Amg River Correlations

ARRFX Fund

USD 13.42 0.13 0.96%

The current 90-days correlation between Amg River Road and Champlain Mid Cap is 0.05 (i.e., Significant diversification). The correlation of Amg River 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 River Correlation With Market

Weak diversification

The correlation between Amg River Road and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg River Road 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 River Road. 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

0.62	GWMZX	Amg Gwk Municipal	Pair Corr
0.62	GWMEX	Amg Gwk Municipal	Pair Corr
0.64	GWMNX	Amg Gwk Municipal	Pair Corr
0.71	CHTTX	Amg Managers Fairpointe	Pair Corr
0.75	ARDEX	Amg River Road	Pair Corr
0.75	ARIDX	Amg River Road	Pair Corr
0.72	ARSMX	Amg River Road	Pair Corr
0.84	ARRZX	Amg River Road	Pair Corr
0.9	ARZDX	Amg River Road	Pair Corr
0.71	ABIZX	Amg Managers Fairpointe	Pair Corr
0.71	ABMIX	Amg Managers Fairpointe	Pair Corr
0.65	MRASX	Amg Managers Centersquare	Pair Corr
0.65	MRESX	Amg Managers Centersquare	Pair Corr

Related Correlations Analysis

	CIPMX	JOEAX	WASMX	STMGX	BTMFX
CIPMX		-0.17	0.9	0.9	0.89	CIPMX
JOEAX	-0.17		-0.15	-0.21	-0.11	JOEAX
WASMX	0.9	-0.15		0.9	0.98	WASMX
STMGX	0.9	-0.21	0.9		0.83	STMGX
BTMFX	0.89	-0.11	0.98	0.83		BTMFX
	CIPMX	JOEAX	WASMX	STMGX	BTMFX

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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

BTMFX	+ 0.98	WASMX
WASMX	+ 0.9	CIPMX
STMGX	+ 0.9	CIPMX
STMGX	+ 0.9	WASMX
BTMFX	+ 0.89	CIPMX
BTMFX	+ 0.83	STMGX

High negative correlations

STMGX	- 0.21	JOEAX
JOEAX	- 0.17	CIPMX
WASMX	- 0.15	JOEAX
BTMFX	- 0.11	JOEAX

Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg River 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 River'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
CIPMX	0.92	(0.20)	0.00	(0.32)	0.00	0.00	1.33	(1.89)	10.60
JOEAX	0.86	0.09	0.11	0.12	1.08	(0.87)	1.65	(1.78)	6.33
WASMX	0.75	(0.09)	0.00	(0.19)	0.00	0.00	1.06	(1.59)	3.72
STMGX	1.01	(0.16)	0.00	(0.25)	0.00	0.00	1.68	(2.81)	5.31
BTMFX	0.67	(0.06)	0.00	(0.17)	0.00	0.00	1.09	(1.31)	3.61

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