American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Balanced
AABPX Fund  USD 11.93  0.03  0.25%   
The current 90-days correlation between American Beacon Balanced and American Beacon International is 0.05 (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.

American Beacon Correlation With Market

Good diversification

The correlation between American Beacon Balanced and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Balanced 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 Balanced. 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 american community survey.

Moving together with American Mutual Fund

  0.97BRLGX American Beacon BridgewayPairCorr
  0.92BRLVX American Beacon BridgewayPairCorr
  0.83STMGX American Beacon StephensPairCorr
  0.87STSGX American Beacon StephensPairCorr
  0.73STSIX American Beacon StephensPairCorr
  0.94STSRX American Beacon StephensPairCorr
  0.93TIVFX Tocqueville IntePairCorr
  0.72GHQIX Amer Beacon GarciaPairCorr
  0.74GHQPX Amer Beacon GarciaPairCorr
  0.74GHQRX American Beacon GarciaPairCorr
  0.72GHQYX Amer Beacon GarciaPairCorr
  1.0AADEX American Beacon LargePairCorr
  1.0AADBX American Beacon BalancedPairCorr
  0.97AAERX American Beacon IntlPairCorr
  0.88SFMRX American Beacon StephensPairCorr
  1.0AAGPX American Beacon LargePairCorr
  0.92AAIPX American Beacon IntePairCorr
  0.97AAIEX American Beacon IntePairCorr
  0.79SFMIX American Beacon StephensPairCorr
  0.97AAISX American Beacon IntePairCorr
  0.91AALRX American Beacon LargePairCorr
  1.0BWLYX American Beacon BridgewayPairCorr
  1.0BWLRX American Beacon BridgewayPairCorr
  0.73BWLIX American Beacon BridgewayPairCorr
  1.0BWLCX American Beacon BridgewayPairCorr
  1.0BWLAX American Beacon BridgewayPairCorr
  0.74AASRX American Beacon SmallPairCorr
  0.98AASSX American Beacon SmallPairCorr
  0.97ABCAX American BeaconPairCorr

Moving against American Mutual Fund

  0.47SSIJX American Beacon SsiPairCorr

Related Correlations Analysis

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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.

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