Amg River Correlations
| ARRZX Fund | USD 13.41 0.13 0.96% |
The current 90-days correlation between Amg River Road and Franklin Adjustable Government is 0.09 (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 0.35 (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.
Amg |
Moving together with Amg Mutual Fund
| 0.73 | FQUAX | Amg Fq Long | PairCorr |
| 0.82 | CHTTX | Amg Managers Fairpointe | PairCorr |
| 0.86 | ARDEX | Amg River Road | PairCorr |
| 0.62 | ARIMX | Amg River Road | PairCorr |
| 0.86 | ARIDX | Amg River Road | PairCorr |
| 0.84 | ARRFX | Amg River Road | PairCorr |
| 0.62 | ARSZX | Amg River Road | PairCorr |
| 0.69 | ARZDX | Amg River Road | PairCorr |
| 0.81 | ABIZX | Amg Managers Fairpointe | PairCorr |
| 0.81 | ABMIX | Amg Managers Fairpointe | PairCorr |
| 0.69 | MRASX | Amg Managers Centersquare | PairCorr |
| 0.69 | MRESX | Amg Managers Centersquare | PairCorr |
Related Correlations Analysis
| 0.92 | 0.91 | 0.89 | 0.91 | 0.9 | 0.9 | FCSCX | ||
| 0.92 | 1.0 | 0.96 | 1.0 | 1.0 | 1.0 | CGTFX | ||
| 0.91 | 1.0 | 0.96 | 1.0 | 1.0 | 1.0 | CGTCX | ||
| 0.89 | 0.96 | 0.96 | 0.96 | 0.97 | 0.96 | RGVEX | ||
| 0.91 | 1.0 | 1.0 | 0.96 | 1.0 | 1.0 | RGVAX | ||
| 0.9 | 1.0 | 1.0 | 0.97 | 1.0 | 1.0 | FHNFX | ||
| 0.9 | 1.0 | 1.0 | 0.96 | 1.0 | 1.0 | GSOIX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCSCX | 0.06 | 0.01 | 0.58 | 0.55 | 0.00 | 0.13 | 0.66 | |||
| CGTFX | 0.25 | 0.02 | 0.28 | 0.51 | 0.24 | 0.60 | 1.55 | |||
| CGTCX | 0.25 | 0.02 | 0.26 | 0.39 | 0.25 | 0.61 | 1.56 | |||
| RGVEX | 0.25 | 0.01 | 0.26 | (0.25) | 0.24 | 0.51 | 1.38 | |||
| RGVAX | 0.25 | 0.02 | 0.26 | 0.48 | 0.24 | 0.60 | 1.56 | |||
| FHNFX | 0.23 | 0.02 | 0.28 | 0.83 | 0.21 | 0.55 | 1.23 | |||
| GSOIX | 0.24 | 0.02 | 0.28 | 0.45 | 0.22 | 0.62 | 1.42 |