Amg Timessquare Correlations

TMDPX Fund  USD 18.20  0.21  1.14%   
The current 90-days correlation between Amg Timessquare Mid and Delaware Value Fund is 0.23 (i.e., Modest diversification). The correlation of Amg Timessquare 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 Timessquare Correlation With Market

Very poor diversification

The correlation between Amg Timessquare Mid and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Timessquare Mid 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 Timessquare Mid. 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 american community survey.

Moving together with Amg Mutual Fund

  0.95GWEIX Amg Gwk SmallPairCorr
  0.95GWETX Amg Gwk SmallPairCorr
  0.97GWGZX Amg Gwk SmallmidPairCorr
  0.96ARDEX Amg River RoadPairCorr
  0.94ARSMX Amg River RoadPairCorr
  0.91ARSVX Amg River RoadPairCorr
  0.96ABIZX Amg Managers FairpointePairCorr
  1.0TMDIX Amg Timessquare MidPairCorr
  0.85MCGIX Amg Managers MontagPairCorr
  0.93MCGFX Aston Montag CaldwellPairCorr
  0.93SKSEX Amg Managers SkylinePairCorr
  1.0TQMIX Amg Timessquare MidPairCorr
  0.98TSCIX Amg Timessquare SmallPairCorr
  0.99PAMCX T Rowe PricePairCorr
  0.99RRMGX T Rowe PricePairCorr
  0.94TRQZX T Rowe PricePairCorr
  0.99RPMGX T Rowe PricePairCorr
  0.94PRJIX T Rowe PricePairCorr
  0.97PRNHX T Rowe PricePairCorr
  0.97TRUZX T Rowe PricePairCorr
  0.99PCBIX Midcap Fund InstitutionalPairCorr
  0.99PEMGX Midcap Fund ClassPairCorr
  0.99PMBCX Midcap Fund ClassPairCorr
  0.89MLPNX Oppenheimer Steelpath MlpPairCorr
  0.89OSPPX Oppenheimer Steelpath MlpPairCorr
  0.89SPMPX Invesco Steelpath MlpPairCorr
  0.89MLPLX Oppenheimer Steelpath MlpPairCorr
  0.91LSHUX Horizon Spin OffPairCorr
  0.9LSHEX Kinetics Spin OffPairCorr
  0.89SPMJX Invesco Steelpath MlpPairCorr
  0.91LSHAX Horizon Spin OffPairCorr
  0.9LSHCX Horizon Spin OffPairCorr
  0.9WWNPX Kinetics ParadigmPairCorr

Moving against Amg Mutual Fund

  0.39YASSX Amg Yacktman SpecialPairCorr

Related Correlations Analysis

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   
RRTLXMSTSX
RRTLXDDVIX
RRTLXLBHIX
MSTSXDDVIX
LBHIXDDVIX
LBHIXMSTSX
  
High negative correlations   
VIASPSCAXF
SCAXFDDVIX
444859BR2DDVIX
MSTSX444859BR2
SCAXFLBHIX
VIASP444859BR2

Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Timessquare 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 Timessquare'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DDVIX  0.52  0.03 (0.16) 0.53  0.50 
 1.04 
 3.46 
444859BR2  1.38 (0.03) 0.00  0.35  0.00 
 5.93 
 16.62 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BRRAY  1.27 (0.16) 0.00  0.01  0.00 
 0.00 
 34.02 
MSTSX  0.49  0.04 (0.15)(1.53) 0.50 
 1.21 
 2.80 
LBHIX  0.10  0.01 (0.49) 0.65  0.00 
 0.24 
 0.71 
ABHYX  0.17  0.01 (0.25) 0.23  0.25 
 0.34 
 1.91 
SCAXF  0.70 (0.42) 0.00 (0.89) 0.00 
 0.00 
 23.47 
VIASP  0.75  0.10 (0.04)(1.68) 1.10 
 2.28 
 7.18 
RRTLX  0.23  0.01 (0.34) 0.51  0.24 
 0.48 
 1.36