American Beacon Correlations

AVFIX Fund

USD 27.13 0.55 2.07%

The current 90-days correlation between American Beacon Small and Morningstar Unconstrained Allocation is 0.81 (i.e., Very poor 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 Small and DJI is 0.83 (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 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	BRLVX	American Beacon Bridgeway	Pair Corr
0.81	STSGX	American Beacon Stephens	Pair Corr
0.81	STSIX	American Beacon Stephens	Pair Corr
0.81	STSRX	American Beacon Stephens	Pair Corr
0.71	AABPX	American Beacon Balanced	Pair Corr
0.78	AADEX	American Beacon Large	Pair Corr
0.71	AADBX	American Beacon Balanced	Pair Corr
0.72	AAERX	American Beacon Intl	Pair Corr
0.78	AAGPX	American Beacon Large	Pair Corr
0.71	AAIPX	American Beacon Inte	Pair Corr
0.72	AAIEX	American Beacon Inte	Pair Corr
0.72	AAISX	American Beacon Inte	Pair Corr
0.78	AALRX	American Beacon Large	Pair Corr
0.86	BWLYX	American Beacon Bridgeway	Pair Corr
0.86	BWLRX	American Beacon Bridgeway	Pair Corr
0.8	BWLIX	American Beacon Bridgeway	Pair Corr
0.86	BWLCX	American Beacon Bridgeway	Pair Corr
0.86	BWLAX	American Beacon Bridgeway	Pair Corr
1.0	AASRX	American Beacon Small	Pair Corr
1.0	AASSX	American Beacon Small	Pair Corr

Related Correlations Analysis

	MSTSX	LIDR	MLGF	COKE	SCAXX	FPCG	DALI	LICY	KMX	ORLY
MSTSX		-0.54	0.08	0.62	0.78	0.0	0.52	-0.71	0.72	0.5	MSTSX
LIDR	-0.54		0.22	-0.88	-0.6	0.0	0.36	0.89	-0.42	-0.79	LIDR
MLGF	0.08	0.22		-0.25	0.11	0.0	0.28	0.19	-0.34	-0.12	MLGF
COKE	0.62	-0.88	-0.25		0.76	0.0	-0.25	-0.88	0.48	0.82	COKE
SCAXX	0.78	-0.6	0.11	0.76		0.0	0.17	-0.73	0.39	0.58	SCAXX
FPCG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FPCG
DALI	0.52	0.36	0.28	-0.25	0.17	0.0		0.14	0.32	-0.34	DALI
LICY	-0.71	0.89	0.19	-0.88	-0.73	0.0	0.14		-0.59	-0.75	LICY
KMX	0.72	-0.42	-0.34	0.48	0.39	0.0	0.32	-0.59		0.46	KMX
ORLY	0.5	-0.79	-0.12	0.82	0.58	0.0	-0.34	-0.75	0.46		ORLY
	MSTSX	LIDR	MLGF	COKE	SCAXX	FPCG	DALI	LICY	KMX	ORLY

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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

LICY	+ 0.89	LIDR
ORLY	+ 0.82	COKE
SCAXX	+ 0.78	MSTSX
SCAXX	+ 0.76	COKE
KMX	+ 0.72	MSTSX
COKE	+ 0.62	MSTSX

High negative correlations

LICY	- 0.88	COKE
COKE	- 0.88	LIDR
ORLY	- 0.79	LIDR
ORLY	- 0.75	LICY
LICY	- 0.73	SCAXX
LICY	- 0.71	MSTSX

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
MSTSX	0.56	0.00	(0.02)	0.12	0.62	(0.67)	1.21	(1.22)	4.07
LIDR	3.84	(1.09)	0.00	(0.37)	0.00	0.00	8.93	(9.52)	28.97
MLGF	0.37	0.01	(0.14)	0.27	0.45	(0.84)	1.20	(0.70)	4.13
COKE	1.45	0.34	0.15	1.41	1.42	(1.76)	3.45	(1.61)	13.02
SCAXX	0.06	0.00	0.00	0.22	0.00	0.00	0.00	0.00	2.01
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DALI	1.07	(0.11)	(0.04)	0.04	1.56	(1.04)	2.24	(3.16)	7.30
LICY	6.35	(0.98)	0.00	(0.19)	0.00	0.00	14.15	(10.56)	52.80
KMX	1.69	(0.09)	0.01	0.07	1.99	(1.73)	3.61	(3.36)	11.16
ORLY	0.87	0.05	(0.01)	0.26	1.28	(0.80)	2.03	(1.62)	6.79

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