American Beacon Correlations

SGAPX Fund

USD 30.65 0.07 0.23%

The current 90-days correlation between American Beacon Sga and Sands Capital Global is 0.85 (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

Poor diversification

The correlation between American Beacon Sga and DJI is 0.68 (i.e., Poor 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 american community survey.

Moving together with American Mutual Fund

0.8	HYIZX	Ridgeworth Seix High	Pair Corr
0.82	SAGAX	Ridgeworth Innovative	Pair Corr
0.8	HYPSX	Ridgeworth Seix High	Pair Corr
0.8	SAMHX	Ridgeworth Seix High	Pair Corr
0.83	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.62	PFSRX	Virtus Senior Floating	Pair Corr
0.78	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.65	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.75	PXQSX	Virtus Kar Small	Pair Corr
0.86	SSTFX	Virtus Kar Capital	Pair Corr
0.81	PXSGX	Virtus Kar Small	Pair Corr
0.75	PGHCX	Virtus High Yield	Pair Corr
0.62	PGICX	Virtus Rampart Enhanced	Pair Corr
0.85	STCZX	Ridgeworth Silvant Large	Pair Corr
0.85	STCAX	Ridgeworth Silvant Large	Pair Corr
0.85	STCIX	Ridgeworth Silvant Large	Pair Corr
0.78	STCEX	Ridgeworth Ceredex Small	Pair Corr

Related Correlations Analysis

	SCGVX	SGACX	TCMPX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
SCGVX		0.8	-0.55	0.0	0.5	0.75	0.81	0.71	0.84	0.74	SCGVX
SGACX	0.8		-0.25	0.0	0.61	0.75	0.48	0.88	0.53	0.45	SGACX
TCMPX	-0.55	-0.25		0.0	-0.09	-0.23	-0.63	-0.02	-0.58	-0.85	TCMPX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.5	0.61	-0.09	0.0		0.65	0.08	0.76	0.19	0.2	MSTSX
LBHIX	0.75	0.75	-0.23	0.0	0.65		0.5	0.83	0.56	0.41	LBHIX
VIASP	0.81	0.48	-0.63	0.0	0.08	0.5		0.35	0.87	0.71	VIASP
RRTLX	0.71	0.88	-0.02	0.0	0.76	0.83	0.35		0.45	0.24	RRTLX
OSHDF	0.84	0.53	-0.58	0.0	0.19	0.56	0.87	0.45		0.64	OSHDF
70082LAB3	0.74	0.45	-0.85	0.0	0.2	0.41	0.71	0.24	0.64		70082LAB3
	SCGVX	SGACX	TCMPX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

RRTLX	+ 0.88	SGACX
OSHDF	+ 0.87	VIASP
OSHDF	+ 0.84	SCGVX
RRTLX	+ 0.83	LBHIX
VIASP	+ 0.81	SCGVX
SGACX	+ 0.8	SCGVX

High negative correlations

70082LAB3	- 0.85	TCMPX
VIASP	- 0.63	TCMPX
OSHDF	- 0.58	TCMPX
TCMPX	- 0.55	SCGVX
TCMPX	- 0.25	SGACX
LBHIX	- 0.23	TCMPX

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
SCGVX	0.71	0.17	0.17	0.34	0.53	(0.85)	1.69	(1.42)	4.46
SGACX	0.55	0.08	(0.04)	1.46	0.67	(0.58)	1.36	(1.08)	3.78
TCMPX	0.61	(0.11)	0.00	(0.15)	0.00	0.00	1.34	(1.12)	3.49
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.45	0.00	(0.10)	0.11	0.39	(0.58)	1.21	(0.84)	2.80
LBHIX	0.10	0.01	(0.41)	0.24	0.00	(0.25)	0.24	(0.24)	0.71
VIASP	0.76	0.12	0.00	(1.56)	1.12	(0.82)	2.28	(1.20)	7.18
RRTLX	0.22	0.02	(0.29)	0.47	0.16	(0.25)	0.48	(0.47)	1.36
OSHDF	39.65	22.79	0.00	(0.86)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.70	0.07	(0.03)	1.15	0.99	(0.84)	1.75	(1.19)	6.86

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