Amg Gwk Correlations

Mutual Funds . USA . 
Fund . Amg Gwk Smallmid
GWGVX Fund  USD 19.33  0.04  0.21%   
The current 90-days correlation between Amg Gwk Smallmid and Amg Southernsun Equity is 0.75 (i.e., Poor 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

Very weak diversification

The correlation between Amg Gwk Smallmid and DJI is 0.53 (i.e., Very weak 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 real.

Moving together with Amg Mutual Fund

  0.84SSEIX Amg Southernsun EquityPairCorr
  0.84SSEFX Amg Southernsun EquityPairCorr
  0.94FQUAX Amg Fq LongPairCorr
  0.82SSSFX Amg Southernsun SmallPairCorr
  0.82SSSIX Amg Southernsun SmallPairCorr
  0.9BRWIX Amg Managers BrandywinePairCorr
  0.97GWEIX Amg Gwk SmallPairCorr
  0.97GWETX Amg Gwk SmallPairCorr
  0.97GWEZX Amg Gwk SmallPairCorr
  1.0GWGIX Amg Gwk SmallmidPairCorr
  1.0GWGZX Amg Gwk SmallmidPairCorr
  0.62GWMTX Amg Gwk MunicipalPairCorr
  0.7GWMZX Amg Gwk MunicipalPairCorr
  0.69GWMEX Amg Gwk MunicipalPairCorr
  0.62GWMIX Amg Gwk MunicipalPairCorr
  0.7GWMNX Amg Gwk MunicipalPairCorr
  0.86CHTTX Amg Managers FairpointePairCorr
  0.77ARDEX Amg River RoadPairCorr
  0.89ARIMX Amg River RoadPairCorr
  0.77ARIDX Amg River RoadPairCorr
  0.85ARRFX Amg River RoadPairCorr
  0.88ARSMX Amg River RoadPairCorr
  0.9ARSIX Amg River RoadPairCorr
  0.85ARRZX Amg River RoadPairCorr
  0.89ARSZX Amg River RoadPairCorr
  0.9ARSVX Amg River RoadPairCorr
  0.9ARZMX Amg River RoadPairCorr
  0.77ARZDX Amg River RoadPairCorr
  0.87ABIZX Amg Managers FairpointePairCorr
  0.87ABMIX Amg Managers FairpointePairCorr
  0.86MRASX Amg Managers CentersquarePairCorr
  0.86MRESX Amg Managers CentersquarePairCorr
  0.89MRLIX Amg Renaissance LargePairCorr
  0.89MRLSX Amg Renaissance LargePairCorr
  0.89MRLTX Amg Renaissance LargePairCorr
  0.99ACWDX Astoncrosswind Small CapPairCorr
  0.93TMDIX Amg Timessquare MidPairCorr
  0.99ACWZX Aamg Funds IvPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSEIX  0.88 (0.24) 0.00 (0.44) 0.00 
 0.00 
 1.47 
(1.25)
 16.34 
SSEFX  0.87 (0.24) 0.00 (0.45) 0.00 
 0.00 
 1.47 
(1.17)
 16.39 
FQUAX  0.55 (0.03) 0.00 (0.06) 0.00 
 0.00 
 0.96 
(0.84)
 5.25 
SSSFX  0.96 (0.29) 0.00 (0.51) 0.00 
 0.00 
 1.67 
(1.24)
 17.43 
SSSIX  0.95 (0.28) 0.00 (0.50) 0.00 
 0.00 
 1.68 
(1.19)
 17.00 
BRWIX  0.61 (0.04) 0.00 (0.09) 0.00 
 0.00 
 0.98 
(1.49)
 3.91 
MMCFX  1.14  0.10  0.07  0.55  1.22 
(1.36)
 2.41 
(2.24)
 9.61 
GWEIX  0.81 (0.08) 0.00 (0.10) 0.00 
 0.00 
 1.46 
(1.53)
 5.61 
GWETX  0.81 (0.09) 0.00 (0.10) 0.00 
 0.00 
 1.48 
(1.55)
 5.61 
GWEZX  0.81 (0.08) 0.00 (0.10) 0.00 
 0.00 
 1.49 
(1.53)
 5.60 

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