American Beacon Correlations

BRLGX Fund

USD 31.66 0.60 1.86%

The current 90-days correlation between American Beacon Bridgeway and Stone Ridge Diversified is -0.12 (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

Poor diversification

The correlation between American Beacon Bridgeway and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Bridgeway 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 Bridgeway. 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 price.

Moving together with American Mutual Fund

0.77	BRLVX	American Beacon Bridgeway	Pair Corr
0.98	STMGX	American Beacon Stephens	Pair Corr
0.94	STSGX	American Beacon Stephens	Pair Corr
0.94	STSIX	American Beacon Stephens	Pair Corr
0.92	STSRX	American Beacon Stephens	Pair Corr
0.64	AADEX	American Beacon Large	Pair Corr
0.81	SFMRX	American Beacon Stephens	Pair Corr
0.65	AAGPX	American Beacon Large	Pair Corr
0.98	SFMIX	American Beacon Stephens	Pair Corr
0.64	AALRX	American Beacon Large	Pair Corr
0.77	BWLYX	American Beacon Bridgeway	Pair Corr
0.77	BWLRX	American Beacon Bridgeway	Pair Corr
0.73	BWLIX	American Beacon Bridgeway	Pair Corr
0.79	BWLCX	American Beacon Bridgeway	Pair Corr
0.77	BWLAX	American Beacon Bridgeway	Pair Corr
0.95	AASRX	American Beacon Small	Pair Corr
0.63	AASSX	American Beacon Small	Pair Corr

Moving against American Mutual Fund

0.61	GHQPX	Amer Beacon Garcia	Pair Corr
0.6	GHQRX	American Beacon Garcia	Pair Corr
0.6	GHQYX	Amer Beacon Garcia	Pair Corr
0.5	GHQIX	Amer Beacon Garcia	Pair Corr
0.44	SSIJX	American Beacon Ssi	Pair Corr
0.56	AAERX	American Beacon Intl	Pair Corr
0.54	AAIPX	American Beacon Inte	Pair Corr
0.54	AAIEX	American Beacon Inte	Pair Corr
0.54	AAISX	American Beacon Inte	Pair Corr

Related Correlations Analysis

	SRDAX	ACBPX	PQCNX	DIFIX	PGFCX	TFCAX	FHCOX	HIIDX
SRDAX		-0.39	-0.4	-0.32	-0.15	-0.24	-0.22	-0.22	SRDAX
ACBPX	-0.39		1.0	0.96	0.72	0.88	0.89	0.88	ACBPX
PQCNX	-0.4	1.0		0.95	0.69	0.87	0.88	0.87	PQCNX
DIFIX	-0.32	0.96	0.95		0.83	0.87	0.87	0.92	DIFIX
PGFCX	-0.15	0.72	0.69	0.83		0.63	0.62	0.76	PGFCX
TFCAX	-0.24	0.88	0.87	0.87	0.63		0.99	0.86	TFCAX
FHCOX	-0.22	0.89	0.88	0.87	0.62	0.99		0.87	FHCOX
HIIDX	-0.22	0.88	0.87	0.92	0.76	0.86	0.87		HIIDX
	SRDAX	ACBPX	PQCNX	DIFIX	PGFCX	TFCAX	FHCOX	HIIDX

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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

PQCNX	+ 1.0	ACBPX
FHCOX	+ 0.99	TFCAX
DIFIX	+ 0.96	ACBPX
DIFIX	+ 0.95	PQCNX
HIIDX	+ 0.92	DIFIX
FHCOX	+ 0.89	ACBPX

High negative correlations

PQCNX	- 0.4	SRDAX
ACBPX	- 0.39	SRDAX
DIFIX	- 0.32	SRDAX
TFCAX	- 0.24	SRDAX
HIIDX	- 0.22	SRDAX
FHCOX	- 0.22	SRDAX

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
SRDAX	0.16	0.00	0.05	0.00	0.11	(0.20)	0.29	(0.37)	0.76
ACBPX	0.24	0.02	0.07	0.48	0.19	(0.30)	0.56	(0.44)	1.23
PQCNX	0.25	0.02	0.06	0.50	0.21	(0.30)	0.59	(0.46)	1.43
DIFIX	0.27	0.02	0.07	0.10	0.24	(0.33)	0.58	(0.49)	1.51
PGFCX	0.29	0.00	0.00	0.03	0.38	(0.34)	0.67	(0.48)	1.75
TFCAX	0.02	0.00	0.00	0.10	0.00	0.00	0.10	0.00	0.40
FHCOX	0.05	0.01	0.00	(0.43)	0.00	0.00	0.10	(0.10)	0.51
HIIDX	0.59	0.10	0.12	0.16	0.66	(0.63)	1.27	(0.88)	5.23

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