Amg Gwk Correlations

Mutual Funds . USA . 
Fund . Amg Gwk Municipal
GWMIX Fund  USD 11.41  0.02  0.18%   
The current 90-days correlation between Amg Gwk Municipal and Omni Small Cap Value is 0.19 (i.e., Average 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

Modest diversification

The correlation between Amg Gwk Municipal and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Gwk Municipal 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 Municipal. 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

  1.0GWMTX Amg Gwk MunicipalPairCorr
  0.96GWMZX Amg Gwk MunicipalPairCorr
  0.96GWMEX Amg Gwk MunicipalPairCorr
  0.97GWMNX Amg Gwk MunicipalPairCorr

Moving against Amg Mutual Fund

  0.49CHTTX Amg Managers FairpointePairCorr
  0.4GWETX Amg Gwk SmallPairCorr
  0.39GWEIX Amg Gwk SmallPairCorr
  0.39GWEZX Amg Gwk SmallPairCorr
  0.38GWGIX Amg Gwk SmallmidPairCorr
  0.38GWGZX Amg Gwk SmallmidPairCorr
  0.37GWGVX Amg Gwk SmallmidPairCorr
  0.32ARDEX Amg River RoadPairCorr
  0.31FQUAX Amg Fq LongPairCorr
  0.52ARSIX Amg River RoadPairCorr
  0.52ARSVX Amg River RoadPairCorr
  0.52ARZMX Amg River RoadPairCorr
  0.49ABIZX Amg Managers FairpointePairCorr
  0.48ABMIX Amg Managers FairpointePairCorr
  0.47ARIMX Amg River RoadPairCorr
  0.47ARSMX Amg River RoadPairCorr
  0.47ARSZX Amg River RoadPairCorr
  0.44ACWDX Astoncrosswind Small CapPairCorr
  0.44ACWZX Aamg Funds IvPairCorr
  0.39MRLIX Amg Renaissance LargePairCorr
  0.38MRLSX Amg Renaissance LargePairCorr
  0.38MRLTX Amg Renaissance LargePairCorr
  0.35TMDIX Amg Timessquare MidPairCorr
  0.32ARIDX Amg River RoadPairCorr
  0.31ARZDX Amg River RoadPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY