American Beacon Correlations

SGACX Fund

USD 19.29 0.02 0.10%

The current 90-days correlation between American Beacon Sga and American Beacon Sga is -0.07 (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 Sga and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Sga 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 Sga. 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 main economic indicators.

Moving together with American Mutual Fund

0.69	SAGAX	Ridgeworth Innovative	Pair Corr
0.74	STCZX	Ridgeworth Silvant Large	Pair Corr
0.74	STCAX	Ridgeworth Silvant Large	Pair Corr
0.73	STCIX	Ridgeworth Silvant Large	Pair Corr

Moving against American Mutual Fund

0.4	SAMFX	Ridgeworth Seix Total	Pair Corr
0.39	SAMZX	Ridgeworth Seix Total	Pair Corr
0.33	SAVAX	Virtus Bond Fund	Pair Corr
0.33	SAVCX	Virtus Bond Fund	Pair Corr
0.33	SAVYX	Virtus Bond Fund	Pair Corr
0.41	STGIX	Ridgeworth Seix E	Pair Corr
0.4	STGZX	Ridgeworth Seix E	Pair Corr
0.39	STIGX	Ridgeworth Seix E	Pair Corr

Related Correlations Analysis

	SGAPX	BMRRX	SGTTX	SGTRX	AWEIX
SGAPX		0.46	0.47	0.47	0.76	SGAPX
BMRRX	0.46		0.98	0.98	0.79	BMRRX
SGTTX	0.47	0.98		1.0	0.79	SGTTX
SGTRX	0.47	0.98	1.0		0.79	SGTRX
AWEIX	0.76	0.79	0.79	0.79		AWEIX
	SGAPX	BMRRX	SGTTX	SGTRX	AWEIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SGAPX	1.10	(0.37)	(0.59)	1.42	(1.64)	23.13
BMRRX	1.49	(0.16)	(0.20)	1.98	(4.48)	7.62
SGTTX	1.29	(0.10)	(0.16)	1.86	(3.47)	7.72
SGTRX	1.29	(0.10)	(0.16)	1.86	(3.46)	7.71
AWEIX	0.77	(0.12)	(0.24)	1.28	(1.66)	6.12

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