American Beacon Correlations

SPWAX Fund

USD 13.47 0.03 0.22%

The current 90-days correlation between American Beacon Stephens and Blackrock Sm Cap is 0.93 (i.e., Almost no 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

Very poor diversification

The correlation between American Beacon Stephens and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Stephens and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in American Beacon Stephens. 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

0.87	SSIJX	American Beacon Ssi	Pair Corr
0.95	BRLGX	American Beacon Bridgeway	Pair Corr
0.98	BRLVX	American Beacon Bridgeway	Pair Corr
0.63	TFBCX	American Beacon Twen	Pair Corr
0.68	TFBAX	American Beacon Twen	Pair Corr
0.73	TFBRX	American Beacon Twen	Pair Corr
0.7	TFBYX	American Beacon Twen	Pair Corr
0.97	STMGX	American Beacon Stephens	Pair Corr
1.0	STSGX	American Beacon Stephens	Pair Corr
1.0	STSIX	American Beacon Stephens	Pair Corr
0.96	STSRX	American Beacon Stephens	Pair Corr
0.92	AABPX	American Beacon Balanced	Pair Corr
0.97	AADEX	American Beacon Large	Pair Corr
0.97	AADBX	American Beacon Balanced	Pair Corr
0.92	AAGPX	American Beacon Large	Pair Corr
0.97	SFMIX	American Beacon Stephens	Pair Corr
0.97	AALRX	American Beacon Large	Pair Corr
0.98	BWLYX	American Beacon Bridgeway	Pair Corr
0.98	BWLRX	American Beacon Bridgeway	Pair Corr
0.94	BWLIX	American Beacon Bridgeway	Pair Corr
0.98	BWLCX	American Beacon Bridgeway	Pair Corr
0.98	BWLAX	American Beacon Bridgeway	Pair Corr
0.99	AASRX	American Beacon Small	Pair Corr
0.99	AASSX	American Beacon Small	Pair Corr
0.92	ABCAX	American Beacon	Pair Corr
0.93	ABCVX	American Beacon	Pair Corr
0.93	ABCYX	American Beacon	Pair Corr

Moving against American Mutual Fund

0.68	GHQIX	Amer Beacon Garcia	Pair Corr
0.68	GHQPX	Amer Beacon Garcia	Pair Corr
0.37	TIVFX	Tocqueville Inte	Pair Corr
0.68	GHQYX	Amer Beacon Garcia	Pair Corr
0.67	AAIPX	American Beacon Inte	Pair Corr
0.66	AAERX	American Beacon Intl	Pair Corr
0.66	AAIEX	American Beacon Inte	Pair Corr
0.66	AAISX	American Beacon Inte	Pair Corr
0.62	GHQRX	American Beacon Garcia	Pair Corr
0.66	ABEYX	American Beacon Inte	Pair Corr

Related Correlations Analysis

	MDSKX	USCAX	SIGWX	LBDRX	PRDMX	NSIDX	LIGFX	JDJRX
MDSKX		0.92	0.94	0.96	0.96	1.0	0.88	-0.28	MDSKX
USCAX	0.92		0.99	0.9	0.89	0.92	0.85	-0.15	USCAX
SIGWX	0.94	0.99		0.91	0.92	0.94	0.83	-0.23	SIGWX
LBDRX	0.96	0.9	0.91		0.97	0.96	0.84	-0.28	LBDRX
PRDMX	0.96	0.89	0.92	0.97		0.96	0.85	-0.33	PRDMX
NSIDX	1.0	0.92	0.94	0.96	0.96		0.88	-0.28	NSIDX
LIGFX	0.88	0.85	0.83	0.84	0.85	0.88		0.06	LIGFX
JDJRX	-0.28	-0.15	-0.23	-0.28	-0.33	-0.28	0.06		JDJRX
	MDSKX	USCAX	SIGWX	LBDRX	PRDMX	NSIDX	LIGFX	JDJRX

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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

NSIDX	+ 1.0	MDSKX
SIGWX	+ 0.99	USCAX
PRDMX	+ 0.97	LBDRX
LBDRX	+ 0.96	MDSKX
PRDMX	+ 0.96	MDSKX
NSIDX	+ 0.96	LBDRX

High negative correlations

JDJRX	- 0.33	PRDMX
JDJRX	- 0.28	NSIDX
JDJRX	- 0.28	LBDRX
JDJRX	- 0.28	MDSKX
JDJRX	- 0.23	SIGWX
JDJRX	- 0.15	USCAX

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
MDSKX	0.91	(0.02)	0.02	0.09	0.92	(0.99)	2.08	(1.62)	7.61
USCAX	0.92	0.09	0.01	0.55	0.95	(1.06)	2.07	(1.70)	7.45
SIGWX	0.73	0.10	0.01	0.70	0.83	(0.82)	1.53	(1.38)	7.02
LBDRX	0.58	(0.01)	(0.03)	0.09	0.44	(0.68)	1.14	(0.96)	4.70
PRDMX	0.73	0.15	0.17	0.24	0.54	(0.86)	1.71	(1.25)	4.72
NSIDX	0.88	(0.01)	0.03	0.10	0.87	(1.04)	2.13	(1.79)	7.65
LIGFX	0.25	0.00	(0.23)	0.10	0.20	(0.29)	0.55	(0.50)	1.23
JDJRX	0.44	(0.01)	0.00	0.28	0.00	0.00	1.00	(0.89)	2.54

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