Amg Gwk Correlations

GWGZX Fund

USD 17.76 0.07 0.39%

The current 90-days correlation between Amg Gwk Smallmid and Amg Managers Doubleline is 0.19 (i.e., Average 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

Poor diversification

The correlation between Amg Gwk Smallmid and DJI is 0.74 (i.e., Poor 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 nation.

Moving together with Amg Mutual Fund

0.89	BRWIX	Amg Managers Brandywine	Pair Corr
0.98	GWEIX	Amg Gwk Small	Pair Corr
0.86	ARSMX	Amg River Road	Pair Corr
0.92	ARSIX	Amg River Road	Pair Corr
0.92	ARSVX	Amg River Road	Pair Corr
0.97	MSSCX	Amg Frontier Small	Pair Corr
0.97	MSSVX	Amg Frontier Small	Pair Corr
0.97	MSSYX	Amg Frontier Small	Pair Corr
0.81	MCGFX	Aston Montag Caldwell	Pair Corr
0.9	VIMAX	Vanguard Mid Cap	Pair Corr
0.78	VIMSX	Vanguard Mid Cap	Pair Corr
0.78	VMCPX	Vanguard Mid Cap	Pair Corr
0.9	VMCIX	Vanguard Mid Cap	Pair Corr
0.98	VEXAX	Vanguard Extended Market	Pair Corr
0.81	VEMPX	Vanguard Extended Market	Pair Corr
0.98	VIEIX	Vanguard Extended Market	Pair Corr
0.98	VSEMX	Vanguard Extended Market	Pair Corr
0.81	VEXMX	Vanguard Extended Market	Pair Corr
0.81	FSMAX	Fidelity Extended Market	Pair Corr
0.93	VSTSX	Vanguard Total Stock	Pair Corr
0.93	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VITSX	Vanguard Total Stock	Pair Corr
0.9	VFFSX	Vanguard 500 Index	Pair Corr
0.91	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VINIX	Vanguard Institutional	Pair Corr

Moving against Amg Mutual Fund

0.65	ADLIX	Amg Managers Doubleline	Pair Corr
0.64	MBDFX	Amg Gwk E	Pair Corr
0.64	MBDLX	Amg Gwk E	Pair Corr
0.62	MBGVX	Amg Gwk E	Pair Corr
0.6	MGFIX	Amg Managers Loomis	Pair Corr
0.69	USGDX	Morgan Stanley Government	Pair Corr
0.62	ABNOX	Ab Bond Inflation	Pair Corr
0.52	HRBDX	Harbor Bond Fund	Pair Corr
0.5	VTSNX	Vanguard Total Inter	Pair Corr
0.5	VTPSX	Vanguard Total Inter	Pair Corr
0.49	VICSX	Vanguard Intermediate-ter	Pair Corr
0.43	VTISX	Vanguard Total Inter	Pair Corr
0.43	GIOIX	Guggenheim Macro Opp	Pair Corr
0.4	SGDLX	Sprott Gold Equity	Pair Corr
0.4	UTF	Cohen And Steers	Pair Corr
0.39	DLDFX	Destinations Low Duration	Pair Corr
0.38	HTD	John Hancock Tax	Pair Corr

Related Correlations Analysis

	ADLIX	MSSCX	MSSVX	MSSYX	MFQAX	MFQTX	MBDFX	MBDLX	MBGVX
ADLIX		-0.66	-0.66	-0.66	0.38	0.39	1.0	1.0	1.0	ADLIX
MSSCX	-0.66		1.0	1.0	0.19	0.18	-0.65	-0.65	-0.63	MSSCX
MSSVX	-0.66	1.0		1.0	0.19	0.18	-0.65	-0.65	-0.63	MSSVX
MSSYX	-0.66	1.0	1.0		0.18	0.18	-0.65	-0.65	-0.63	MSSYX
MFQAX	0.38	0.19	0.19	0.18		1.0	0.38	0.39	0.41	MFQAX
MFQTX	0.39	0.18	0.18	0.18	1.0		0.39	0.39	0.41	MFQTX
MBDFX	1.0	-0.65	-0.65	-0.65	0.38	0.39		1.0	1.0	MBDFX
MBDLX	1.0	-0.65	-0.65	-0.65	0.39	0.39	1.0		1.0	MBDLX
MBGVX	1.0	-0.63	-0.63	-0.63	0.41	0.41	1.0	1.0		MBGVX
	ADLIX	MSSCX	MSSVX	MSSYX	MFQAX	MFQTX	MBDFX	MBDLX	MBGVX

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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

MBDFX	+ 1.0	ADLIX
MBDLX	+ 1.0	ADLIX
MBGVX	+ 1.0	ADLIX
MSSVX	+ 1.0	MSSCX
MSSYX	+ 1.0	MSSCX
MSSYX	+ 1.0	MSSVX

High negative correlations

MSSYX	- 0.66	ADLIX
MSSVX	- 0.66	ADLIX
MSSCX	- 0.66	ADLIX
MBDLX	- 0.65	MSSYX
MBDFX	- 0.65	MSSYX
MBDLX	- 0.65	MSSVX

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
ADLIX	0.25	0.02	0.26	0.63	0.24	(0.26)	0.57	(0.46)	1.40
MSSCX	1.34	(0.23)	0.00	(0.26)	0.00	0.00	2.07	(3.73)	6.77
MSSVX	1.35	(0.24)	0.00	(0.26)	0.00	0.00	2.15	(4.18)	6.86
MSSYX	1.33	(0.23)	0.00	(0.26)	0.00	0.00	2.05	(3.80)	6.87
MFQAX	0.69	(0.07)	0.00	(0.17)	0.00	0.00	1.21	(1.47)	8.02
MFQTX	0.69	(0.07)	0.00	(0.17)	0.00	0.00	1.21	(1.41)	8.08
MBDFX	0.25	0.02	0.26	0.42	0.23	(0.31)	0.56	(0.46)	1.60
MBDLX	0.24	0.02	0.26	0.37	0.22	(0.29)	0.56	(0.45)	1.49
MBGVX	0.25	0.02	0.25	0.32	0.23	(0.28)	0.56	(0.45)	1.37

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