Amg Managers Correlations

Mutual Funds . USA . 
Fund . Amg Managers Skyline
SKSEX Fund  USD 28.14  0.19  0.67%   
The current 90-days correlation between Amg Managers Skyline and American Beacon Bridgeway is 0.25 (i.e., Modest 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

Poor diversification

The correlation between Amg Managers Skyline and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Skyline and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Amg Managers Skyline. 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 income.

Moving together with Amg Mutual Fund

  0.93SSEIX Amg Southernsun EquityPairCorr
  0.93SSEFX Amg Southernsun EquityPairCorr
  0.92SSSFX Amg Southernsun SmallPairCorr
  0.93SSSIX Amg Southernsun SmallPairCorr
  0.88BRWIX Amg Managers BrandywinePairCorr
  0.95GWEIX Amg Gwk SmallPairCorr
  0.95GWETX Amg Gwk SmallPairCorr
  0.95GWEZX Amg Gwk SmallPairCorr
  0.94GWGIX Amg Gwk SmallmidPairCorr
  0.61GWGVX Amg Gwk SmallmidPairCorr
  0.94GWGZX Amg Gwk SmallmidPairCorr
  0.93ARIMX Amg River RoadPairCorr
  0.92ARSMX Amg River RoadPairCorr
  0.95ARSIX Amg River RoadPairCorr
  0.93ARSZX Amg River RoadPairCorr
  0.95ARSVX Amg River RoadPairCorr
  0.63ARZMX Amg River RoadPairCorr
  0.79ABIZX Amg Managers FairpointePairCorr
  0.79ABMIX Amg Managers FairpointePairCorr
  0.97MRLIX Amg Renaissance LargePairCorr
  0.97MRLSX Amg Renaissance LargePairCorr
  0.97MRLTX Amg Renaissance LargePairCorr
  0.93ACWDX Astoncrosswind Small CapPairCorr
  0.85TMDIX Amg Timessquare MidPairCorr
  0.94ACWZX Aamg Funds IvPairCorr

Moving against Amg Mutual Fund

  0.67MMCFX Amg Managers EmergingPairCorr

Related Correlations Analysis

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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   
JVLAX
+ 0.96
BWLIX
FMIHX
+ 0.65
JVLAX
BCSIX
+ 0.56
JVLAX
FMIHX
+ 0.49
BWLIX
BCSIX
+ 0.43
BWLIX
BCSIX
+ 0.33
FMIHX
  
High negative correlations   
BCSIX
- 0.84
BCOSX
BCOSX
- 0.19
JVLAX
BCOSX
- 0.1
BWLIX

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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