American Beacon Correlations

TFSAX Fund

USD 8.61 0.03 0.35%

The current 90-days correlation between American Beacon Funds and Wisdomtree Siegel Global is 0.22 (i.e., Modest 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

Average diversification

The correlation between American Beacon Funds and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Funds 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 Funds. 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

0.61	SSIJX	American Beacon Ssi	Pair Corr
0.87	TFBCX	American Beacon Twen	Pair Corr
0.84	TFBAX	American Beacon Twen	Pair Corr
0.81	TFBRX	American Beacon Twen	Pair Corr
0.83	TFBYX	American Beacon Twen	Pair Corr
0.97	TFGPX	American Beacon Twen	Pair Corr
0.97	TFGIX	American Beacon Twen	Pair Corr
0.97	TFGYX	American Beacon Twen	Pair Corr
0.96	TFGCX	American Beacon Funds	Pair Corr
0.62	AABPX	American Beacon Balanced	Pair Corr
0.62	AADBX	American Beacon Balanced	Pair Corr

Related Correlations Analysis

	EQTYX	FSBCX	PGMAX	APDPX	MGKAX	PAGLX	RGPAX	USGLX
EQTYX		0.21	0.04	-0.68	0.12	-0.18	-0.23	-0.24	EQTYX
FSBCX	0.21		0.94	0.45	0.74	0.89	0.87	0.76	FSBCX
PGMAX	0.04	0.94		0.54	0.67	0.95	0.89	0.7	PGMAX
APDPX	-0.68	0.45	0.54		0.44	0.74	0.8	0.79	APDPX
MGKAX	0.12	0.74	0.67	0.44		0.69	0.7	0.68	MGKAX
PAGLX	-0.18	0.89	0.95	0.74	0.69		0.96	0.83	PAGLX
RGPAX	-0.23	0.87	0.89	0.8	0.7	0.96		0.92	RGPAX
USGLX	-0.24	0.76	0.7	0.79	0.68	0.83	0.92		USGLX
	EQTYX	FSBCX	PGMAX	APDPX	MGKAX	PAGLX	RGPAX	USGLX

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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

RGPAX	+ 0.96	PAGLX
PAGLX	+ 0.95	PGMAX
PGMAX	+ 0.94	FSBCX
USGLX	+ 0.92	RGPAX
PAGLX	+ 0.89	FSBCX
RGPAX	+ 0.89	PGMAX

High negative correlations

APDPX	- 0.68	EQTYX
USGLX	- 0.24	EQTYX
RGPAX	- 0.23	EQTYX
PAGLX	- 0.18	EQTYX

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
EQTYX	0.43	0.00	(0.16)	0.13	0.39	(0.61)	1.11	(0.91)	2.53
FSBCX	0.36	(0.03)	(0.18)	0.06	0.45	(0.37)	0.75	(0.85)	2.09
PGMAX	0.31	(0.03)	(0.24)	0.06	0.34	(0.38)	0.70	(0.69)	2.08
APDPX	0.10	0.00	(0.66)	0.00	0.00	(0.15)	0.20	(0.10)	0.69
MGKAX	0.72	(0.06)	(0.10)	0.05	0.89	(0.68)	1.39	(1.20)	3.63
PAGLX	0.52	(0.03)	(0.08)	0.09	0.67	(0.55)	1.14	(1.28)	3.68
RGPAX	0.57	0.00	(0.06)	0.13	0.56	(0.70)	1.32	(1.36)	3.24
USGLX	0.58	(0.01)	(0.04)	0.12	0.74	(0.59)	1.25	(1.29)	4.33

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