Amg Southernsun Correlations

Mutual Funds . USA . 
Fund . Amg Southernsun Equity
SSEFX Fund  USD 12.92  0.14  1.10%   
The current 90-days correlation between Amg Southernsun Equity and Amg Southernsun Small is 0.07 (i.e., Significant diversification). The correlation of Amg Southernsun 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 Southernsun Correlation With Market

Good diversification

The correlation between Amg Southernsun Equity and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Southernsun Equity 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 Southernsun Equity. 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 census.

Moving together with Amg Mutual Fund

  1.0SSEIX Amg Southernsun EquityPairCorr
  0.78FQUAX Amg Fq LongPairCorr
  0.62SSSFX Amg Southernsun SmallPairCorr
  0.9SSSIX Amg Southernsun SmallPairCorr
  0.65BRWIX Amg Managers BrandywinePairCorr
  0.77GWEIX Amg Gwk SmallPairCorr
  0.9GWETX Amg Gwk SmallPairCorr
  0.89GWEZX Amg Gwk SmallPairCorr
  0.71GWGIX Amg Gwk SmallmidPairCorr
  0.62GWGVX Amg Gwk SmallmidPairCorr
  0.71GWGZX Amg Gwk SmallmidPairCorr
  0.64GWMTX Amg Gwk MunicipalPairCorr
  0.78GWMZX Amg Gwk MunicipalPairCorr
  0.84GWMEX Amg Gwk MunicipalPairCorr
  0.68GWMIX Amg Gwk MunicipalPairCorr
  0.85GWMNX Amg Gwk MunicipalPairCorr
  0.94CHTTX Amg Managers FairpointePairCorr
  0.82ARIMX Amg River RoadPairCorr
  0.92ARIDX Amg River RoadPairCorr
  0.8ARRFX Amg River RoadPairCorr
  0.94ARSIX Amg River RoadPairCorr
  0.8ARRZX Amg River RoadPairCorr
  0.95ARSZX Amg River RoadPairCorr
  0.81ARZMX Amg River RoadPairCorr
  0.77ARZDX Amg River RoadPairCorr
  0.82ABIZX Amg Managers FairpointePairCorr
  0.82ABMIX Amg Managers FairpointePairCorr
  0.83MRLIX Amg Renaissance LargePairCorr
  0.83MRLSX Amg Renaissance LargePairCorr
  0.83MRLTX Amg Renaissance LargePairCorr
  0.74TMDIX Amg Timessquare MidPairCorr
  0.83ACWZX Aamg Funds IvPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Southernsun 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 Southernsun'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.

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