Amg Southernsun Correlations

Mutual Funds . USA . 
Fund . Amg Southernsun Equity
SSEFX Fund  USD 13.22  0.07  0.53%   
The current 90-days correlation between Amg Southernsun Equity and Amg Southernsun Small is 0.07 (i.e., Significant diversification). The correlation of Amg Southernsun 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 Southernsun Correlation With Market

Good diversification

The correlation between Amg Southernsun Equity and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Southernsun Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Amg Southernsun Equity. 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 census.

Moving together with Amg Mutual Fund

  1.0SSEIX Amg Southernsun EquityPairCorr
  0.79FQUAX Amg Fq LongPairCorr
  0.97SSSFX Amg Southernsun SmallPairCorr
  0.97SSSIX Amg Southernsun SmallPairCorr
  0.81BRWIX Amg Managers BrandywinePairCorr
  0.74GWEIX Amg Gwk SmallPairCorr
  0.77GWETX Amg Gwk SmallPairCorr
  0.73GWEZX Amg Gwk SmallPairCorr
  0.61GWGIX Amg Gwk SmallmidPairCorr
  0.62GWGVX Amg Gwk SmallmidPairCorr
  0.61GWGZX Amg Gwk SmallmidPairCorr
  0.61GWMTX Amg Gwk MunicipalPairCorr
  0.69GWMZX Amg Gwk MunicipalPairCorr
  0.7GWMEX Amg Gwk MunicipalPairCorr
  0.7GWMNX Amg Gwk MunicipalPairCorr
  0.92CHTTX Amg Managers FairpointePairCorr
  0.9ARDEX Amg River RoadPairCorr
  0.89ARIMX Amg River RoadPairCorr
  0.93ARIDX Amg River RoadPairCorr
  0.92ARRFX Amg River RoadPairCorr
  0.93ARSMX Amg River RoadPairCorr
  0.84ARSIX Amg River RoadPairCorr
  0.92ARRZX Amg River RoadPairCorr
  0.89ARSZX Amg River RoadPairCorr
  0.86ARSVX Amg River RoadPairCorr
  0.82ARZMX Amg River RoadPairCorr
  0.9ARZDX Amg River RoadPairCorr
  0.92ABIZX Amg Managers FairpointePairCorr
  0.92ABMIX Amg Managers FairpointePairCorr
  0.88MRASX Amg Managers CentersquarePairCorr
  0.89MRESX Amg Managers CentersquarePairCorr
  0.9MRLIX Amg Renaissance LargePairCorr
  0.9MRLSX Amg Renaissance LargePairCorr
  0.9MRLTX Amg Renaissance LargePairCorr
  0.61ACWDX Astoncrosswind Small CapPairCorr
  0.89TMDIX Amg Timessquare MidPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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