Amg Gwk Correlations

Mutual Funds . USA . 
Fund . Amg Gwk Smallmid
GWGIX Fund  USD 20.54  0.31  1.53%   
The current 90-days correlation between Amg Gwk Smallmid and The Hartford Small is 0.93 (i.e., Almost no diversification). The correlation of Amg Gwk 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 Gwk Correlation With Market

Very poor diversification

The correlation between Amg Gwk Smallmid and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Gwk Smallmid and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Amg Gwk Smallmid. 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

  0.8SSEIX Amg Southernsun EquityPairCorr
  0.79SSEFX Amg Southernsun EquityPairCorr
  0.97FQUAX Amg Fq LongPairCorr
  0.76SSSFX Amg Southernsun SmallPairCorr
  0.76SSSIX Amg Southernsun SmallPairCorr
  0.99GWEIX Amg Gwk SmallPairCorr
  0.99GWETX Amg Gwk SmallPairCorr
  0.99GWEZX Amg Gwk SmallPairCorr
  1.0GWGVX Amg Gwk SmallmidPairCorr
  1.0GWGZX Amg Gwk SmallmidPairCorr
  0.97CHTTX Amg Managers FairpointePairCorr
  0.86ARDEX Amg River RoadPairCorr
  0.98ARIMX Amg River RoadPairCorr
  0.86ARIDX Amg River RoadPairCorr
  0.96ARRFX Amg River RoadPairCorr
  0.98ARSMX Amg River RoadPairCorr
  0.96ARSIX Amg River RoadPairCorr
  0.96ARRZX Amg River RoadPairCorr
  0.98ARSZX Amg River RoadPairCorr
  0.96ARSVX Amg River RoadPairCorr
  0.96ARZMX Amg River RoadPairCorr
  0.86ARZDX Amg River RoadPairCorr
  0.97ABIZX Amg Managers FairpointePairCorr
  0.97ABMIX Amg Managers FairpointePairCorr
  0.93MRLIX Amg Renaissance LargePairCorr
  0.93MRLSX Amg Renaissance LargePairCorr
  0.93MRLTX Amg Renaissance LargePairCorr
  0.99ACWDX Astoncrosswind Small CapPairCorr
  0.95TMDIX Amg Timessquare MidPairCorr
  0.99ACWZX Aamg Funds IvPairCorr

Moving against Amg Mutual Fund

  0.39GWMTX Amg Gwk MunicipalPairCorr
  0.39GWMIX Amg Gwk MunicipalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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