Amg Managers Correlations

Mutual Funds . USA . 
Fund . Amg Managers Loomis
MGFIX Fund  USD 21.81  0.03  0.14%   
The current 90-days correlation between Amg Managers Loomis and Pear Tree Polaris is 0.3 (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

Modest diversification

The correlation between Amg Managers Loomis and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Loomis 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 Loomis. 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

  0.78GWMTX Amg Gwk MunicipalPairCorr
  0.62GWMNX Amg Gwk MunicipalPairCorr
  0.63ARDEX Amg River RoadPairCorr
  0.77MRASX Amg Managers CentersquarePairCorr
  0.76MRESX Amg Managers CentersquarePairCorr
  1.0ADBLX Amg Managers DoublelinePairCorr
  1.0ADLIX Amg Managers DoublelinePairCorr
  1.0MBDFX Amg Gwk EPairCorr
  1.0MBDLX Amg Gwk EPairCorr

Moving against Amg Mutual Fund

  0.71SSSFX Amg Southernsun SmallPairCorr
  0.7SSSIX Amg Southernsun SmallPairCorr
  0.64GWGIX Amg Gwk SmallmidPairCorr
  0.64GWGZX Amg Gwk SmallmidPairCorr
  0.62SSEIX Amg Southernsun EquityPairCorr
  0.62SSEFX Amg Southernsun EquityPairCorr
  0.61ARSIX Amg River RoadPairCorr
  0.61ARSVX Amg River RoadPairCorr
  0.54ARSMX Amg River RoadPairCorr
  0.53GWEIX Amg Gwk SmallPairCorr
  0.53GWETX Amg Gwk SmallPairCorr
  0.53GWEZX Amg Gwk SmallPairCorr
  0.53ARIMX Amg River RoadPairCorr
  0.53ARSZX Amg River RoadPairCorr
  0.49GWGVX Amg Gwk SmallmidPairCorr
  0.41BRWIX Amg Managers BrandywinePairCorr
  0.36ARZMX Amg River RoadPairCorr
  0.66SKSEX Amg Managers SkylinePairCorr
  0.66SKSZX Amg Managers SkylinePairCorr
  0.65ACWDX Astoncrosswind Small CapPairCorr
  0.65MSSVX Amg Frontier SmallPairCorr
  0.64ACWZX Aamg Funds IvPairCorr
  0.64MSSCX Amg Frontier SmallPairCorr
  0.64MSSYX Amg Frontier SmallPairCorr
  0.55MRLIX Amg Renaissance LargePairCorr
  0.55MRLSX Amg Renaissance LargePairCorr

Related Correlations Analysis

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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.

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