Amg Southernsun Correlations

Mutual Funds . USA . 
Fund . Amg Southernsun Equity
SSEIX Fund  USD 13.14  0.12  0.90%   
The current 90-days correlation between Amg Southernsun Equity and Gabelli Gold Fund is 0.19 (i.e., Average 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 -0.03 (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 gross domestic product.

Moving together with Amg Mutual Fund

  1.0SSEFX Amg Southernsun EquityPairCorr
  0.79FQUAX Amg Fq LongPairCorr
  0.96SSSFX Amg Southernsun SmallPairCorr
  0.96SSSIX Amg Southernsun SmallPairCorr
  0.84BRWIX Amg Managers BrandywinePairCorr
  0.69GWEIX Amg Gwk SmallPairCorr
  0.72GWETX Amg Gwk SmallPairCorr
  0.69GWEZX Amg Gwk SmallPairCorr
  0.64GWMTX Amg Gwk MunicipalPairCorr
  0.69GWMZX Amg Gwk MunicipalPairCorr
  0.69GWMEX Amg Gwk MunicipalPairCorr
  0.7GWMNX Amg Gwk MunicipalPairCorr
  0.85CHTTX Amg Managers FairpointePairCorr
  0.89ARDEX Amg River RoadPairCorr
  0.84ARIMX Amg River RoadPairCorr
  0.85ARIDX Amg River RoadPairCorr
  0.91ARRFX Amg River RoadPairCorr
  0.88ARSMX Amg River RoadPairCorr
  0.73ARSIX Amg River RoadPairCorr
  0.87ARRZX Amg River RoadPairCorr
  0.74ARSVX Amg River RoadPairCorr
  0.69ARZMX Amg River RoadPairCorr
  0.85ARZDX Amg River RoadPairCorr
  0.85ABIZX Amg Managers FairpointePairCorr
  0.84MRASX Amg Managers CentersquarePairCorr
  0.91MRESX Amg Managers CentersquarePairCorr
  0.89MRLIX Amg Renaissance LargePairCorr
  0.89MRLSX Amg Renaissance LargePairCorr
  0.89MRLTX Amg Renaissance LargePairCorr
  0.62ACWDX Astoncrosswind Small CapPairCorr
  0.91TMDIX Amg Timessquare MidPairCorr
  0.66ACWZX Aamg Funds IvPairCorr
  0.62ACWIX Amg Managers LmcgPairCorr
  0.91TMDPX Amg Timessquare MidPairCorr

Related Correlations Analysis

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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   
IOGYX
+ 0.99
GLDAX
IIGCX
+ 0.99
EPGFX
UIPMX
+ 0.99
EPGFX
IIGCX
+ 0.99
FRGOX
UIPMX
+ 0.99
FRGOX
FGDIX
+ 0.99
FRGOX
  
High negative correlations   
FRGOX
- 0.37
MXKJX
IIGCX
- 0.36
MXKJX
UIPMX
- 0.34
MXKJX
MXKJX
- 0.34
GLDAX
FGDIX
- 0.33
MXKJX
MXKJX
- 0.33
IOGYX

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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