American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Large
AAGPX Fund  USD 23.12  0.29  1.27%   
The current 90-days correlation between American Beacon Large and Northern Small Cap is 0.11 (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

Very weak diversification

The correlation between American Beacon Large and DJI is 0.43 (i.e., Very weak 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 american community survey.

Moving together with American Mutual Fund

  0.85BRLGX American Beacon BridgewayPairCorr
  0.99BRLVX American Beacon BridgewayPairCorr
  0.61STMGX American Beacon StephensPairCorr
  0.65STSGX American Beacon StephensPairCorr
  0.61STSIX American Beacon StephensPairCorr
  0.61STSRX American Beacon StephensPairCorr
  0.8TIVFX Tocqueville InternationalPairCorr
  0.99AABPX American Beacon BalancedPairCorr
  1.0AADEX American Beacon LargePairCorr
  0.99AADBX American Beacon BalancedPairCorr
  1.0AALRX American Beacon LargePairCorr
  0.99BWLYX American Beacon BridgewayPairCorr
  0.99BWLRX American Beacon BridgewayPairCorr
  0.99BWLIX American Beacon BridgewayPairCorr
  0.98BWLCX American Beacon BridgewayPairCorr
  0.99BWLAX American Beacon BridgewayPairCorr
  0.72AASSX American Beacon SmallPairCorr
  0.92ABCAX American BeaconPairCorr

Related Correlations Analysis

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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   
HIINX
+ 0.99
SSAIX
HIINX
+ 0.75
AAIPX
AAIPX
+ 0.69
SSAIX
AAIPX
+ 0.35
NOSGX
JMCVX
+ 0.34
NOSGX
  
High negative correlations   
HIINX
- 0.43
JMCVX
JMCVX
- 0.43
SSAIX
JMCVX
- 0.31
AAIPX
SSAIX
- 0.29
NOSGX
HIINX
- 0.22
NOSGX

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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