American Beacon Correlations

TFBYX Fund

USD 8.85 0.01 0.11%

The current 90-days correlation between American Beacon Twen and Goldman Sachs Short is -0.1 (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 Twentyfour and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Twentyfour 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 Twentyfour. 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 American Mutual Fund

0.65	SSIJX	American Beacon Ssi	Pair Corr
0.77	TFBCX	American Beacon Twen	Pair Corr
0.76	TFBAX	American Beacon Twen	Pair Corr
1.0	TFBRX	American Beacon Twen	Pair Corr
0.93	TFGPX	American Beacon Twen	Pair Corr
0.94	TFGIX	American Beacon Twen	Pair Corr
0.77	TFGYX	American Beacon Twen	Pair Corr
0.76	TFGCX	American Beacon Funds	Pair Corr
0.94	TFSAX	American Beacon Funds	Pair Corr
0.86	GHQIX	Amer Beacon Garcia	Pair Corr
0.74	GHQPX	Amer Beacon Garcia	Pair Corr
0.76	GHQRX	American Beacon Garcia	Pair Corr
0.75	GHQYX	Amer Beacon Garcia	Pair Corr
0.77	AAERX	American Beacon Intl	Pair Corr
0.76	AAIPX	American Beacon Inte	Pair Corr
0.74	AAIEX	American Beacon Inte	Pair Corr
0.86	AAISX	American Beacon Inte	Pair Corr
0.64	ABCAX	American Beacon	Pair Corr

Moving against American Mutual Fund

0.43	STSIX	American Beacon Stephens	Pair Corr
0.42	STSGX	American Beacon Stephens	Pair Corr
0.36	STSRX	American Beacon Stephens	Pair Corr
0.54	AASSX	American Beacon Small	Pair Corr
0.45	AASRX	American Beacon Small	Pair Corr
0.37	ASVCX	American Beacon Small	Pair Corr
0.34	SFMRX	American Beacon Stephens	Pair Corr

Related Correlations Analysis

	GANPX	CBOEX	JAFLX	PRVBX	MBSAX	TTRBX
GANPX		0.9	0.89	0.93	0.92	0.93	GANPX
CBOEX	0.9		0.98	0.96	0.94	0.98	CBOEX
JAFLX	0.89	0.98		0.94	0.96	0.98	JAFLX
PRVBX	0.93	0.96	0.94		0.97	0.95	PRVBX
MBSAX	0.92	0.94	0.96	0.97		0.96	MBSAX
TTRBX	0.93	0.98	0.98	0.95	0.96		TTRBX
	GANPX	CBOEX	JAFLX	PRVBX	MBSAX	TTRBX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GANPX	0.06	0.00	0.02	(0.02)	0.00	(0.12)	0.10	(0.10)	0.48
CBOEX	0.17	0.02	0.12	1.30	0.00	(0.20)	0.33	(0.24)	0.98
JAFLX	0.24	0.02	0.08	0.49	0.18	(0.30)	0.61	(0.41)	1.44
PRVBX	0.10	0.01	0.11	(0.48)	0.00	(0.13)	0.23	(0.17)	0.53
MBSAX	0.18	0.01	0.04	(0.16)	0.20	(0.21)	0.36	(0.30)	1.34
TTRBX	0.15	0.01	0.08	0.92	0.02	(0.19)	0.40	(0.30)	0.82

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