Amg Renaissance Correlations

Mutual Funds . USA . 
Fund . Amg Renaissance Large
MRLIX Fund  USD 17.26  0.15  0.88%   
The current 90-days correlation between Amg Renaissance Large and Lord Abbett Diversified is 0.29 (i.e., Modest diversification). The correlation of Amg Renaissance 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 Renaissance Correlation With Market

Very poor diversification

The correlation between Amg Renaissance Large and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Renaissance Large 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 Renaissance Large. 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

  0.97FQUAX Amg Fq LongPairCorr
  0.98CHTTX Amg Managers FairpointePairCorr
  0.95ARSMX Amg River RoadPairCorr
  0.79ARSIX Amg River RoadPairCorr
  1.0MRLTX Amg Renaissance LargePairCorr
  0.98ACWDX Astoncrosswind Small CapPairCorr
  0.99TMDPX Amg Timessquare MidPairCorr
  0.65MSEIX Amg Managers SpecialPairCorr
  0.87MSSCX Amg Frontier SmallPairCorr
  0.88MSSVX Amg Frontier SmallPairCorr
  0.87MSSYX Amg Frontier SmallPairCorr
  0.72MCGIX Amg Managers MontagPairCorr
  0.96YAFFX Amg Yacktman FocusedPairCorr
  0.96YAFIX Amg Yacktman FocusedPairCorr
  0.95TSCIX Amg Timessquare SmallPairCorr
  0.65MGSEX Amg Managers SpecialPairCorr
  0.78TCMIX Amg Timessquare IntePairCorr
  0.95AGTHX Growth FundPairCorr
  0.97GFACX Growth FundPairCorr
  0.97GFAFX Growth FundPairCorr
  0.97FAFGX American FundsPairCorr
  0.97FFAFX American FundsPairCorr
  0.97CGFFX Growth FundPairCorr
  0.97CGFCX Growth FundPairCorr
  0.95CGFAX Growth FundPairCorr
  0.97CGFEX Growth FundPairCorr
  0.72VSTSX Vanguard Total StockPairCorr
  0.75VSMPX Vanguard Total StockPairCorr
  0.75VITSX Vanguard Total StockPairCorr
  0.69VFFSX Vanguard 500 IndexPairCorr
  0.73VFIAX Vanguard 500 IndexPairCorr
  0.72VTSAX Vanguard Total StockPairCorr
  0.85VTSNX Vanguard Total InterPairCorr
  0.82VTISX Vanguard Total InterPairCorr
  0.85VTPSX Vanguard Total InterPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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