Amg Renaissance Correlations

MRLSX Fund

USD 17.39 0.30 1.70%

The current 90-days correlation between Amg Renaissance Large and Fidelity Real Estate is 0.24 (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 0.8 (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 main economic indicators.

Moving together with Amg Mutual Fund

0.71	SSEFX	Amg Southernsun Equity	Pair Corr
0.71	SSSFX	Amg Southernsun Small Steady Growth	Pair Corr
0.71	SSSIX	Amg Southernsun Small Steady Growth	Pair Corr
0.62	MMCFX	Amg Managers Emerging	Pair Corr
0.62	GWEIX	Amg Gwk Small	Pair Corr
0.62	GWETX	Amg Gwk Small	Pair Corr
0.64	GWGVX	Amg Gwk Smallmid	Pair Corr
0.61	ARSMX	Amg River Road	Pair Corr
0.66	ARSIX	Amg River Road	Pair Corr
0.61	ARSZX	Amg River Road	Pair Corr
0.62	ACWDX	Astoncrosswind Small Cap	Pair Corr
0.67	TMDIX	Amg Timessquare Mid	Pair Corr
0.63	ACWIX	Amg Managers Lmcg	Pair Corr
0.66	TMDPX	Amg Timessquare Mid	Pair Corr
0.65	MSEIX	Amg Managers Special	Pair Corr
0.75	MSSCX	Amg Frontier Small	Pair Corr
0.75	MSSVX	Amg Frontier Small	Pair Corr
0.75	MSSYX	Amg Frontier Small	Pair Corr
0.82	MCGIX	Amg Managers Montag	Pair Corr

Related Correlations Analysis

	MXSFX	DCREX	MRESX	JYEBX	NRCFX	CNREX	CREYX	FIKMX
MXSFX		0.87	0.94	0.77	0.79	0.71	0.97	0.84	MXSFX
DCREX	0.87		0.92	0.68	0.8	0.57	0.92	0.63	DCREX
MRESX	0.94	0.92		0.71	0.75	0.6	0.97	0.71	MRESX
JYEBX	0.77	0.68	0.71		0.77	0.46	0.71	0.57	JYEBX
NRCFX	0.79	0.8	0.75	0.77		0.74	0.77	0.76	NRCFX
CNREX	0.71	0.57	0.6	0.46	0.74		0.7	0.94	CNREX
CREYX	0.97	0.92	0.97	0.71	0.77	0.7		0.8	CREYX
FIKMX	0.84	0.63	0.71	0.57	0.76	0.94	0.8		FIKMX
	MXSFX	DCREX	MRESX	JYEBX	NRCFX	CNREX	CREYX	FIKMX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MXSFX	0.54	0.04	0.01	0.19	0.62	(0.58)	1.06	(1.08)	3.10
DCREX	0.44	0.01	(0.04)	0.07	0.55	(0.47)	0.98	(0.99)	2.80
MRESX	0.55	0.02	(0.01)	0.10	0.74	(0.55)	1.20	(1.13)	3.37
JYEBX	0.54	0.01	(0.04)	0.18	0.73	(0.54)	1.03	(1.05)	3.37
NRCFX	0.46	0.00	(0.05)	0.11	0.70	(0.42)	0.93	(0.93)	2.75
CNREX	0.66	0.07	0.08	0.13	0.54	(0.89)	1.63	(1.28)	4.60
CREYX	0.54	0.03	0.00	0.12	0.68	(0.54)	1.05	(1.05)	3.33
FIKMX	0.16	0.01	(0.10)	0.16	0.10	(0.19)	0.33	(0.33)	0.99

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Amg Renaissance Correlations

Amg Renaissance Correlation With Market

Very poor diversification

Moving together with Amg Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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