American Beacon Correlations

ADNRX Fund

USD 22.88 0.13 0.57%

The current 90-days correlation between American Beacon Ark and Summit Global Investments is 0.15 (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 Ark and DJI is 0.63 (i.e., Poor 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 real.

Moving together with American Mutual Fund

0.75	STMGX	American Beacon Stephens	Pair Corr
0.85	STSGX	American Beacon Stephens	Pair Corr
0.78	STSIX	American Beacon Stephens	Pair Corr
0.75	SFMRX	American Beacon Stephens	Pair Corr
0.75	SFMIX	American Beacon Stephens	Pair Corr

Moving against American Mutual Fund

0.32	BWLYX	American Beacon Bridgeway	Pair Corr
0.31	BWLCX	American Beacon Bridgeway	Pair Corr

Related Correlations Analysis

	LVOLX	DNMDX	DSCVX	SGACX	HSFNX	MSCFX	JRS	SKSEX
LVOLX		0.73	0.49	-0.27	0.21	0.54	-0.42	0.23	LVOLX
DNMDX	0.73		0.07	-0.59	-0.04	0.51	-0.81	0.06	DNMDX
DSCVX	0.49	0.07		0.37	0.44	0.59	0.15	0.69	DSCVX
SGACX	-0.27	-0.59	0.37		0.08	0.16	0.75	0.53	SGACX
HSFNX	0.21	-0.04	0.44	0.08		0.38	0.16	0.45	HSFNX
MSCFX	0.54	0.51	0.59	0.16	0.38		-0.17	0.85	MSCFX
JRS	-0.42	-0.81	0.15	0.75	0.16	-0.17		0.26	JRS
SKSEX	0.23	0.06	0.69	0.53	0.45	0.85	0.26		SKSEX
	LVOLX	DNMDX	DSCVX	SGACX	HSFNX	MSCFX	JRS	SKSEX

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

SKSEX	+ 0.85	MSCFX
JRS	+ 0.75	SGACX
DNMDX	+ 0.73	LVOLX
SKSEX	+ 0.69	DSCVX
MSCFX	+ 0.59	DSCVX
MSCFX	+ 0.54	LVOLX

High negative correlations

JRS	- 0.81	DNMDX
SGACX	- 0.59	DNMDX
JRS	- 0.42	LVOLX
SGACX	- 0.27	LVOLX
JRS	- 0.17	MSCFX
HSFNX	- 0.04	DNMDX

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
LVOLX	0.43	0.02	(0.07)	0.32	0.53	(0.47)	0.92	(0.99)	2.54
DNMDX	0.07	0.01	(0.54)	0.33	0.00	(0.09)	0.17	(0.10)	0.38
DSCVX	0.79	0.00	(0.05)	0.06	1.07	(0.81)	1.96	(1.84)	5.05
SGACX	0.60	(0.10)	0.00	(0.04)	0.00	0.00	1.12	(1.56)	3.91
HSFNX	1.28	(0.11)	(0.04)	(0.01)	2.15	(1.45)	3.36	(3.72)	12.75
MSCFX	0.94	0.03	0.04	0.09	1.08	(1.05)	2.56	(1.58)	6.41
JRS	0.58	(0.10)	0.00	(0.11)	0.00	0.00	1.25	(1.01)	3.82
SKSEX	0.77	(0.01)	0.00	0.06	0.92	(0.82)	1.92	(1.75)	4.62

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