American Beacon Correlations

ADNAX Fund

USD 14.97 0.80 5.07%

The current 90-days correlation between American Beacon Ark and Advent Claymore Convertible is 0.6 (i.e., Poor 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

Good diversification

The correlation between American Beacon Ark and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Ark 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 Ark. 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 nation.

Moving together with American Mutual Fund

0.63	SSIJX	American Beacon Ssi	Pair Corr
0.73	TFBCX	American Beacon Twen	Pair Corr
0.68	TFBAX	American Beacon Twen	Pair Corr
0.69	TFBRX	American Beacon Twen	Pair Corr
0.67	TFBYX	American Beacon Twen	Pair Corr
0.7	TFGPX	American Beacon Twen	Pair Corr
0.75	TFGIX	American Beacon Twen	Pair Corr
0.71	TFGYX	American Beacon Twen	Pair Corr
0.7	TFGCX	American Beacon Funds	Pair Corr
0.65	TFSAX	American Beacon Funds	Pair Corr

Related Correlations Analysis

	XAVKX	PCNBX	GACCX	NCIDX	FCSKX
XAVKX		0.0	0.78	0.9	0.81	XAVKX
PCNBX	0.0		0.0	0.0	0.0	PCNBX
GACCX	0.78	0.0		0.73	0.73	GACCX
NCIDX	0.9	0.0	0.73		0.68	NCIDX
FCSKX	0.81	0.0	0.73	0.68		FCSKX
	XAVKX	PCNBX	GACCX	NCIDX	FCSKX

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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

NCIDX	+ 0.9	XAVKX
FCSKX	+ 0.81	XAVKX
GACCX	+ 0.78	XAVKX
NCIDX	+ 0.73	GACCX
FCSKX	+ 0.73	GACCX
FCSKX	+ 0.68	NCIDX

High negative correlations

FCSKX	- 0.0	PCNBX
NCIDX	- 0.0	PCNBX
GACCX	- 0.0	PCNBX
PCNBX	- 0.0	XAVKX

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
XAVKX	0.46	0.01	0.01	0.27	0.62	(0.46)	0.89	(0.81)	2.97
PCNBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GACCX	0.49	0.05	0.06	0.11	0.61	(0.52)	1.15	(0.93)	3.13
NCIDX	0.49	0.01	0.01	0.34	0.65	(0.50)	0.90	(0.86)	3.13
FCSKX	0.47	(0.04)	0.00	(0.09)	0.00	0.00	0.76	(0.90)	3.46

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