American Beacon Correlations

ASCIX Fund

USD 21.18 0.03 0.14%

The current 90-days correlation between American Beacon Small and The Equity Growth is -0.04 (i.e., Good 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

Significant diversification

The correlation between American Beacon Small and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Small 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 Small. 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 gross domestic product.

Moving together with American Mutual Fund

0.86	VGTSX	Vanguard Total Inter	Pair Corr
0.86	VTIAX	Vanguard Total Inter	Pair Corr
0.82	GAAVX	Gmo Alternative Allo	Pair Corr
0.87	GABFX	Gmo Asset Allocation	Pair Corr
0.8	GHVIX	Gmo High Yield	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr
0.89	VZ	Verizon Communications	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.95	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.91	T	ATT Inc Sell-off Trend	Pair Corr

Moving against American Mutual Fund

0.73	GCAVX	Gmo Small Cap	Pair Corr
0.58	GMCQX	Gmo Equity Allocation	Pair Corr
0.57	VTSAX	Vanguard Total Stock	Pair Corr
0.57	VTSMX	Vanguard Total Stock	Pair Corr
0.57	VITSX	Vanguard Total Stock	Pair Corr
0.57	VSTSX	Vanguard Total Stock	Pair Corr
0.57	VSMPX	Vanguard Total Stock	Pair Corr
0.54	VFIAX	Vanguard 500 Index	Pair Corr
0.54	VFINX	Vanguard 500 Index	Pair Corr
0.54	VFFSX	Vanguard 500 Index	Pair Corr
0.88	MSFT	Microsoft Aggressive Push	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.61	AXP	American Express	Pair Corr
0.56	DIS	Walt Disney	Pair Corr
0.5	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	BGGKX	GGRYX	SRGAX	NSBCX	EIPFX	EIPIX
BGGKX		0.68	0.86	0.87	0.27	0.26	BGGKX
GGRYX	0.68		0.94	0.71	0.69	0.69	GGRYX
SRGAX	0.86	0.94		0.86	0.55	0.55	SRGAX
NSBCX	0.87	0.71	0.86		0.37	0.37	NSBCX
EIPFX	0.27	0.69	0.55	0.37		1.0	EIPFX
EIPIX	0.26	0.69	0.55	0.37	1.0		EIPIX
	BGGKX	GGRYX	SRGAX	NSBCX	EIPFX	EIPIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BGGKX	1.54	(0.08)	(0.13)	2.77	(4.38)	8.15
GGRYX	0.53	0.02	(0.04)	1.01	(1.15)	3.13
SRGAX	0.64	0.00	(0.07)	1.25	(1.51)	3.64
NSBCX	0.74	(0.11)	(0.21)	1.03	(1.54)	5.00
EIPFX	0.83	0.01	(0.04)	1.69	(1.72)	7.28
EIPIX	0.84	0.01	(0.04)	1.68	(1.72)	7.26

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