American Beacon Correlations

ABLSX Fund

USD 13.30 0.05 0.38%

The current 90-days correlation between American Beacon Balanced and Ab Bond Inflation is 0.14 (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

Average diversification

The correlation between American Beacon Balanced and DJI is 0.19 (i.e., Average 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 various price indices.

Moving together with American Mutual Fund

0.9	FBONX	American Funds American	Pair Corr
0.9	FBAFX	American Funds American	Pair Corr
0.9	ABALX	American Balanced	Pair Corr
0.91	BALCX	American Balanced	Pair Corr
0.9	BALFX	American Balanced	Pair Corr
0.9	RLBCX	American Balanced	Pair Corr
0.91	RLBBX	American Balanced	Pair Corr
0.9	CLBAX	American Balanced	Pair Corr
0.9	CLBEX	American Balanced	Pair Corr
0.9	RLBFX	American Balanced	Pair Corr
0.81	BXECX	Barings Emerging Markets	Pair Corr
0.7	BXEIX	Barings Emerging Markets	Pair Corr
0.75	BXEAX	Barings Emerging Markets	Pair Corr
0.78	HLDIX	Hartford Emerging	Pair Corr
0.78	HLDRX	Hartford Emerging	Pair Corr
0.79	HLDAX	Hartford Emerging	Pair Corr
0.78	HLDCX	Hartford Emerging	Pair Corr
0.77	HLDTX	Hartford Emerging	Pair Corr
0.68	INTC	Intel Earnings Call This Week	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.63	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.76	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.61	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.64	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr

Moving against American Mutual Fund

0.72	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.38	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	ABNTX	TBGAX	GHVIX	MBSAX	FHYTX	NSIOX
ABNTX		0.55	0.51	0.5	0.49	0.59	ABNTX
TBGAX	0.55		0.71	0.78	0.71	0.99	TBGAX
GHVIX	0.51	0.71		0.93	0.95	0.75	GHVIX
MBSAX	0.5	0.78	0.93		0.87	0.8	MBSAX
FHYTX	0.49	0.71	0.95	0.87		0.75	FHYTX
NSIOX	0.59	0.99	0.75	0.8	0.75		NSIOX
	ABNTX	TBGAX	GHVIX	MBSAX	FHYTX	NSIOX

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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
ABNTX	0.14	(0.02)	0.00	(0.22)	0.00	0.00	0.20	(0.30)	0.79
TBGAX	0.23	(0.02)	0.00	0.96	0.00	0.00	0.46	(0.55)	1.75
GHVIX	0.15	0.01	(0.03)	0.09	0.14	(0.18)	0.24	(0.36)	0.96
MBSAX	0.21	0.00	(0.05)	0.03	0.25	(0.23)	0.52	(0.45)	1.55
FHYTX	0.17	0.01	(0.02)	0.12	0.10	(0.27)	0.47	(0.32)	1.26
NSIOX	0.19	(0.02)	0.00	0.51	0.00	0.00	0.41	(0.50)	1.61

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