Amg River Correlations

ARRZX Fund

USD 15.36 0.03 0.20%

The current 90-days correlation between Amg River Road and Amg Managers Doubleline is -0.06 (i.e., Good diversification). The correlation of Amg River 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 River Correlation With Market

Poor diversification

The correlation between Amg River Road and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg River Road 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 River Road. 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

0.79	VIMAX	Vanguard Mid Cap	Pair Corr
0.87	VIMSX	Vanguard Mid Cap	Pair Corr
0.94	VMCPX	Vanguard Mid Cap	Pair Corr
0.79	VMCIX	Vanguard Mid Cap	Pair Corr
0.95	VEXAX	Vanguard Extended Market	Pair Corr
0.84	VEMPX	Vanguard Extended Market	Pair Corr
0.78	VIEIX	Vanguard Extended Market	Pair Corr
0.89	VSEMX	Vanguard Extended Market	Pair Corr
0.84	VEXMX	Vanguard Extended Market	Pair Corr
0.78	FSMAX	Fidelity Extended Market	Pair Corr
0.73	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.73	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.81	VTSMX	Vanguard Total Stock	Pair Corr
0.7	BAC	Bank of America Aggressive Push	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.79	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.77	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.65	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.74	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Amg Mutual Fund

0.43	BTMKX	Blackrock International	Pair Corr
0.41	MDIIX	Blackrock Intern Index	Pair Corr
0.4	BTMPX	Ishares Msci Eafe	Pair Corr
0.59	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.48	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	ADLIX	MSSCX	MSSVX	MSSYX	AVADX	MBEAX	MBESX	MBDFX	MBDLX
ADLIX		-0.68	-0.68	-0.68	0.0	0.0	0.0	1.0	1.0	ADLIX
MSSCX	-0.68		1.0	1.0	0.0	0.0	0.0	-0.68	-0.68	MSSCX
MSSVX	-0.68	1.0		1.0	0.0	0.0	0.0	-0.68	-0.68	MSSVX
MSSYX	-0.68	1.0	1.0		0.0	0.0	0.0	-0.68	-0.68	MSSYX
AVADX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AVADX
MBEAX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MBEAX
MBESX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MBESX
MBDFX	1.0	-0.68	-0.68	-0.68	0.0	0.0	0.0		1.0	MBDFX
MBDLX	1.0	-0.68	-0.68	-0.68	0.0	0.0	0.0	1.0		MBDLX
	ADLIX	MSSCX	MSSVX	MSSYX	AVADX	MBEAX	MBESX	MBDFX	MBDLX

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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

MBDFX	+ 1.0	ADLIX
MBDLX	+ 1.0	ADLIX
MSSVX	+ 1.0	MSSCX
MSSYX	+ 1.0	MSSCX
MSSYX	+ 1.0	MSSVX
MBDLX	+ 1.0	MBDFX

High negative correlations

MBDLX	- 0.68	MSSYX
MBDFX	- 0.68	MSSYX
MBDLX	- 0.68	MSSVX
MBDFX	- 0.68	MSSVX
MBDLX	- 0.68	MSSCX
MBDFX	- 0.68	MSSCX

Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg River 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 River'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
ADLIX	0.20	(0.04)	0.00	0.68	0.00	0.00	0.45	(0.57)	1.25
MSSCX	1.01	0.12	0.01	(1.67)	1.29	(1.08)	2.34	(2.19)	6.80
MSSVX	1.01	0.12	0.01	(1.24)	1.29	(1.07)	2.37	(2.21)	6.86
MSSYX	1.01	0.12	0.01	(1.65)	1.32	(1.05)	2.35	(2.14)	6.85
AVADX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MBEAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MBESX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MBDFX	0.22	(0.04)	0.00	0.58	0.00	0.00	0.44	(0.67)	1.45
MBDLX	0.22	(0.04)	0.00	0.71	0.00	0.00	0.44	(0.56)	1.33

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