Amg Gwk Correlations

GWGIX Fund

USD 17.72 0.08 0.45%

The current 90-days correlation between Amg Gwk Smallmid and Fidelity Government Money is -0.01 (i.e., Good diversification). 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

Good diversification

The correlation between Amg Gwk Smallmid and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Gwk Smallmid 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 Smallmid. 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

0.74	VIMAX	Vanguard Mid Cap	Pair Corr
0.91	VIMSX	Vanguard Mid Cap	Pair Corr
0.91	VMCPX	Vanguard Mid Cap	Pair Corr
0.74	VMCIX	Vanguard Mid Cap	Pair Corr
0.78	VEXAX	Vanguard Extended Market	Pair Corr
0.98	VEMPX	Vanguard Extended Market	Pair Corr
0.78	VIEIX	Vanguard Extended Market	Pair Corr
0.78	VSEMX	Vanguard Extended Market	Pair Corr
0.98	VEXMX	Vanguard Extended Market	Pair Corr
0.98	FSMAX	Fidelity Extended Market	Pair Corr
0.66	CAT	Caterpillar	Pair Corr

Moving against Amg Mutual Fund

0.99	UIPIX	Ultrashort Mid Cap	Pair Corr
0.9	USPSX	Profunds Ultrashort	Pair Corr
0.67	USPIX	Profunds Ultrashort	Pair Corr
0.54	FTCAX	Templeton Strained Bond	Pair Corr
0.36	PDI	Pimco Dynamic Income	Pair Corr
0.68	VZ	Verizon Communications	Pair Corr
0.6	MCD	McDonalds	Pair Corr
0.6	TRV	The Travelers Companies	Pair Corr
0.56	KO	Coca Cola	Pair Corr
0.54	PG	Procter Gamble	Pair Corr
0.51	JNJ	Johnson Johnson	Pair Corr
0.47	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SPAXX	SBFAX	IVMXX	SWGXX	JHMXX	DVFYX	FNPIX	SMAAX
SPAXX		0.32	0.0	0.46	0.0	0.51	0.35	0.77	SPAXX
SBFAX	0.32		0.0	0.21	0.0	0.94	0.99	0.46	SBFAX
IVMXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IVMXX
SWGXX	0.46	0.21	0.0		0.0	0.42	0.21	0.32	SWGXX
JHMXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	JHMXX
DVFYX	0.51	0.94	0.0	0.42	0.0		0.95	0.55	DVFYX
FNPIX	0.35	0.99	0.0	0.21	0.0	0.95		0.45	FNPIX
SMAAX	0.77	0.46	0.0	0.32	0.0	0.55	0.45		SMAAX
	SPAXX	SBFAX	IVMXX	SWGXX	JHMXX	DVFYX	FNPIX	SMAAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FNPIX	+ 0.99	SBFAX
FNPIX	+ 0.95	DVFYX
DVFYX	+ 0.94	SBFAX
SMAAX	+ 0.77	SPAXX
SMAAX	+ 0.55	DVFYX
DVFYX	+ 0.51	SPAXX

High negative correlations

SMAAX	- 0.0	JHMXX
FNPIX	- 0.0	JHMXX
DVFYX	- 0.0	JHMXX
JHMXX	- 0.0	SWGXX
SMAAX	- 0.0	IVMXX
FNPIX	- 0.0	IVMXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SPAXX	0.03	0.01	0.00	0.62	0.00	0.00	0.00	0.00	1.01
SBFAX	0.76	0.01	0.00	(0.06)	0.00	0.00	1.65	(1.92)	5.22
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWGXX	0.03	0.00	0.00	(0.29)	0.00	0.00	0.00	0.00	1.01
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.83	0.07	0.06	0.01	1.31	(0.78)	1.65	(2.39)	6.47
FNPIX	1.23	0.06	0.00	(0.02)	0.00	0.00	2.08	(3.48)	9.08
SMAAX	0.13	(0.01)	0.00	(0.61)	0.00	0.00	0.20	(0.39)	0.90

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC