Amg Timessquare Correlations

TCMIX Fund

USD 14.89 0.10 0.68%

The current 90-days correlation between Amg Timessquare Inte and Amg Timessquare International is 1.0 (i.e., No risk reduction). The correlation of Amg Timessquare 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 Timessquare Correlation With Market

Very weak diversification

The correlation between Amg Timessquare International and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Timessquare International 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 Timessquare International. 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

0.68	GWMTX	Amg Gwk Municipal	Pair Corr
0.68	GWMIX	Amg Gwk Municipal	Pair Corr

Moving against Amg Mutual Fund

0.62	FQUAX	Amg Fq Long	Pair Corr
0.58	GWEIX	Amg Gwk Small	Pair Corr
0.58	GWEZX	Amg Gwk Small	Pair Corr
0.57	GWETX	Amg Gwk Small	Pair Corr
0.56	GWGIX	Amg Gwk Smallmid	Pair Corr
0.56	GWGVX	Amg Gwk Smallmid	Pair Corr
0.56	GWGZX	Amg Gwk Smallmid	Pair Corr
0.38	MMCFX	Amg Managers Emerging Potential Growth	Pair Corr
0.73	ARSIX	Amg River Road	Pair Corr
0.73	ARSVX	Amg River Road	Pair Corr
0.73	ARZMX	Amg River Road	Pair Corr
0.71	ARIMX	Amg River Road	Pair Corr
0.71	ARSZX	Amg River Road	Pair Corr
0.71	ARZDX	Amg River Road	Pair Corr
0.7	CHTTX	Amg Managers Fairpointe	Pair Corr
0.7	ARSMX	Amg River Road	Pair Corr
0.7	ABIZX	Amg Managers Fairpointe	Pair Corr
0.7	ABMIX	Amg Managers Fairpointe	Pair Corr
0.7	MRLIX	Amg Renaissance Large	Pair Corr
0.69	ARDEX	Amg River Road	Pair Corr
0.69	ARIDX	Amg River Road	Pair Corr
0.68	MRLSX	Amg Renaissance Large	Pair Corr
0.58	ARRZX	Amg River Road	Pair Corr
0.57	ARRFX	Amg River Road	Pair Corr
0.67	MRLTX	Amg Renaissance Large	Pair Corr
0.6	MSSCX	Amg Frontier Small	Pair Corr
0.6	MSSVX	Amg Frontier Small	Pair Corr
0.6	MSSYX	Amg Frontier Small	Pair Corr

Related Correlations Analysis

	TCMPX	HJPNX	JENYX	APHKX	ADGKX
TCMPX		0.75	0.56	0.85	-0.31	TCMPX
HJPNX	0.75		0.5	0.81	-0.53	HJPNX
JENYX	0.56	0.5		0.67	-0.4	JENYX
APHKX	0.85	0.81	0.67		-0.57	APHKX
ADGKX	-0.31	-0.53	-0.4	-0.57		ADGKX
	TCMPX	HJPNX	JENYX	APHKX	ADGKX

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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

APHKX	+ 0.85	TCMPX
APHKX	+ 0.81	HJPNX
HJPNX	+ 0.75	TCMPX
APHKX	+ 0.67	JENYX
JENYX	+ 0.56	TCMPX
JENYX	+ 0.5	HJPNX

High negative correlations

ADGKX	- 0.57	APHKX
ADGKX	- 0.53	HJPNX
ADGKX	- 0.4	JENYX
ADGKX	- 0.31	TCMPX

Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Timessquare 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 Timessquare'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
TCMPX	0.65	(0.16)	0.00	(0.22)	0.00	0.00	1.67	(1.18)	3.79
HJPNX	1.16	(0.15)	0.00	(0.04)	0.00	0.00	2.11	(2.48)	8.08
JENYX	0.70	(0.21)	0.00	(0.23)	0.00	0.00	1.07	(1.25)	11.53
APHKX	0.46	(0.09)	0.00	(0.13)	0.00	0.00	0.95	(1.00)	2.78
ADGKX	0.50	0.04	(0.08)	(0.91)	0.55	(0.65)	1.13	(1.04)	3.21

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