Amg Gwk Correlations

Mutual Funds . USA . 
Fund . Amg Gwk Smallmid
GWGVX Fund  USD 17.63  0.08  0.45%   
The current 90-days correlation between Amg Gwk Smallmid and Ab Bond Inflation is -0.04 (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 -0.07 (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 real.

Moving together with Amg Mutual Fund

  0.63BRWIX Amg Managers BrandywinePairCorr
  0.74GWEIX Amg Gwk SmallPairCorr
  0.79GWGZX Amg Gwk SmallmidPairCorr
  0.65ARSIX Amg River RoadPairCorr
  0.64ARSVX Amg River RoadPairCorr
  0.76MSSCX Amg Frontier SmallPairCorr
  0.76MSSVX Amg Frontier SmallPairCorr
  0.76MSSYX Amg Frontier SmallPairCorr
  0.74VIMAX Vanguard Mid CapPairCorr
  0.74VIMSX Vanguard Mid CapPairCorr
  0.74VMCPX Vanguard Mid CapPairCorr
  0.74VMCIX Vanguard Mid CapPairCorr
  0.76VEXAX Vanguard Extended MarketPairCorr
  0.76VEMPX Vanguard Extended MarketPairCorr
  0.76VIEIX Vanguard Extended MarketPairCorr
  0.76VSEMX Vanguard Extended MarketPairCorr
  0.76VEXMX Vanguard Extended MarketPairCorr
  0.77FSMAX Fidelity Extended MarketPairCorr
  0.73VSTSX Vanguard Total StockPairCorr
  0.73VSMPX Vanguard Total StockPairCorr
  0.73VITSX Vanguard Total StockPairCorr
  0.71VFFSX Vanguard 500 IndexPairCorr
  0.71VFIAX Vanguard 500 IndexPairCorr
  0.65VINIX Vanguard InstitutionalPairCorr

Moving against Amg Mutual Fund

  0.6ADLIX Amg Managers DoublelinePairCorr
  0.6MBDLX Amg Gwk EPairCorr
  0.59MBDFX Amg Gwk EPairCorr
  0.58MBGVX Amg Gwk EPairCorr
  0.56MGFIX Amg Managers LoomisPairCorr
  0.69USGDX Morgan Stanley GovernmentPairCorr
  0.58HRBDX Harbor Bond FundPairCorr
  0.56VICSX Vanguard Intermediate-terPairCorr
  0.46ABNOX Ab Bond InflationPairCorr
  0.39VTISX Vanguard Total InterPairCorr
  0.39VTSNX Vanguard Total InterPairCorr
  0.39VTPSX Vanguard Total InterPairCorr
  0.34GIOIX Guggenheim Macro OppPairCorr
  0.32TIMUX Transamerica IntermediatePairCorr

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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