American Beacon Correlations

ASCIX Fund

USD 21.43 0.01 0.05%

The current 90-days correlation between American Beacon Small and Calamos Dynamic Convertible is -0.11 (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

Good diversification

The correlation between American Beacon Small and DJI is -0.19 (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

0.74	VGTSX	Vanguard Total Inter	Pair Corr
0.74	VTIAX	Vanguard Total Inter	Pair Corr
0.69	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.81	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against American Mutual Fund

0.7	VTSAX	Vanguard Total Stock	Pair Corr
0.7	VTSMX	Vanguard Total Stock	Pair Corr
0.7	VITSX	Vanguard Total Stock	Pair Corr
0.7	VSTSX	Vanguard Total Stock	Pair Corr
0.7	VSMPX	Vanguard Total Stock	Pair Corr
0.7	MEGIX	Msvif Growth Port	Pair Corr
0.69	VFFSX	Vanguard 500 Index	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.67	ELFNX	Elfun Trusts Elfun	Pair Corr
0.65	BSDAX	Blackrock Smid Cap	Pair Corr
0.56	CGSAX	Columbia Growth 529	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.68	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.64	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.57	WMT	Walmart	Pair Corr
0.54	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CCD	XNCVX	PRCCX	PBXIX	LCFYX	VAADX	AVK
CCD		-0.45	-0.35	-0.32	-0.43	-0.46	-0.39	CCD
XNCVX	-0.45		0.97	0.96	0.98	1.0	0.91	XNCVX
PRCCX	-0.35	0.97		0.97	0.98	0.97	0.84	PRCCX
PBXIX	-0.32	0.96	0.97		0.95	0.96	0.83	PBXIX
LCFYX	-0.43	0.98	0.98	0.95		0.98	0.91	LCFYX
VAADX	-0.46	1.0	0.97	0.96	0.98		0.9	VAADX
AVK	-0.39	0.91	0.84	0.83	0.91	0.9		AVK
	CCD	XNCVX	PRCCX	PBXIX	LCFYX	VAADX	AVK

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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

VAADX	+ 1.0	XNCVX
LCFYX	+ 0.98	XNCVX
LCFYX	+ 0.98	PRCCX
VAADX	+ 0.98	LCFYX
PRCCX	+ 0.97	XNCVX
PBXIX	+ 0.97	PRCCX

High negative correlations

VAADX	- 0.46	CCD
XNCVX	- 0.45	CCD
LCFYX	- 0.43	CCD
AVK	- 0.39	CCD
PRCCX	- 0.35	CCD
PBXIX	- 0.32	CCD

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
CCD	0.74	0.01	(0.04)	0.13	0.89	(0.80)	1.90	(1.69)	4.83
XNCVX	0.48	0.13	0.09	0.81	0.26	(0.63)	1.08	(0.80)	2.60
PRCCX	0.39	0.07	0.07	0.23	0.05	(0.49)	0.98	(0.64)	2.27
PBXIX	0.32	0.05	(0.06)	0.49	0.19	(0.42)	0.87	(0.53)	2.27
LCFYX	0.39	0.09	0.10	0.30	0.00	(0.49)	1.01	(0.69)	2.80
VAADX	0.45	0.15	0.15	1.16	0.09	(0.56)	1.09	(0.84)	2.61
AVK	0.62	0.11	0.05	0.55	0.57	(0.77)	1.43	(0.87)	5.25

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