Amg Gwk Correlations

Mutual Funds . USA . 
Fund . Amg Gwk Small
GWETX Fund  USD 35.94  0.12  0.33%   
The current 90-days correlation between Amg Gwk Small and Amg Gwk Small is 1.0 (i.e., No risk reduction). The correlation of Amg Gwk 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 Gwk Correlation With Market

Very poor diversification

The correlation between Amg Gwk Small and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Gwk Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Amg Gwk Small. 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 estimate.

Moving together with Amg Mutual Fund

  0.79SSEIX Amg Southernsun EquityPairCorr
  0.79SSEFX Amg Southernsun EquityPairCorr
  0.96FQUAX Amg Fq LongPairCorr
  0.75SSSFX Amg Southernsun SmallPairCorr
  0.75SSSIX Amg Southernsun SmallPairCorr
  1.0GWEIX Amg Gwk SmallPairCorr
  1.0GWEZX Amg Gwk SmallPairCorr
  0.99GWGIX Amg Gwk SmallmidPairCorr
  0.99GWGVX Amg Gwk SmallmidPairCorr
  0.99GWGZX Amg Gwk SmallmidPairCorr
  0.96CHTTX Amg Managers FairpointePairCorr
  0.82ARDEX Amg River RoadPairCorr
  0.98ARIMX Amg River RoadPairCorr
  0.82ARIDX Amg River RoadPairCorr
  0.96ARRFX Amg River RoadPairCorr
  0.94ARSMX Amg River RoadPairCorr
  0.98ARSIX Amg River RoadPairCorr
  0.96ARRZX Amg River RoadPairCorr
  0.98ARSZX Amg River RoadPairCorr
  0.95ARSVX Amg River RoadPairCorr
  0.98ARZMX Amg River RoadPairCorr
  0.82ARZDX Amg River RoadPairCorr
  0.96ABIZX Amg Managers FairpointePairCorr
  0.96ABMIX Amg Managers FairpointePairCorr
  0.91MRLIX Amg Renaissance LargePairCorr
  0.92MRLSX Amg Renaissance LargePairCorr
  0.92MRLTX Amg Renaissance LargePairCorr
  0.99ACWDX Astoncrosswind Small CapPairCorr
  0.93TMDIX Amg Timessquare MidPairCorr
  0.99ACWZX Aamg Funds IvPairCorr

Moving against Amg Mutual Fund

  0.38GWMTX Amg Gwk MunicipalPairCorr
  0.37GWMIX Amg Gwk MunicipalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Gwk 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 Gwk'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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