Amg Managers Correlations

Mutual Funds . USA . 
Fund . Amg Managers Lmcg
ACWIX Fund  USD 18.94  0.26  1.39%   
The current 90-days correlation between Amg Managers Lmcg and Amg Southernsun Equity is 0.12 (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

Average diversification

The correlation between Amg Managers Lmcg and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Lmcg 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 Lmcg. 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 Amg Mutual Fund

  0.61SSEIX Amg Southernsun EquityPairCorr
  0.61SSEFX Amg Southernsun EquityPairCorr
  0.91FQUAX Amg Fq LongPairCorr
  0.62SSSFX Amg Southernsun SmallPairCorr
  0.62SSSIX Amg Southernsun SmallPairCorr
  0.66BRWIX Amg Managers BrandywinePairCorr
  0.96GWEIX Amg Gwk SmallPairCorr
  0.9GWETX Amg Gwk SmallPairCorr
  0.96GWEZX Amg Gwk SmallPairCorr
  0.99GWGIX Amg Gwk SmallmidPairCorr
  0.99GWGVX Amg Gwk SmallmidPairCorr
  0.99GWGZX Amg Gwk SmallmidPairCorr
  0.65GWMTX Amg Gwk MunicipalPairCorr
  0.63GWMZX Amg Gwk MunicipalPairCorr
  0.62GWMEX Amg Gwk MunicipalPairCorr
  0.65GWMIX Amg Gwk MunicipalPairCorr
  0.63GWMNX Amg Gwk MunicipalPairCorr
  0.69CHTTX Amg Managers FairpointePairCorr
  0.82ARIMX Amg River RoadPairCorr
  0.65ARRFX Amg River RoadPairCorr
  0.85ARSMX Amg River RoadPairCorr
  0.86ARSIX Amg River RoadPairCorr
  0.65ARRZX Amg River RoadPairCorr
  0.82ARSZX Amg River RoadPairCorr
  0.85ARSVX Amg River RoadPairCorr
  0.89ARZMX Amg River RoadPairCorr
  0.71ABIZX Amg Managers FairpointePairCorr
  0.71ABMIX Amg Managers FairpointePairCorr
  0.73MRESX Amg Managers CentersquarePairCorr
  0.78MRLIX Amg Renaissance LargePairCorr
  0.79MRLSX Amg Renaissance LargePairCorr
  0.78MRLTX Amg Renaissance LargePairCorr
  0.82ACWDX Astoncrosswind Small CapPairCorr
  0.82TMDIX Amg Timessquare MidPairCorr
  1.0ACWZX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSEIX  0.92 (0.17) 0.00 (0.76) 0.00 
 0.00 
 1.47 
(1.28)
 17.26 
SSEFX  0.91 (0.17) 0.00 (0.78) 0.00 
 0.00 
 1.47 
(1.28)
 17.30 
FQUAX  0.58  0.01 (0.05) 0.12  0.93 
(0.58)
 1.41 
(0.84)
 5.94 
SSSFX  1.02 (0.19) 0.00  2.40  0.00 
 0.00 
 1.67 
(1.28)
 19.77 
SSSIX  1.01 (0.19) 0.00  2.56  0.00 
 0.00 
 1.68 
(1.30)
 19.39 
BRWIX  0.59 (0.05) 0.00 (0.42) 0.00 
 0.00 
 1.01 
(1.49)
 4.43 
MMCFX  1.13 (0.13) 0.00 (0.21) 0.00 
 0.00 
 2.18 
(2.52)
 9.61 
GWEIX  0.89  0.03 (0.02) 0.18  1.13 
(1.02)
 1.77 
(1.65)
 10.70 
GWETX  0.90  0.03 (0.03) 0.20  1.15 
(1.02)
 1.79 
(1.67)
 10.70 
GWEZX  0.89  0.03 (0.02) 0.18  1.13 
(1.03)
 1.77 
(1.67)
 10.69 

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