Amg Managers Correlations

ADZIX Fund

USD 8.80 0.01 0.11%

The current 90-days correlation between Amg Managers Doubleline and Aig Government Money is 0.58 (i.e., Very weak diversification). The correlation of Amg Managers 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 Managers Correlation With Market

Significant diversification

The correlation between Amg Managers Doubleline and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Doubleline 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 Amg Managers Doubleline. 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

0.87	MMCFX	Amg Managers Emerging	Pair Corr
0.76	GWMTX	Amg Gwk Municipal	Pair Corr
0.68	GWMEX	Amg Gwk Municipal	Pair Corr
0.78	GWMIX	Amg Gwk Municipal	Pair Corr
0.64	GWMNX	Amg Gwk Municipal	Pair Corr
0.61	ARIDX	Amg River Road	Pair Corr
0.7	ARRFX	Amg River Road	Pair Corr
0.74	MRASX	Amg Managers Centersquare	Pair Corr
0.74	MRESX	Amg Managers Centersquare	Pair Corr

Moving against Amg Mutual Fund

0.67	GWGVX	Amg Gwk Smallmid	Pair Corr
0.66	GWGIX	Amg Gwk Smallmid	Pair Corr
0.66	GWGZX	Amg Gwk Smallmid	Pair Corr
0.62	ARSIX	Amg River Road	Pair Corr
0.61	ARZMX	Amg River Road	Pair Corr
0.59	SSSFX	Amg Southernsun Small	Pair Corr
0.59	SSSIX	Amg Southernsun Small	Pair Corr
0.56	GWETX	Amg Gwk Small	Pair Corr
0.55	GWEIX	Amg Gwk Small	Pair Corr
0.55	GWEZX	Amg Gwk Small	Pair Corr
0.53	ARIMX	Amg River Road	Pair Corr
0.53	ARSZX	Amg River Road	Pair Corr
0.52	ARSVX	Amg River Road	Pair Corr
0.48	SSEIX	Amg Southernsun Equity	Pair Corr
0.48	SSEFX	Amg Southernsun Equity	Pair Corr
0.43	BRWIX	Amg Managers Brandywine	Pair Corr
0.41	ARSMX	Amg River Road	Pair Corr
0.68	MSSVX	Amg Frontier Small	Pair Corr
0.67	ACWDX	Astoncrosswind Small Cap	Pair Corr
0.67	ACWZX	Aamg Funds Iv	Pair Corr
0.67	ACWIX	Amg Managers Lmcg	Pair Corr
0.67	MSSCX	Amg Frontier Small	Pair Corr
0.67	MSSYX	Amg Frontier Small	Pair Corr
0.67	SKSEX	Amg Managers Skyline	Pair Corr
0.67	SKSIX	Amg Managers Skyline	Pair Corr
0.67	SKSZX	Amg Managers Skyline	Pair Corr

Related Correlations Analysis

	SMAAX	AEYXX	IVMXX	IAAEX	FMFXX	HUCXX	FIKBX	QCMMIX
SMAAX		0.0	0.0	0.13	0.0	0.0	0.23	0.59	SMAAX
AEYXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AEYXX
IVMXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IVMXX
IAAEX	0.13	0.0	0.0		0.0	0.0	0.47	-0.18	IAAEX
FMFXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FMFXX
HUCXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HUCXX
FIKBX	0.23	0.0	0.0	0.47	0.0	0.0		-0.19	FIKBX
QCMMIX	0.59	0.0	0.0	-0.18	0.0	0.0	-0.19		QCMMIX
	SMAAX	AEYXX	IVMXX	IAAEX	FMFXX	HUCXX	FIKBX	QCMMIX

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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

QCMMIX	+ 0.59	SMAAX
FIKBX	+ 0.47	IAAEX
FIKBX	+ 0.23	SMAAX
IAAEX	+ 0.13	SMAAX
AEYXX	+ 0.0	SMAAX
IVMXX	+ 0.0	SMAAX

High negative correlations

QCMMIX	- 0.19	FIKBX
QCMMIX	- 0.18	IAAEX
QCMMIX	- 0.0	HUCXX
FIKBX	- 0.0	HUCXX
QCMMIX	- 0.0	FMFXX
FIKBX	- 0.0	FMFXX

Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Managers 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 Managers' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SMAAX	0.13	(0.02)	(0.99)	0.20	(0.39)	0.90
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00
IAAEX	0.81	(0.11)	(0.26)	1.41	(1.48)	9.17
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00
FIKBX	0.91	(0.03)	(0.07)	1.73	(2.69)	6.29
QCMMIX	0.02	0.01	(3.86)	0.03	0.00	0.03

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