Amg Southernsun Correlations

Mutual Funds . USA . 
Fund . Amg Southernsun Small
SSSFX Fund  USD 22.14  0.55  2.55%   
The current 90-days correlation between Amg Southernsun Small and Hodges Small Cap is 0.7 (i.e., Poor 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

Weak diversification

The correlation between Amg Southernsun Small and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Southernsun Small 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 Small. 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

  0.91SSEIX Amg Southernsun EquityPairCorr
  0.91SSEFX Amg Southernsun EquityPairCorr
  1.0SSSIX Amg Southernsun SmallPairCorr
  0.79BRWIX Amg Managers BrandywinePairCorr
  0.83GWEIX Amg Gwk SmallPairCorr
  0.84GWETX Amg Gwk SmallPairCorr
  0.83GWEZX Amg Gwk SmallPairCorr
  0.85GWGIX Amg Gwk SmallmidPairCorr
  0.85GWGVX Amg Gwk SmallmidPairCorr
  0.85GWGZX Amg Gwk SmallmidPairCorr
  0.66CHTTX Amg Managers FairpointePairCorr
  0.82ARIMX Amg River RoadPairCorr
  0.87ARSMX Amg River RoadPairCorr
  0.82ARSIX Amg River RoadPairCorr
  0.82ARSZX Amg River RoadPairCorr
  0.89ARSVX Amg River RoadPairCorr
  0.82ARZMX Amg River RoadPairCorr
  0.65ABIZX Amg Managers FairpointePairCorr
  0.65ABMIX Amg Managers FairpointePairCorr
  0.81MRLIX Amg Renaissance LargePairCorr
  0.81MRLSX Amg Renaissance LargePairCorr
  0.82MRLTX Amg Renaissance LargePairCorr
  0.85ACWDX Astoncrosswind Small CapPairCorr
  0.69TMDIX Amg Timessquare MidPairCorr
  0.85ACWZX 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   
WSCVX
+ 0.95
HDPSX
MXXVX
+ 0.95
HDPSX
MXXVX
+ 0.94
WSCVX
YAFFX
+ 0.32
WSCVX
YAFFX
+ 0.3
MXXVX
YAFFX
+ 0.2
HDPSX
  
High negative correlations   
ICMAX
- 0.0
YAFFX
ICMAX
- 0.0
MXXVX
ICMAX
- 0.0
WSCVX
ICMAX
- 0.0
HDPSX

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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