Amg Managers Correlations

MRESX Fund

USD 11.48 0.13 1.12%

The current 90-days correlation between Amg Managers Centersquare and Invesco Real Estate is 0.97 (i.e., Almost no 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

Very good diversification

The correlation between Amg Managers Centersquare and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Centersquare 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 Centersquare. 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 state.

Moving together with Amg Mutual Fund

0.7	O	Realty Income	Pair Corr
0.7	DX	Dynex Capital	Pair Corr
0.82	FR	First Industrial Realty	Pair Corr
0.69	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.63	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.65	VICI	VICI Properties	Pair Corr
0.69	MITT-PA	AG Mortgage Investment	Pair Corr
0.8	MITT-PB	AG Mortgage Investment	Pair Corr
0.71	MITT-PC	AG Mortgage Investment	Pair Corr
0.64	ELME	Elme Communities	Pair Corr
0.76	WELL	Welltower	Pair Corr
0.62	CDR-PB	Cedar Realty Trust	Pair Corr

Moving against Amg Mutual Fund

0.55	PW	Power REIT Earnings Call Tomorrow	Pair Corr
0.45	PK	Park Hotels Resorts	Pair Corr
0.32	LB	LandBridge Company	Pair Corr
0.62	WHLR	Wheeler Real Estate	Pair Corr
0.56	WETH	Wetouch Technology Common	Pair Corr
0.44	EXPI	eXp World Holdings	Pair Corr
0.42	ESRT	Empire State Realty	Pair Corr

Related Correlations Analysis

	REINX	SRPIX	REPIX	JYEBX	BREUX	BREIX	GURPX	SAREX	DREYX
REINX		-0.99	0.99	0.74	0.22	0.22	0.98	0.99	0.96	REINX
SRPIX	-0.99		-1.0	-0.73	-0.26	-0.26	-0.96	-0.99	-0.94	SRPIX
REPIX	0.99	-1.0		0.74	0.26	0.26	0.97	0.99	0.95	REPIX
JYEBX	0.74	-0.73	0.74		0.77	0.77	0.8	0.7	0.85	JYEBX
BREUX	0.22	-0.26	0.26	0.77		1.0	0.3	0.19	0.39	BREUX
BREIX	0.22	-0.26	0.26	0.77	1.0		0.3	0.18	0.39	BREIX
GURPX	0.98	-0.96	0.97	0.8	0.3	0.3		0.97	0.97	GURPX
SAREX	0.99	-0.99	0.99	0.7	0.19	0.18	0.97		0.95	SAREX
DREYX	0.96	-0.94	0.95	0.85	0.39	0.39	0.97	0.95		DREYX
	REINX	SRPIX	REPIX	JYEBX	BREUX	BREIX	GURPX	SAREX	DREYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BREIX	+ 1.0	BREUX
REPIX	+ 0.99	REINX
SAREX	+ 0.99	REINX
SAREX	+ 0.99	REPIX
GURPX	+ 0.98	REINX
GURPX	+ 0.97	REPIX

High negative correlations

REPIX	- 1.0	SRPIX
SAREX	- 0.99	SRPIX
SRPIX	- 0.99	REINX
GURPX	- 0.96	SRPIX
DREYX	- 0.94	SRPIX
JYEBX	- 0.73	SRPIX

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
REINX	0.88	0.00	0.01	(0.01)	1.07	(0.96)	1.54	(1.76)	4.62
SRPIX	0.89	(0.02)	0.00	(0.05)	0.00	0.00	1.79	(1.64)	4.74
REPIX	1.34	0.02	0.01	(0.04)	1.72	(1.33)	2.46	(2.65)	7.54
JYEBX	0.84	(0.06)	0.00	0.20	0.00	0.00	1.61	(1.61)	4.79
BREUX	0.98	(0.09)	0.00	0.32	0.00	0.00	1.66	(2.55)	4.70
BREIX	0.98	(0.09)	0.00	0.32	0.00	0.00	1.69	(2.52)	4.70
GURPX	0.79	(0.02)	0.00	0.05	0.00	0.00	1.51	(1.63)	3.86
SAREX	0.87	0.02	0.02	(0.10)	1.06	(0.93)	1.59	(1.83)	4.54
DREYX	0.96	(0.05)	0.00	0.17	0.00	0.00	1.60	(2.03)	3.94

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC