Asg Managed Correlations

Mutual Funds . USA . 
Fund . Asg Managed Futures
AMFAX Fund  USD 8.23  0.05  0.60%   
The current 90-days correlation between Asg Managed Futures and Aqr Managed Futures is 0.71 (i.e., Poor diversification). The correlation of Asg Managed 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.

Asg Managed Correlation With Market

Average diversification

The correlation between Asg Managed Futures and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asg Managed Futures 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 Asg Managed Futures. 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 Asg Mutual Fund

  1.0AMFNX Asg Managed FuturesPairCorr
  0.74GCPAX Gateway Equity CallPairCorr
  0.75GCPCX Gateway Equity CallPairCorr
  0.74GCPNX Gateway Equity CallPairCorr
  0.74GCPYX Gateway Equity CallPairCorr
  0.76LGRCX Loomis Sayles GrowthPairCorr
  0.78LGRNX Loomis Sayles GrowthPairCorr
  0.77LGRRX Loomis Sayles GrowthPairCorr
  0.83VNSYX Vaughan Nelson SelectPairCorr
  0.83VNSCX Vaughan Nelson SelectPairCorr
  0.83VNSAX Vaughan Nelson SelectPairCorr
  0.83VNSNX Vaughan Nelson SelectPairCorr
  0.63VNVCX Vaughan Nelson ValuePairCorr
  0.65VNVAX Vaughan Nelson ValuePairCorr
  0.66VNVNX Vaughan Nelson ValuePairCorr
  0.66VNVYX Vaughan Nelson ValuePairCorr

Moving against Asg Mutual Fund

  0.87LGANX Loomis Sayles LimitedPairCorr
  0.82LGBNX Loomis Sayles InvestmentPairCorr
  0.81LGBCX Loomis Sayles InvestmentPairCorr
  0.77NOIAX Natixis Oakmark IntePairCorr
  0.77NOICX Natixis Oakmark IntePairCorr
  0.77NOIYX Natixis Oakmark IntlPairCorr
  0.81LIGAX Loomis Sayles InvestmentPairCorr
  0.81LIGRX Loomis Sayles InvestmentPairCorr

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   
AQMIX
+ 1.0
AQMNX
EGRAX
+ 0.79
AQMNX
AQMIX
+ 0.78
EGRAX
GAFAX
+ 0.23
EGRAX
GAFAX
+ 0.07
AQMNX
GAFAX
+ 0.07
AQMIX
  
High negative correlations   
EGRAX
- 0.9
PQTAX
AQMIX
- 0.61
PQTAX
PQTAX
- 0.61
AQMNX
GAFAX
- 0.16
PQTAX

Risk-Adjusted Indicators

There is a big difference between Asg Mutual Fund performing well and Asg Managed 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 Asg Managed'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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