American Beacon Correlations

AHLPX Fund  USD 9.38  0.05  0.53%   
The current 90-days correlation between American Beacon Ahl and Asg Managed Futures is 0.83 (i.e., Very 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 Ahl and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Ahl 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 Ahl. 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 american community survey.

Moving together with AMERICAN Mutual Fund

  0.61SFMIX American Beacon StephensPairCorr

Moving against AMERICAN Mutual Fund

  0.94GHQPX Amer Beacon GarciaPairCorr
  0.94GHQYX Amer Beacon GarciaPairCorr
  0.76GHQIX Amer Beacon GarciaPairCorr
  0.76GHQRX American Beacon GarciaPairCorr
  0.7TFBAX American Beacon TwenPairCorr
  0.7TFBRX American Beacon TwenPairCorr
  0.69TFBCX American Beacon TwenPairCorr
  0.69TFBYX American Beacon TwenPairCorr
  0.67SSIJX American Beacon SsiPairCorr
  0.66TFGPX American Beacon TwenPairCorr
  0.65TFGYX American Beacon TwenPairCorr
  0.65TFSAX American Beacon FundsPairCorr
  0.64TFGIX American Beacon TwenPairCorr
  0.64TFGCX American Beacon FundsPairCorr
  0.72AAERX American Beacon IntlPairCorr
  0.72AAIEX American Beacon IntePairCorr
  0.7AAISX American Beacon IntePairCorr
  0.53AAIPX American Beacon IntePairCorr
  0.53ABCIX American BeaconPairCorr
  0.52ABCVX American BeaconPairCorr
  0.52ABCRX American BeaconPairCorr

Related Correlations Analysis

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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   
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AHLYXAMFAX
AHLYXPQTAX
ABYAXPQTAX
  
High negative correlations   
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QMHNXAHLYX
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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.