American Beacon Correlations

AASRX Fund

USD 24.21 0.02 0.08%

The current 90-days correlation between American Beacon Small and Legg Mason Western is 0.26 (i.e., Modest 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 Small and DJI is 0.55 (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 Small 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 Small. 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 metropolitan statistical area.

Moving together with American Mutual Fund

0.65	BRLGX	American Beacon Bridgeway	Pair Corr
0.93	STMGX	American Beacon Stephens	Pair Corr
0.92	STSGX	American Beacon Stephens	Pair Corr
0.64	STSIX	American Beacon Stephens	Pair Corr
0.77	STSRX	American Beacon Stephens	Pair Corr
0.69	GHQIX	Amer Beacon Garcia	Pair Corr
0.74	AABPX	American Beacon Balanced	Pair Corr
0.67	AAERX	American Beacon Intl	Pair Corr
0.67	SFMIX	American Beacon Stephens	Pair Corr
0.88	AALRX	American Beacon Large	Pair Corr
0.75	BWLRX	American Beacon Bridgeway	Pair Corr
0.75	BWLAX	American Beacon Bridgeway	Pair Corr
0.78	AASSX	American Beacon Small	Pair Corr
0.83	ABCVX	American Beacon	Pair Corr
0.74	ABCCX	American Beacon Balanced	Pair Corr
0.83	ABECX	American Beacon	Pair Corr
0.92	SHDCX	American Beacon Shapiro	Pair Corr
0.92	SHDRX	American Beacon Shapiro	Pair Corr
0.76	ACBYX	American Beacon Balanced	Pair Corr
0.69	SHXIX	American Beacon Shapiro	Pair Corr

Moving against American Mutual Fund

0.4	AGEIX	American Beacon Global	Pair Corr
0.33	AHLYX	American Beacon Ahl	Pair Corr

Related Correlations Analysis

	SHDAX	EPASX	SEKRX	FTFZX	PIEFX	BXECX	ZEMIX
SHDAX		0.55	0.57	0.98	0.68	0.9	0.69	SHDAX
EPASX	0.55		0.8	0.59	0.86	0.6	0.62	EPASX
SEKRX	0.57	0.8		0.62	0.86	0.65	0.76	SEKRX
FTFZX	0.98	0.59	0.62		0.69	0.89	0.68	FTFZX
PIEFX	0.68	0.86	0.86	0.69		0.77	0.89	PIEFX
BXECX	0.9	0.6	0.65	0.89	0.77		0.81	BXECX
ZEMIX	0.69	0.62	0.76	0.68	0.89	0.81		ZEMIX
	SHDAX	EPASX	SEKRX	FTFZX	PIEFX	BXECX	ZEMIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SHDAX	0.06	0.01	0.00	0.50	0.00	(0.20)	0.20	(0.20)	0.40
EPASX	0.44	0.00	0.00	0.04	0.51	(0.47)	0.96	(0.73)	2.69
SEKRX	0.64	0.06	0.06	1.37	0.77	(0.71)	1.52	(1.56)	3.71
FTFZX	0.08	0.01	0.01	0.28	0.00	(0.15)	0.20	(0.10)	0.78
PIEFX	0.72	0.07	0.06	0.35	0.93	(0.72)	1.46	(1.61)	4.27
BXECX	0.21	0.03	0.08	(0.72)	0.06	(0.30)	0.54	(0.40)	1.35
ZEMIX	0.64	0.08	0.08	0.31	0.75	(0.71)	1.58	(1.44)	4.37

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