Amg Yacktman Correlations

Mutual Funds . USA . 
Fund . Amg Yacktman Focused
YAFIX Fund  USD 18.61  0.09  0.49%   
The current 90-days correlation between Amg Yacktman Focused and First Eagle Global is 0.21 (i.e., Modest 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

Average diversification

The correlation between Amg Yacktman Focused and DJI is 0.19 (i.e., Average 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 gross domestic product.

Moving together with Amg Mutual Fund

  0.91SSEIX Amg Southernsun EquityPairCorr
  0.91SSEFX Amg Southernsun EquityPairCorr
  0.66FQUAX Amg Fq LongPairCorr
  0.91SSSFX Amg Southernsun SmallPairCorr
  0.91SSSIX Amg Southernsun SmallPairCorr
  0.91BRWIX Amg Managers BrandywinePairCorr
  0.63GWMNX Amg Gwk MunicipalPairCorr
  0.86CHTTX Amg Managers FairpointePairCorr
  0.99ARDEX Amg River RoadPairCorr
  0.69ARIMX Amg River RoadPairCorr
  0.99ARIDX Amg River RoadPairCorr
  0.92ARRFX Amg River RoadPairCorr
  0.63ARSMX Amg River RoadPairCorr
  0.92ARRZX Amg River RoadPairCorr
  0.69ARSZX Amg River RoadPairCorr
  0.99ARZDX Amg River RoadPairCorr
  0.85ABIZX Amg Managers FairpointePairCorr
  0.9MRASX Amg Managers CentersquarePairCorr
  0.86MRESX Amg Managers CentersquarePairCorr
  0.78MRLIX Amg Renaissance LargePairCorr
  0.78MRLSX Amg Renaissance LargePairCorr
  0.79MRLTX Amg Renaissance LargePairCorr
  0.82TMDIX Amg Timessquare MidPairCorr

Related Correlations Analysis

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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.

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