.24	1.02	(0.89)	1.55	(1.36)	5.80
BEXFX	0.77	(0.02)	(0.03)	0.05	1.03	(0.89)	1.54	(1.37)	5.78
CSRIX	0.58	(0.06)	0.00	(0.06)	0.00	0.00	1.34	(1.55)	4.02
MISAX	0.60	0.01	(0.01)	0.08	0.82	(0.58)	1.15	(1.31)	3.49
DEMSX	0.49	(0.06)	0.00	(0.05)	0.00	0.00	0.87	(1.26)	3.14
CCALX	0.90	(0.21)	0.00	(0.14)	0.00	0.00	1.89	(1.70)	7.11
PNSAX	1.03	(0.06)	(0.02)	0.03	1.34	(1.08)	2.18	(2.02)	7.00

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