Amg Yacktman Correlations

Mutual Funds . USA . 
Fund . Amg Yacktman Focused
YAFFX Fund  USD 18.82  0.01  0.05%   
The current 90-days correlation between Amg Yacktman Focused and Amg Yacktman Fund is 0.12 (i.e., Average diversification). The correlation of Amg Yacktman 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 Yacktman Correlation With Market

Very weak diversification

The correlation between Amg Yacktman Focused and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Yacktman Focused and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Amg Yacktman Focused. 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

  0.95SSEIX Amg Southernsun EquityPairCorr
  0.95SSEFX Amg Southernsun EquityPairCorr
  0.73FQUAX Amg Fq LongPairCorr
  0.96SSSFX Amg Southernsun SmallPairCorr
  0.96SSSIX Amg Southernsun SmallPairCorr
  0.86BRWIX Amg Managers BrandywinePairCorr
  0.62MMCFX Amg Managers EmergingPairCorr
  0.92CHTTX Amg Managers FairpointePairCorr
  0.97ARDEX Amg River RoadPairCorr
  0.82ARIMX Amg River RoadPairCorr
  0.97ARIDX Amg River RoadPairCorr
  0.94ARRFX Amg River RoadPairCorr
  0.83ARSMX Amg River RoadPairCorr
  0.68ARSIX Amg River RoadPairCorr
  0.94ARRZX Amg River RoadPairCorr
  0.82ARSZX Amg River RoadPairCorr
  0.69ARSVX Amg River RoadPairCorr
  0.68ARZMX Amg River RoadPairCorr
  0.97ARZDX Amg River RoadPairCorr
  0.91ABIZX Amg Managers FairpointePairCorr
  0.91ABMIX Amg Managers FairpointePairCorr
  0.93MRASX Amg Managers CentersquarePairCorr
  0.93MRESX Amg Managers CentersquarePairCorr
  0.86MRLIX Amg Renaissance LargePairCorr
  0.86MRLSX Amg Renaissance LargePairCorr
  0.86MRLTX Amg Renaissance LargePairCorr
  0.88TMDIX 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 Yacktman 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 Yacktman'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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