American Beacon Correlations

AAIPX Fund  USD 16.33  0.15  0.93%   
The current 90-days correlation between American Beacon Inte and American Beacon Large is 0.02 (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

Average diversification

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

  0.88BRLGX American Beacon BridgewayPairCorr
  0.96BRLVX American Beacon BridgewayPairCorr
  0.87STMGX American Beacon StephensPairCorr
  0.88STSGX American Beacon StephensPairCorr
  0.81STSIX American Beacon StephensPairCorr
  0.8STSRX American Beacon StephensPairCorr
  0.93TIVFX Tocqueville IntePairCorr
  0.81GHQIX Amer Beacon GarciaPairCorr
  0.82GHQPX Amer Beacon GarciaPairCorr
  0.82GHQRX American Beacon GarciaPairCorr
  0.81GHQYX Amer Beacon GarciaPairCorr
  0.92AABPX American Beacon BalancedPairCorr
  0.92AADEX American Beacon LargePairCorr
  0.93AADBX American Beacon BalancedPairCorr
  0.94AAERX American Beacon IntlPairCorr
  0.82SFMRX American Beacon StephensPairCorr
  0.92AAGPX American Beacon LargePairCorr
  0.94AAIEX American Beacon IntePairCorr
  0.84SFMIX American Beacon StephensPairCorr
  0.94AAISX American Beacon IntePairCorr
  0.97AALRX American Beacon LargePairCorr
  0.91BWLYX American Beacon BridgewayPairCorr
  0.91BWLRX American Beacon BridgewayPairCorr
  0.86BWLIX American Beacon BridgewayPairCorr
  0.9BWLCX American Beacon BridgewayPairCorr
  0.9BWLAX American Beacon BridgewayPairCorr
  0.76AASRX American Beacon SmallPairCorr
  0.86AASSX American Beacon SmallPairCorr
  0.97ABCAX American BeaconPairCorr

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.