Aamg Funds Correlations

Mutual Funds USA . 
Fund . Aamg Funds Iv
ACWZX Fund  USD 19.42  0.25  1.30%   
The current 90-days correlation between Aamg Funds Iv and Janus Global Technology is 0.69 (i.e., Poor diversification). The correlation of Aamg Funds 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.

Aamg Funds Correlation With Market

Very poor diversification

The correlation between Aamg Funds Iv and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aamg Funds Iv 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 Aamg Funds Iv. 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 Aamg Mutual Fund

  0.76SSEIX Amg Southernsun EquityPairCorr
  0.75SSEFX Amg Southernsun EquityPairCorr
  0.94FQUAX Amg Fq LongPairCorr
  0.72SSSFX Amg Southernsun SmallPairCorr
  0.72SSSIX Amg Southernsun SmallPairCorr
  0.98GWEIX Amg Gwk SmallPairCorr
  0.98GWETX Amg Gwk SmallPairCorr
  0.98GWEZX Amg Gwk SmallPairCorr
  0.99GWGIX Amg Gwk SmallmidPairCorr
  0.99GWGVX Amg Gwk SmallmidPairCorr
  0.99GWGZX Amg Gwk SmallmidPairCorr
  0.96CHTTX Amg Managers FairpointePairCorr
  0.84ARDEX Amg River RoadPairCorr
  0.97ARIMX Amg River RoadPairCorr
  0.84ARIDX Amg River RoadPairCorr
  0.93ARRFX Amg River RoadPairCorr
  0.97ARSMX Amg River RoadPairCorr
  0.96ARSIX Amg River RoadPairCorr
  0.93ARRZX Amg River RoadPairCorr
  0.96ARSZX Amg River RoadPairCorr
  0.96ARSVX Amg River RoadPairCorr
  0.96ARZMX Amg River RoadPairCorr
  0.84ARZDX Amg River RoadPairCorr
  0.96ABIZX Amg Managers FairpointePairCorr
  0.96ABMIX Amg Managers FairpointePairCorr
  0.91MRLIX Amg Renaissance LargePairCorr
  0.91MRLSX Amg Renaissance LargePairCorr
  0.91MRLTX Amg Renaissance LargePairCorr
  1.0ACWDX Astoncrosswind Small CapPairCorr
  0.94TMDIX Amg Timessquare MidPairCorr

Moving against Aamg Mutual Fund

  0.45GWMTX Amg Gwk MunicipalPairCorr
  0.45GWMIX Amg Gwk MunicipalPairCorr
  0.34GWMNX Amg Gwk MunicipalPairCorr
  0.32GWMEX Amg Gwk MunicipalPairCorr
  0.67ADBLX Amg Managers DoublelinePairCorr
  0.66ADLIX Amg Managers DoublelinePairCorr
  0.66ADZIX Amg Managers DoublelinePairCorr
  0.65MBDFX Amg Gwk EPairCorr
  0.64MBDLX Amg Gwk EPairCorr
  0.4YASLX Amg Yacktman SpecialPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aamg Mutual Fund performing well and Aamg Funds 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 Aamg Funds' 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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