Amg Managers Correlations

MCGIX Fund

USD 12.10 0.03 0.25%

The current 90-days correlation between Amg Managers Montag and Cohen Steers Real is 0.34 (i.e., Weak diversification). The correlation of Amg Managers 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 Managers Correlation With Market

Good diversification

The correlation between Amg Managers Montag and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Montag and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Amg Managers Montag. 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

0.89	SSSFX	Amg Southernsun Small	Pair Corr
0.71	GWGIX	Amg Gwk Smallmid	Pair Corr
0.71	GWGVX	Amg Gwk Smallmid	Pair Corr
0.81	ARSMX	Amg River Road	Pair Corr
0.82	ARSIX	Amg River Road	Pair Corr
0.82	ARSVX	Amg River Road	Pair Corr
0.63	MRLSX	Amg Renaissance Large	Pair Corr
0.69	TMDIX	Amg Timessquare Mid	Pair Corr
0.74	ACWIX	Amg Managers Lmcg	Pair Corr
0.93	MSSYX	Amg Frontier Small	Pair Corr

Moving against Amg Mutual Fund

0.38	MMCFX	Amg Managers Emerging	Pair Corr
0.55	MBDLX	Amg Gwk E	Pair Corr
0.54	ADBLX	Amg Managers Doubleline	Pair Corr
0.54	MBDFX	Amg Gwk E	Pair Corr
0.4	MECIX	Amg Managers Cadence	Pair Corr
0.4	MECZX	Amg Managers Cadence	Pair Corr

Related Correlations Analysis

	CREFX	REPIX	CREMX	DFREX	PAREX	SEIRX
CREFX		0.98	0.73	0.99	0.98	0.97	CREFX
REPIX	0.98		0.62	0.99	0.99	0.99	REPIX
CREMX	0.73	0.62		0.64	0.68	0.55	CREMX
DFREX	0.99	0.99	0.64		0.99	0.99	DFREX
PAREX	0.98	0.99	0.68	0.99		0.98	PAREX
SEIRX	0.97	0.99	0.55	0.99	0.98		SEIRX
	CREFX	REPIX	CREMX	DFREX	PAREX	SEIRX

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Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Managers 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 Managers' 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
CREFX	0.84	0.04	0.09	(1.50)	1.05	(0.85)	1.59	(1.65)	4.82
REPIX	1.27	0.04	0.06	(1.87)	1.68	(1.26)	2.46	(2.65)	7.54
CREMX	0.02	0.02	0.00	(5.32)	0.00	0.00	0.08	0.00	0.08
DFREX	0.84	0.02	0.07	(0.82)	1.05	(0.85)	1.58	(1.83)	4.48
PAREX	0.86	0.02	0.08	(1.55)	1.10	(0.85)	1.65	(1.80)	4.47
SEIRX	0.85	0.00	0.07	(0.50)	1.07	(0.88)	1.62	(1.72)	4.42

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