Aamg Funds Correlations

ACWZX Fund

USD 16.94 0.18 1.07%

The current 90-days correlation between Aamg Funds Iv and Sa Real Estate is -0.09 (i.e., Good diversification). The correlation of Aamg Funds 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.

Aamg Funds Correlation With Market

Poor diversification

The correlation between Aamg Funds Iv and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aamg Funds Iv and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aamg Funds Iv. 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 nation.

Moving together with Aamg Mutual Fund

0.98	SSSFX	Amg Southernsun Small	Pair Corr
0.97	ARSIX	Amg River Road	Pair Corr
0.98	MRLIX	Amg Renaissance Large	Pair Corr
0.98	MSSCX	Amg Frontier Small	Pair Corr
0.93	MSSVX	Amg Frontier Small	Pair Corr
0.98	MSSYX	Amg Frontier Small	Pair Corr
0.99	TSCPX	Amg Timessquare Small	Pair Corr
0.67	VSGAX	Vanguard Small Cap	Pair Corr
0.99	VSGIX	Vanguard Small Cap	Pair Corr
0.99	VISGX	Vanguard Small Cap	Pair Corr
0.84	VEXPX	Vanguard Explorer	Pair Corr
0.93	VEXRX	Vanguard Explorer	Pair Corr
0.92	JGMIX	Janus Triton	Pair Corr
0.97	JGMRX	Janus Triton	Pair Corr
0.92	JGMAX	Janus Triton	Pair Corr
0.92	JGMCX	Janus Triton	Pair Corr
0.97	JGMNX	Janus Triton	Pair Corr
0.79	WRHIX	Ivy High Income	Pair Corr
0.76	WHIAX	Ivy High Income	Pair Corr

Moving against Aamg Mutual Fund

0.66	MBDFX	Amg Gwk E	Pair Corr
0.66	MBDLX	Amg Gwk E	Pair Corr
0.65	MBGVX	Amg Gwk E	Pair Corr
0.59	ADLIX	Amg Managers Doubleline	Pair Corr
0.69	FLRRX	Franklin Low Duration	Pair Corr
0.57	SRINX	Columbia Porate Income	Pair Corr
0.56	SNGYX	Sit Government Securities	Pair Corr
0.54	UTDIX	My529 International Value	Pair Corr
0.48	LIIAX	Columbia Porate Income	Pair Corr
0.45	XSWZX	Swiss Helvetia	Pair Corr

Related Correlations Analysis

	SAREX	CREFX	REPIX	ZRPTUX	PAREX	PNDIX	VGSIX
SAREX		0.82	0.76	0.64	0.78	0.62	0.99	SAREX
CREFX	0.82		0.9	0.7	0.9	0.61	0.85	CREFX
REPIX	0.76	0.9		0.62	0.99	0.66	0.8	REPIX
ZRPTUX	0.64	0.7	0.62		0.62	0.49	0.65	ZRPTUX
PAREX	0.78	0.9	0.99	0.62		0.71	0.81	PAREX
PNDIX	0.62	0.61	0.66	0.49	0.71		0.6	PNDIX
VGSIX	0.99	0.85	0.8	0.65	0.81	0.6		VGSIX
	SAREX	CREFX	REPIX	ZRPTUX	PAREX	PNDIX	VGSIX

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Risk-Adjusted Indicators

There is a big difference between Aamg Mutual Fund performing well and Aamg Funds 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 Aamg Funds' 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
SAREX	0.90	(0.07)	0.00	0.16	0.00	0.00	1.64	(1.86)	4.54
CREFX	0.89	0.02	0.00	(0.03)	0.00	0.00	1.59	(1.75)	4.82
REPIX	1.28	0.14	0.08	0.07	1.71	(1.26)	2.69	(2.92)	7.54
ZRPTUX	0.08	(0.01)	0.00	(0.42)	0.00	0.00	0.15	(0.45)	0.98
PAREX	0.86	0.09	0.10	0.07	1.10	(0.85)	1.67	(1.81)	4.47
PNDIX	0.04	0.02	0.00	3.23	0.00	0.00	0.10	0.00	0.10
VGSIX	0.90	(0.06)	0.00	0.13	0.00	0.00	1.73	(1.97)	4.57

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