Amg Gwk Correlations

GWMNX Fund

USD 9.27 0.01 0.11%

The current 90-days correlation between Amg Gwk Municipal and Amg Gwk Municipal is 0.95 (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 good diversification

The correlation between Amg Gwk Municipal and DJI is -0.33 (i.e., Very good 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 board of governors.

Moving together with Amg Mutual Fund

0.97	GWMTX	Amg Gwk Municipal	Pair Corr
1.0	GWMZX	Amg Gwk Municipal	Pair Corr
1.0	GWMEX	Amg Gwk Municipal	Pair Corr
0.97	GWMIX	Amg Gwk Municipal	Pair Corr

Moving against Amg Mutual Fund

0.39	CHTTX	Amg Managers Fairpointe	Pair Corr
0.33	GWETX	Amg Gwk Small	Pair Corr
0.43	ARSIX	Amg River Road	Pair Corr
0.43	ARSVX	Amg River Road	Pair Corr
0.39	ARZMX	Amg River Road	Pair Corr
0.36	ABIZX	Amg Managers Fairpointe	Pair Corr
0.36	ABMIX	Amg Managers Fairpointe	Pair Corr
0.35	ARIMX	Amg River Road	Pair Corr
0.35	ARSMX	Amg River Road	Pair Corr
0.35	ARSZX	Amg River Road	Pair Corr
0.34	ACWDX	Astoncrosswind Small Cap	Pair Corr
0.34	ACWZX	Aamg Funds Iv	Pair Corr

Related Correlations Analysis

	GWMTX	ADBLX	OPTAX	REBAX
GWMTX		0.76	0.85	0.8	GWMTX
ADBLX	0.76		0.65	0.63	ADBLX
OPTAX	0.85	0.65		0.76	OPTAX
REBAX	0.8	0.63	0.76		REBAX
	GWMTX	ADBLX	OPTAX	REBAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GWMTX	0.13	0.00	(0.36)	0.14	0.22	(0.19)	0.36	(0.35)	1.33
ADBLX	0.20	(0.04)	0.00	(1.75)	0.00	0.00	0.45	(0.57)	1.25
OPTAX	0.17	0.00	(0.24)	0.04	0.26	(0.29)	0.44	(0.43)	1.89
REBAX	0.18	(0.02)	0.00	(0.33)	0.00	0.00	0.42	(0.42)	1.68

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