Amg Frontier Correlations

Mutual Funds . USA . 
Fund . Amg Frontier Small
MSSYX Fund  USD 8.39  0.03  0.36%   
The current 90-days correlation between Amg Frontier Small and Siit Small Cap is 0.75 (i.e., Poor diversification). The correlation of Amg Frontier 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 Frontier Correlation With Market

AmgDowDiversified AwayAmgDowDiversified Away100%

Poor diversification

The correlation between Amg Frontier Small and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Frontier Small 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 Frontier Small. 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 manufacturing.

Moving together with Amg Mutual Fund

  0.83SSEIX Amg Southernsun EquityPairCorr
  0.83SSEFX Amg Southernsun EquityPairCorr
  0.82SSSFX Amg Southernsun SmallPairCorr
  0.82SSSIX Amg Southernsun SmallPairCorr
  0.91BRWIX Amg Managers BrandywinePairCorr
  0.97GWEIX Amg Gwk SmallPairCorr
  0.97GWETX Amg Gwk SmallPairCorr
  0.97GWEZX Amg Gwk SmallPairCorr
  0.97GWGIX Amg Gwk SmallmidPairCorr
  0.97GWGVX Amg Gwk SmallmidPairCorr
  0.97GWGZX Amg Gwk SmallmidPairCorr
  0.69CHTTX Amg Managers FairpointePairCorr
  0.84ARIMX Amg River RoadPairCorr
  0.83ARSMX Amg River RoadPairCorr
  0.89ARSIX Amg River RoadPairCorr
  0.83ARSZX Amg River RoadPairCorr
  0.89ARSVX Amg River RoadPairCorr
  0.89ARZMX Amg River RoadPairCorr
  0.7ABIZX Amg Managers FairpointePairCorr
  0.7ABMIX Amg Managers FairpointePairCorr
  0.93MRLIX Amg Renaissance LargePairCorr
  0.93MRLSX Amg Renaissance LargePairCorr
  0.93MRLTX Amg Renaissance LargePairCorr
  0.98ACWDX Astoncrosswind Small CapPairCorr
  0.9TMDIX Amg Timessquare MidPairCorr
  0.98ACWZX Aamg Funds IvPairCorr

Moving against Amg Mutual Fund

  0.64MMCFX Amg Managers EmergingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Trending Assets

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