Amg Gwk Correlations

GWMZX Fund

USD 8.83 0.01 0.11%

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

Average diversification

The correlation between Amg Gwk Municipal and DJI is 0.19 (i.e., Average 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. 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

0.76	GWMTX	Amg Gwk Municipal	Pair Corr
0.75	GWMEX	Amg Gwk Municipal	Pair Corr
0.96	GWMIX	Amg Gwk Municipal	Pair Corr
0.67	ARRZX	Amg River Road	Pair Corr
0.67	MRASX	Amg Managers Centersquare	Pair Corr
0.63	MRESX	Amg Managers Centersquare	Pair Corr

Moving against Amg Mutual Fund

0.31	GWGIX	Amg Gwk Smallmid	Pair Corr
0.34	ARZMX	Amg River Road	Pair Corr

Related Correlations Analysis

	ARHBX	JTSQX	NQCRX	SGICX	LMAPX	CHICX	LCSAX
ARHBX		0.19	0.16	-0.01	0.57	0.28	0.23	ARHBX
JTSQX	0.19		0.93	0.4	0.56	0.31	0.51	JTSQX
NQCRX	0.16	0.93		0.41	0.55	0.32	0.53	NQCRX
SGICX	-0.01	0.4	0.41		-0.19	-0.34	0.49	SGICX
LMAPX	0.57	0.56	0.55	-0.19		0.83	0.24	LMAPX
CHICX	0.28	0.31	0.32	-0.34	0.83		0.15	CHICX
LCSAX	0.23	0.51	0.53	0.49	0.24	0.15		LCSAX
	ARHBX	JTSQX	NQCRX	SGICX	LMAPX	CHICX	LCSAX

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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

NQCRX	+ 0.93	JTSQX
CHICX	+ 0.83	LMAPX
LMAPX	+ 0.57	ARHBX
LMAPX	+ 0.56	JTSQX
LMAPX	+ 0.55	NQCRX
LCSAX	+ 0.53	NQCRX

High negative correlations

CHICX	- 0.34	SGICX
LMAPX	- 0.19	SGICX
SGICX	- 0.01	ARHBX

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
ARHBX	0.66	0.05	0.22	(0.28)	0.66	(0.77)	1.38	(1.41)	4.56
JTSQX	0.65	0.01	0.00	(0.08)	0.00	0.00	1.22	(1.34)	3.69
NQCRX	0.75	(0.01)	0.00	(0.11)	0.00	0.00	1.42	(2.01)	4.95
SGICX	0.90	(0.34)	0.00	(2.86)	0.00	0.00	1.09	(1.37)	19.21
LMAPX	0.12	0.01	0.37	0.01	0.14	(0.17)	0.24	(0.24)	0.94
CHICX	0.08	(0.01)	0.55	0.34	0.06	(0.32)	0.16	(0.16)	0.80
LCSAX	0.39	(0.03)	0.00	1.39	0.00	0.00	0.79	(0.79)	2.86

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