Amg Renaissance Correlations

MRLTX Fund

USD 17.16 0.05 0.29%

The current 90-days correlation between Amg Renaissance Large and Neuberger Berman Mid is 0.2 (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

Poor diversification

The correlation between Amg Renaissance Large and DJI is 0.78 (i.e., 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 population.

Moving together with Amg Mutual Fund

0.71	SSEIX	Amg Southernsun Equity	Pair Corr
0.71	SSEFX	Amg Southernsun Equity	Pair Corr
0.97	FQUAX	Amg Fq Long	Pair Corr
0.68	SSSFX	Amg Southernsun Small	Pair Corr
0.67	SSSIX	Amg Southernsun Small	Pair Corr
0.65	BRWIX	Amg Managers Brandywine	Pair Corr
0.61	MMCFX	Amg Managers Emerging	Pair Corr
0.92	GWEIX	Amg Gwk Small	Pair Corr
0.92	GWETX	Amg Gwk Small	Pair Corr
0.92	GWEZX	Amg Gwk Small	Pair Corr
0.77	GWGIX	Amg Gwk Smallmid	Pair Corr
0.77	GWGVX	Amg Gwk Smallmid	Pair Corr
0.77	GWGZX	Amg Gwk Smallmid	Pair Corr
0.61	GWMTX	Amg Gwk Municipal	Pair Corr
0.62	GWMIX	Amg Gwk Municipal	Pair Corr
0.98	CHTTX	Amg Managers Fairpointe	Pair Corr
0.95	ARDEX	Amg River Road	Pair Corr
0.94	ARIMX	Amg River Road	Pair Corr
0.95	ARIDX	Amg River Road	Pair Corr
0.98	ARRFX	Amg River Road	Pair Corr
0.94	ARSMX	Amg River Road	Pair Corr
0.66	ARSIX	Amg River Road	Pair Corr
0.98	ARRZX	Amg River Road	Pair Corr
0.94	ARSZX	Amg River Road	Pair Corr
0.98	ARSVX	Amg River Road	Pair Corr
0.98	ARZMX	Amg River Road	Pair Corr
0.95	ARZDX	Amg River Road	Pair Corr
0.98	ABIZX	Amg Managers Fairpointe	Pair Corr
0.98	ABMIX	Amg Managers Fairpointe	Pair Corr
1.0	MRLIX	Amg Renaissance Large	Pair Corr
0.95	ACWDX	Astoncrosswind Small Cap	Pair Corr
0.94	TMDIX	Amg Timessquare Mid	Pair Corr
0.95	ACWZX	Aamg Funds Iv	Pair Corr

Moving against Amg Mutual Fund

0.96

MCGFX

Aston Montag Caldwell

Pair Corr

Related Correlations Analysis

	MECDX	RYDVX	ICPAX	OCMAX	DUNK	NESGX	JNVSX	ENHRX	CLFFX	NBREX
MECDX		-0.17	0.47	0.79	-0.45	0.82	0.66	0.66	0.7	0.82	MECDX
RYDVX	-0.17		0.1	-0.05	-0.15	-0.12	-0.19	-0.02	-0.07	-0.17	RYDVX
ICPAX	0.47	0.1		0.76	-0.93	0.78	0.56	0.9	0.84	0.75	ICPAX
OCMAX	0.79	-0.05	0.76		-0.72	0.91	0.82	0.85	0.87	0.88	OCMAX
DUNK	-0.45	-0.15	-0.93	-0.72		-0.74	-0.52	-0.92	-0.86	-0.74	DUNK
NESGX	0.82	-0.12	0.78	0.91	-0.74		0.84	0.88	0.92	0.95	NESGX
JNVSX	0.66	-0.19	0.56	0.82	-0.52	0.84		0.7	0.82	0.82	JNVSX
ENHRX	0.66	-0.02	0.9	0.85	-0.92	0.88	0.7		0.97	0.92	ENHRX
CLFFX	0.7	-0.07	0.84	0.87	-0.86	0.92	0.82	0.97		0.95	CLFFX
NBREX	0.82	-0.17	0.75	0.88	-0.74	0.95	0.82	0.92	0.95		NBREX
	MECDX	RYDVX	ICPAX	OCMAX	DUNK	NESGX	JNVSX	ENHRX	CLFFX	NBREX

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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

CLFFX	+ 0.97	ENHRX
NBREX	+ 0.95	NESGX
NBREX	+ 0.95	CLFFX
CLFFX	+ 0.92	NESGX
NBREX	+ 0.92	ENHRX
NESGX	+ 0.91	OCMAX

High negative correlations

DUNK	- 0.93	ICPAX
ENHRX	- 0.92	DUNK
CLFFX	- 0.86	DUNK
NBREX	- 0.74	DUNK
NESGX	- 0.74	DUNK
DUNK	- 0.72	OCMAX

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
MECDX	0.75	0.26	0.17	(1.81)	0.48	(0.92)	1.32	(1.12)	10.46
RYDVX	2.08	(0.69)	0.00	1.23	0.00	0.00	2.28	(1.60)	64.94
ICPAX	0.85	0.29	0.15	(4.31)	0.70	(0.99)	2.17	(1.43)	4.11
OCMAX	1.82	0.63	0.18	0.97	2.53	(2.00)	4.36	(3.93)	15.61
DUNK	0.89	(0.26)	0.00	(0.21)	0.00	0.00	1.52	(2.09)	5.13
NESGX	1.24	0.29	0.23	0.31	1.13	(1.50)	3.07	(1.98)	7.79
JNVSX	0.63	0.01	(0.01)	0.13	0.60	(0.81)	1.70	(1.18)	4.15
ENHRX	0.51	0.12	0.12	0.32	0.11	(0.66)	1.36	(0.98)	2.84
CLFFX	0.66	0.08	0.08	0.20	0.59	(0.79)	1.93	(1.05)	4.74
NBREX	0.71	0.10	0.11	0.21	0.64	(0.80)	1.72	(1.32)	4.74

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