Amg Yacktman Correlations

YAFFX Fund

USD 18.83 0.03 0.16%

The current 90-days correlation between Amg Yacktman Focused and Amg Yacktman Fund is 0.97 (i.e., Almost no 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

Poor diversification

The correlation between Amg Yacktman Focused and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Yacktman Focused 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 Focused. 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

0.73	FQUAX	Amg Fq Long	Pair Corr
0.63	BRWIX	Amg Managers Brandywine	Pair Corr
0.65	ABIZX	Amg Managers Fairpointe	Pair Corr
0.65	ABMIX	Amg Managers Fairpointe	Pair Corr
0.62	TMDPX	Amg Timessquare Mid	Pair Corr

Related Correlations Analysis

	YACKX	PRPFX	OAKIX	ICMAX	MAPIX
YACKX		0.62	0.3	0.0	0.26	YACKX
PRPFX	0.62		0.73	0.0	0.46	PRPFX
OAKIX	0.3	0.73		0.0	0.76	OAKIX
ICMAX	0.0	0.0	0.0		0.0	ICMAX
MAPIX	0.26	0.46	0.76	0.0		MAPIX
	YACKX	PRPFX	OAKIX	ICMAX	MAPIX

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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

MAPIX	+ 0.76	OAKIX
OAKIX	+ 0.73	PRPFX
PRPFX	+ 0.62	YACKX
MAPIX	+ 0.46	PRPFX
OAKIX	+ 0.3	YACKX
MAPIX	+ 0.26	YACKX

High negative correlations

MAPIX	- 0.0	ICMAX
ICMAX	- 0.0	OAKIX
ICMAX	- 0.0	PRPFX
ICMAX	- 0.0	YACKX

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
YACKX	0.53	0.00	0.00	(0.08)	0.00	0.00	0.93	(0.97)	2.30
PRPFX	0.52	0.06	0.14	0.10	0.64	(0.52)	1.16	(1.19)	2.92
OAKIX	0.87	0.15	0.17	0.21	0.97	(0.94)	2.23	(1.59)	5.06
ICMAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAPIX	0.63	0.04	0.10	0.02	0.72	(0.74)	1.28	(0.98)	3.83

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