Amg Renaissance Correlations

MRLSX Fund

USD 17.59 0.05 0.28%

The current 90-days correlation between Amg Renaissance Large and Amg Gwk Small is 0.52 (i.e., Very weak 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 weak diversification

The correlation between Amg Renaissance Large and DJI is 0.56 (i.e., Very weak 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

0.64

TMDIX

Amg Timessquare Mid

Pair Corr

Related Correlations Analysis

	SSEIX	SSEFX	FQUAX	SSSFX	SSSIX	BRWIX	MMCFX	GWEIX	GWETX	GWEZX
SSEIX		1.0	0.8	1.0	0.99	0.96	0.75	0.91	0.91	0.91	SSEIX
SSEFX	1.0		0.8	1.0	0.99	0.96	0.75	0.91	0.91	0.91	SSEFX
FQUAX	0.8	0.8		0.78	0.78	0.73	0.6	0.95	0.96	0.95	FQUAX
SSSFX	1.0	1.0	0.78		1.0	0.95	0.72	0.9	0.89	0.9	SSSFX
SSSIX	0.99	0.99	0.78	1.0		0.95	0.72	0.89	0.89	0.89	SSSIX
BRWIX	0.96	0.96	0.73	0.95	0.95		0.79	0.86	0.85	0.86	BRWIX
MMCFX	0.75	0.75	0.6	0.72	0.72	0.79		0.74	0.74	0.74	MMCFX
GWEIX	0.91	0.91	0.95	0.9	0.89	0.86	0.74		1.0	1.0	GWEIX
GWETX	0.91	0.91	0.96	0.89	0.89	0.85	0.74	1.0		1.0	GWETX
GWEZX	0.91	0.91	0.95	0.9	0.89	0.86	0.74	1.0	1.0		GWEZX
	SSEIX	SSEFX	FQUAX	SSSFX	SSSIX	BRWIX	MMCFX	GWEIX	GWETX	GWEZX

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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
SSEIX	1.03	0.27	0.31	0.34	0.38	(1.33)	2.78	(1.45)	9.79
SSEFX	1.04	0.27	0.31	0.34	0.38	(1.37)	2.78	(1.45)	9.80
FQUAX	0.86	0.22	0.23	0.43	0.36	(1.19)	2.11	(1.19)	12.83
SSSFX	1.01	0.23	0.24	0.29	0.59	(1.22)	2.96	(1.43)	7.88
SSSIX	1.01	0.22	0.25	0.29	0.59	(1.22)	2.96	(1.44)	7.62
BRWIX	0.58	0.10	0.10	0.25	0.41	(0.68)	1.17	(1.13)	3.66
MMCFX	0.74	0.02	(0.03)	0.14	0.79	(0.81)	1.89	(1.49)	5.05
GWEIX	0.86	0.21	0.22	0.35	0.47	(1.03)	2.24	(1.39)	9.45
GWETX	0.87	0.22	0.22	0.36	0.47	(1.04)	2.23	(1.38)	9.76
GWEZX	0.86	0.21	0.22	0.35	0.48	(1.04)	2.21	(1.36)	9.49

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Amg Renaissance Correlations

Amg Renaissance Correlation With Market

Very weak diversification

Moving together with Amg Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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