Amg Managers Correlations

MCGIX Fund

USD 14.04 0.11 0.78%

The current 90-days correlation between Amg Managers Montag and Growth Fund Of is 0.87 (i.e., Very poor diversification). The correlation of Amg Managers 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 Managers Correlation With Market

Poor diversification

The correlation between Amg Managers Montag and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Montag and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Amg Managers Montag. 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

0.75	SSEIX	Amg Southernsun Equity	Pair Corr
0.74	SSEFX	Amg Southernsun Equity	Pair Corr
0.86	FQUAX	Amg Fq Long	Pair Corr
0.71	SSSFX	Amg Southernsun Small	Pair Corr
0.71	SSSIX	Amg Southernsun Small	Pair Corr
0.88	GWEIX	Amg Gwk Small	Pair Corr
0.88	GWETX	Amg Gwk Small	Pair Corr
0.88	GWEZX	Amg Gwk Small	Pair Corr
0.9	GWGIX	Amg Gwk Smallmid	Pair Corr
0.9	GWGVX	Amg Gwk Smallmid	Pair Corr
0.89	GWGZX	Amg Gwk Smallmid	Pair Corr
0.87	CHTTX	Amg Managers Fairpointe	Pair Corr
0.76	ARDEX	Amg River Road	Pair Corr
0.87	ARIMX	Amg River Road	Pair Corr
0.76	ARIDX	Amg River Road	Pair Corr
0.84	ARRFX	Amg River Road	Pair Corr
0.84	ARSMX	Amg River Road	Pair Corr
0.85	ARSIX	Amg River Road	Pair Corr
0.84	ARRZX	Amg River Road	Pair Corr
0.87	ARSZX	Amg River Road	Pair Corr
0.82	ARSVX	Amg River Road	Pair Corr
0.85	ARZMX	Amg River Road	Pair Corr
0.76	ARZDX	Amg River Road	Pair Corr
0.87	ABIZX	Amg Managers Fairpointe	Pair Corr
0.87	ABMIX	Amg Managers Fairpointe	Pair Corr
0.88	MRLIX	Amg Renaissance Large	Pair Corr
0.88	MRLSX	Amg Renaissance Large	Pair Corr
0.88	MRLTX	Amg Renaissance Large	Pair Corr
0.91	ACWDX	Astoncrosswind Small Cap	Pair Corr
0.89	TMDIX	Amg Timessquare Mid	Pair Corr
0.91	ACWZX	Aamg Funds Iv	Pair Corr

Moving against Amg Mutual Fund

0.4	GWMIX	Amg Gwk Municipal	Pair Corr
0.39	GWMTX	Amg Gwk Municipal	Pair Corr

Related Correlations Analysis

	GFAFX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX
GFAFX		-0.73	0.0	-0.23	0.73	0.67	0.02	-0.49	0.5	0.93	GFAFX
444859BR2	-0.73		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.23	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	BRRAY
MSTSX	0.73	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	MSTSX
LBHIX	0.67	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	LBHIX
ABHYX	0.02	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	ABHYX
SCAXF	-0.49	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	SCAXF
VIASP	0.5	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	VIASP
AAEVX	0.93	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		AAEVX
	GFAFX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX

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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

AAEVX	+ 0.93	GFAFX
AAEVX	+ 0.75	MSTSX
MSTSX	+ 0.73	GFAFX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	GFAFX
LBHIX	+ 0.67	MSTSX

High negative correlations

VIASP	- 0.8	SCAXF
444859BR2	- 0.73	GFAFX
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
SCAXF	- 0.49	GFAFX

Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Managers 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 Managers' 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
GFAFX	0.65	0.02	0.01	0.14	0.86	(0.66)	1.34	(1.64)	4.42
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76

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