Amg Managers Correlations

Mutual Funds . USA . 
Fund . Amg Managers Fairpointe
ABIZX Fund  USD 22.78  0.25  1.11%   
The current 90-days correlation between Amg Managers Fairpointe and Old Westbury Fixed is 0.1 (i.e., Average diversification). The correlation of Amg Managers 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.

Amg Managers Correlation With Market

Very weak diversification

The correlation between Amg Managers Fairpointe and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Fairpointe 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 Amg Managers Fairpointe. 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 nation.

Moving together with Amg Mutual Fund

  0.92SSEIX Amg Southernsun EquityPairCorr
  0.92SSEFX Amg Southernsun EquityPairCorr
  0.9FQUAX Amg Fq LongPairCorr
  0.95SSSFX Amg Southernsun SmallPairCorr
  0.95SSSIX Amg Southernsun SmallPairCorr
  0.82BRWIX Amg Managers BrandywinePairCorr
  0.82GWEIX Amg Gwk SmallPairCorr
  0.78GWETX Amg Gwk SmallPairCorr
  0.82GWEZX Amg Gwk SmallPairCorr
  0.71GWGIX Amg Gwk SmallmidPairCorr
  0.71GWGVX Amg Gwk SmallmidPairCorr
  0.71GWGZX Amg Gwk SmallmidPairCorr
  0.67GWMZX Amg Gwk MunicipalPairCorr
  0.67GWMEX Amg Gwk MunicipalPairCorr
  0.68GWMNX Amg Gwk MunicipalPairCorr
  1.0CHTTX Amg Managers FairpointePairCorr
  0.95ARDEX Amg River RoadPairCorr
  0.98ARIMX Amg River RoadPairCorr
  0.93ARIDX Amg River RoadPairCorr
  1.0ARRFX Amg River RoadPairCorr
  0.95ARSMX Amg River RoadPairCorr
  0.87ARSIX Amg River RoadPairCorr
  1.0ARRZX Amg River RoadPairCorr
  0.98ARSZX Amg River RoadPairCorr
  0.88ARSVX Amg River RoadPairCorr
  0.92ARZMX Amg River RoadPairCorr
  0.95ARZDX Amg River RoadPairCorr
  1.0ABMIX Amg Managers FairpointePairCorr
  0.88MRASX Amg Managers CentersquarePairCorr
  0.9MRESX Amg Managers CentersquarePairCorr
  0.98MRLIX Amg Renaissance LargePairCorr
  0.98MRLSX Amg Renaissance LargePairCorr
  0.98MRLTX Amg Renaissance LargePairCorr
  0.79ACWDX Astoncrosswind Small CapPairCorr
  0.97TMDIX Amg Timessquare MidPairCorr
  0.7ACWZX Aamg Funds IvPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Managers 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 Amg Managers' 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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