American Beacon Correlations

AHLPX Fund

USD 9.86 0.02 0.20%

The current 90-days correlation between American Beacon Ahl and American Beacon Ahl is 1.0 (i.e., No risk reduction). 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

Significant diversification

The correlation between American Beacon Ahl and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Ahl 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 Ahl. 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 employment.

Moving together with American Mutual Fund

0.91	SSIJX	American Beacon Ssi	Pair Corr
0.65	BRLGX	American Beacon Bridgeway	Pair Corr
0.79	BRLVX	American Beacon Bridgeway	Pair Corr
0.88	TFBCX	American Beacon Twen	Pair Corr
0.89	TFBAX	American Beacon Twen	Pair Corr
0.89	TFBRX	American Beacon Twen	Pair Corr
0.89	TFBYX	American Beacon Twen	Pair Corr
0.9	TFGPX	American Beacon Twen	Pair Corr
0.88	TFGIX	American Beacon Twen	Pair Corr
0.89	TFGYX	American Beacon Twen	Pair Corr
0.91	TFGCX	American Beacon Funds	Pair Corr
0.91	TFSAX	American Beacon Funds	Pair Corr
0.64	GHQIX	Amer Beacon Garcia	Pair Corr
0.67	GHQPX	Amer Beacon Garcia	Pair Corr
0.79	AAERX	American Beacon Intl	Pair Corr
0.7	AAIPX	American Beacon Inte	Pair Corr
0.71	AAIEX	American Beacon Inte	Pair Corr
0.7	AAISX	American Beacon Inte	Pair Corr
0.83	BWLYX	American Beacon Bridgeway	Pair Corr
0.83	BWLRX	American Beacon Bridgeway	Pair Corr
0.83	BWLIX	American Beacon Bridgeway	Pair Corr
0.83	BWLCX	American Beacon Bridgeway	Pair Corr
0.82	BWLAX	American Beacon Bridgeway	Pair Corr

Related Correlations Analysis

	AHLIX	SDLAX	BIGRX	AMGIX	HCMPX	VLIFX	MYSPX	MTCAX	BDFIX	BDFFX
AHLIX		0.8	0.73	0.73	0.74	-0.26	0.78	0.74	0.02	0.01	AHLIX
SDLAX	0.8		0.7	0.7	0.86	-0.2	0.99	0.86	0.08	0.07	SDLAX
BIGRX	0.73	0.7		1.0	0.72	-0.06	0.65	0.62	0.14	0.13	BIGRX
AMGIX	0.73	0.7	1.0		0.72	-0.07	0.65	0.62	0.13	0.13	AMGIX
HCMPX	0.74	0.86	0.72	0.72		0.14	0.86	0.93	0.39	0.38	HCMPX
VLIFX	-0.26	-0.2	-0.06	-0.07	0.14		-0.16	-0.09	0.78	0.78	VLIFX
MYSPX	0.78	0.99	0.65	0.65	0.86	-0.16		0.87	0.1	0.09	MYSPX
MTCAX	0.74	0.86	0.62	0.62	0.93	-0.09	0.87		0.26	0.26	MTCAX
BDFIX	0.02	0.08	0.14	0.13	0.39	0.78	0.1	0.26		1.0	BDFIX
BDFFX	0.01	0.07	0.13	0.13	0.38	0.78	0.09	0.26	1.0		BDFFX
	AHLIX	SDLAX	BIGRX	AMGIX	HCMPX	VLIFX	MYSPX	MTCAX	BDFIX	BDFFX

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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

AMGIX	+ 1.0	BIGRX
BDFFX	+ 1.0	BDFIX
MYSPX	+ 0.99	SDLAX
MTCAX	+ 0.93	HCMPX
MTCAX	+ 0.87	MYSPX
HCMPX	+ 0.86	SDLAX

High negative correlations

VLIFX	- 0.26	AHLIX
VLIFX	- 0.2	SDLAX
MYSPX	- 0.16	VLIFX
MTCAX	- 0.09	VLIFX
VLIFX	- 0.07	AMGIX
VLIFX	- 0.06	BIGRX

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
AHLIX	0.59	0.11	0.07	0.99	0.61	(0.65)	1.21	(1.20)	3.40
SDLAX	0.55	0.07	0.02	1.05	0.79	(0.56)	1.13	(1.20)	3.54
BIGRX	0.53	0.02	0.01	0.08	0.61	(0.53)	1.11	(1.15)	3.65
AMGIX	0.53	0.02	0.02	0.08	0.61	(0.55)	1.14	(1.14)	3.65
HCMPX	0.85	0.10	0.03	0.93	1.34	(0.86)	1.85	(1.97)	5.81
VLIFX	0.63	(0.04)	0.00	(0.25)	0.00	0.00	1.09	(1.30)	3.84
MYSPX	0.54	0.07	0.02	1.11	0.79	(0.52)	1.23	(1.18)	3.55
MTCAX	0.91	0.13	0.05	1.70	1.24	(0.93)	1.89	(2.56)	5.71
BDFIX	0.85	0.01	(0.04)	0.12	1.20	(0.78)	2.20	(1.71)	4.94
BDFFX	0.85	0.01	(0.04)	0.11	1.20	(0.78)	2.21	(1.71)	4.95

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