American Beacon Correlations

Mutual Funds USA . 
Fund . American Beacon Balanced
ACBYX Fund  USD 15.01  0.09  0.60%   
The current 90-days correlation between American Beacon Balanced and Bbh Intermediate Municipal is 0.31 (i.e., Weak 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 Balanced and DJI is 0.44 (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 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 manufacturing.

Moving together with American Mutual Fund

  0.8BRLGX American Beacon BridgewayPairCorr
  0.97BRLVX American Beacon BridgewayPairCorr
  0.77TIVFX Tocqueville InternationalPairCorr
  0.99AABPX American Beacon BalancedPairCorr
  0.99AADEX American Beacon LargePairCorr
  1.0AADBX American Beacon BalancedPairCorr
  0.99AAGPX American Beacon LargePairCorr
  0.61AAIPX American Beacon IntePairCorr
  0.61AAIEX American Beacon IntePairCorr
  0.99AALRX American Beacon LargePairCorr
  0.97BWLYX American Beacon BridgewayPairCorr
  0.97BWLRX American Beacon BridgewayPairCorr
  0.97BWLIX American Beacon BridgewayPairCorr
  0.96BWLCX American Beacon BridgewayPairCorr
  0.97BWLAX American Beacon BridgewayPairCorr
  0.67AASSX American Beacon SmallPairCorr
  0.94ABCAX 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.

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