American Beacon Correlations

Mutual Funds . USA . 
Fund . American Beacon Small
AVFIX Fund  USD 21.64  0.18  0.82%   
The current 90-days correlation between American Beacon Small and American Beacon International 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

Good diversification

The correlation between American Beacon Small and DJI is -0.07 (i.e., Good 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

  0.92BRLGX American Beacon BridgewayPairCorr
  0.97BRLVX American Beacon BridgewayPairCorr
  0.64TFGPX American Beacon TwenPairCorr
  0.65TFGIX American Beacon TwenPairCorr
  0.66TFGYX American Beacon TwenPairCorr
  0.73TFGCX American Beacon FundsPairCorr
  0.69TFSAX American Beacon FundsPairCorr
  0.88STMGX American Beacon StephensPairCorr
  0.95STSGX American Beacon StephensPairCorr
  0.95STSIX American Beacon StephensPairCorr
  0.95STSRX American Beacon StephensPairCorr
  0.94AABPX American Beacon BalancedPairCorr
  0.95AADEX American Beacon LargePairCorr
  0.94AADBX American Beacon BalancedPairCorr
  0.94SFMRX American Beacon StephensPairCorr
  0.95AAGPX American Beacon LargePairCorr
  0.94SFMIX American Beacon StephensPairCorr
  0.9AALRX American Beacon LargePairCorr
  0.92BWLYX American Beacon BridgewayPairCorr
  0.97BWLRX American Beacon BridgewayPairCorr
  0.97BWLIX American Beacon BridgewayPairCorr
  0.97BWLCX American Beacon BridgewayPairCorr
  0.97BWLAX American Beacon BridgewayPairCorr
  1.0AASRX American Beacon SmallPairCorr
  1.0AASSX American Beacon SmallPairCorr
  0.8ABCAX American BeaconPairCorr

Moving against American Mutual Fund

  0.67TFBRX American Beacon TwenPairCorr
  0.66TFBYX American Beacon TwenPairCorr
  0.63TFBAX American Beacon TwenPairCorr
  0.6GHQRX American Beacon GarciaPairCorr
  0.56TFBCX American Beacon TwenPairCorr
  0.53GHQIX Amer Beacon GarciaPairCorr
  0.52GHQYX Amer Beacon GarciaPairCorr
  0.48GHQPX Amer Beacon GarciaPairCorr
  0.42SSIJX American Beacon SsiPairCorr

Related Correlations Analysis

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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.

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