Amg Yacktman Correlations

YACKX Fund

USD 22.86 0.18 0.78%

The current 90-days correlation between Amg Yacktman and John Hancock Financial is 0.59 (i.e., Very weak diversification). The correlation of Amg Yacktman 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 Yacktman Correlation With Market

Very weak diversification

The correlation between Amg Yacktman Fund and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Yacktman Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Amg Yacktman Fund. 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 industry.

Moving together with Amg Mutual Fund

0.82	SSSFX	Amg Southernsun Small	Pair Corr
0.86	BRWIX	Amg Managers Brandywine	Pair Corr
0.84	ARDEX	Amg River Road	Pair Corr
0.88	ARSMX	Amg River Road	Pair Corr
0.85	ARSVX	Amg River Road	Pair Corr
0.89	MRESX	Amg Managers Centersquare	Pair Corr
0.79	ACWDX	Astoncrosswind Small Cap	Pair Corr
0.79	ACWIX	Amg Managers Lmcg	Pair Corr
0.99	YAFFX	Amg Yacktman Focused	Pair Corr
0.85	SKSEX	Amg Managers Skyline	Pair Corr
0.7	MGFIX	Amg Managers Loomis	Pair Corr
0.81	VVIAX	Vanguard Value Index	Pair Corr
0.67	DOXGX	Dodge Cox Stock	Pair Corr
0.95	AFMFX	American Mutual	Pair Corr
0.95	FFMMX	American Funds American	Pair Corr
0.95	FFFMX	American Funds American	Pair Corr
0.95	AMRMX	American Mutual	Pair Corr
0.95	AMFFX	American Mutual	Pair Corr
0.95	AMFCX	American Mutual	Pair Corr
0.95	DODGX	Dodge Stock Fund	Pair Corr
0.82	VIVAX	Vanguard Value Index	Pair Corr
0.92	BRUFX	Bruce Fund Bruce	Pair Corr

Moving against Amg Mutual Fund

0.78	NOM	Nuveen Missouri Quality	Pair Corr
0.71	RYIFX	Guggenheim Managed	Pair Corr

Related Correlations Analysis

	BTO	DVFYX	PSSRX	VFAIX	FAFSX	MSVIX	FTIXX	PGFMX
BTO		0.84	0.86	0.79	0.94	0.77	0.0	0.74	BTO
DVFYX	0.84		0.75	0.88	0.85	0.53	0.0	0.91	DVFYX
PSSRX	0.86	0.75		0.56	0.96	0.91	0.0	0.73	PSSRX
VFAIX	0.79	0.88	0.56		0.76	0.3	0.0	0.74	VFAIX
FAFSX	0.94	0.85	0.96	0.76		0.83	0.0	0.79	FAFSX
MSVIX	0.77	0.53	0.91	0.3	0.83		0.0	0.52	MSVIX
FTIXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FTIXX
PGFMX	0.74	0.91	0.73	0.74	0.79	0.52	0.0		PGFMX
	BTO	DVFYX	PSSRX	VFAIX	FAFSX	MSVIX	FTIXX	PGFMX

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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

FAFSX	+ 0.96	PSSRX
FAFSX	+ 0.94	BTO
PGFMX	+ 0.91	DVFYX
MSVIX	+ 0.91	PSSRX
VFAIX	+ 0.88	DVFYX
PSSRX	+ 0.86	BTO

High negative correlations

PGFMX	- 0.0	FTIXX
FTIXX	- 0.0	MSVIX
FTIXX	- 0.0	FAFSX
FTIXX	- 0.0	VFAIX
FTIXX	- 0.0	PSSRX
FTIXX	- 0.0	DVFYX

Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Yacktman 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 Yacktman'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BTO	0.96	(0.07)	0.00	(0.08)	0.00	0.00	2.31	(1.94)	6.94
DVFYX	0.73	0.00	0.01	(0.11)	1.08	(0.72)	1.26	(1.38)	4.48
PSSRX	0.79	(0.09)	0.00	(0.12)	0.00	0.00	1.22	(1.91)	6.74
VFAIX	0.66	0.02	0.02	0.02	0.98	(0.67)	1.27	(1.53)	4.70
FAFSX	0.70	(0.05)	0.00	(0.07)	0.00	0.00	1.21	(1.69)	4.80
MSVIX	0.84	(0.16)	0.00	(0.21)	0.00	0.00	1.40	(1.53)	12.59
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PGFMX	0.34	0.02	0.04	(0.34)	0.46	(0.38)	0.78	(0.56)	2.76

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