Amer Beacon Correlations

ADNYX Fund

USD 13.70 0.22 1.63%

The current 90-days correlation between Amer Beacon Ark and Cornerstone Moderately Aggressive is 0.48 (i.e., Very weak diversification). The correlation of Amer 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.

Amer Beacon Correlation With Market

Very weak diversification

The correlation between Amer Beacon Ark and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amer 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 Amer 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 manufacturing.

Moving together with Amer Mutual Fund

0.62	BRLGX	American Beacon Bridgeway	Pair Corr
0.89	STMGX	American Beacon Stephens	Pair Corr
0.78	STSGX	American Beacon Stephens	Pair Corr
0.82	STSIX	American Beacon Stephens	Pair Corr
0.79	STSRX	American Beacon Stephens	Pair Corr
0.91	SFMRX	American Beacon Stephens	Pair Corr
0.91	SFMIX	American Beacon Stephens	Pair Corr
0.84	AASRX	American Beacon Small	Pair Corr
0.68	AASSX	American Beacon Small	Pair Corr

Moving against Amer Mutual Fund

0.48	GHQPX	Amer Beacon Garcia	Pair Corr
0.47	GHQIX	Amer Beacon Garcia	Pair Corr
0.47	GHQRX	American Beacon Garcia	Pair Corr
0.47	GHQYX	Amer Beacon Garcia	Pair Corr
0.37	SSIJX	American Beacon Ssi	Pair Corr

Related Correlations Analysis

	USCRX	FHRVX	TCTZX	RRPPX	SMSIX	EXBAX	TDIFX
USCRX		0.67	0.71	0.51	0.53	0.86	0.57	USCRX
FHRVX	0.67		0.95	0.88	0.91	0.84	0.91	FHRVX
TCTZX	0.71	0.95		0.83	0.81	0.87	0.85	TCTZX
RRPPX	0.51	0.88	0.83		0.98	0.78	0.98	RRPPX
SMSIX	0.53	0.91	0.81	0.98		0.77	0.98	SMSIX
EXBAX	0.86	0.84	0.87	0.78	0.77		0.82	EXBAX
TDIFX	0.57	0.91	0.85	0.98	0.98	0.82		TDIFX
	USCRX	FHRVX	TCTZX	RRPPX	SMSIX	EXBAX	TDIFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Amer Mutual Fund performing well and Amer 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 Amer 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
USCRX	0.52	(0.05)	0.00	(0.18)	0.00	0.00	0.90	(1.07)	4.82
FHRVX	0.29	(0.03)	0.00	0.33	0.00	0.00	0.56	(0.61)	1.71
TCTZX	0.33	(0.04)	0.00	0.41	0.00	0.00	0.72	(0.74)	1.95
RRPPX	0.36	0.04	0.18	0.03	0.47	(0.39)	0.63	(0.69)	2.13
SMSIX	0.23	0.02	0.26	0.01	0.26	(0.29)	0.50	(0.41)	1.34
EXBAX	0.38	(0.03)	0.00	(0.19)	0.00	0.00	0.70	(0.77)	2.65
TDIFX	0.16	0.01	0.29	(0.05)	0.21	(0.20)	0.35	(0.34)	0.96

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