Amg Managers Correlations

Mutual Funds . USA . 
Fund . Amg Managers Fairpointe
ABIZX Fund  USD 26.00  0.10  0.38%   
The current 90-days correlation between Amg Managers Fairpointe and Small Pany Growth is 0.64 (i.e., Poor diversification). The correlation of Amg Managers 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 Managers Correlation With Market

Very poor diversification

The correlation between Amg Managers Fairpointe and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Fairpointe and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amg Managers Fairpointe. 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 nation.

Moving together with Amg Mutual Fund

  0.79SSEIX Amg Southernsun EquityPairCorr
  0.79SSEFX Amg Southernsun EquityPairCorr
  0.98FQUAX Amg Fq LongPairCorr
  0.73SSSFX Amg Southernsun SmallPairCorr
  0.73SSSIX Amg Southernsun SmallPairCorr
  0.97GWEIX Amg Gwk SmallPairCorr
  0.97GWETX Amg Gwk SmallPairCorr
  0.97GWEZX Amg Gwk SmallPairCorr
  0.98GWGIX Amg Gwk SmallmidPairCorr
  0.98GWGVX Amg Gwk SmallmidPairCorr
  0.98GWGZX Amg Gwk SmallmidPairCorr
  1.0CHTTX Amg Managers FairpointePairCorr
  0.95ARDEX Amg River RoadPairCorr
  0.99ARIMX Amg River RoadPairCorr
  0.95ARIDX Amg River RoadPairCorr
  0.97ARRFX Amg River RoadPairCorr
  0.99ARSMX Amg River RoadPairCorr
  0.98ARSIX Amg River RoadPairCorr
  0.97ARRZX Amg River RoadPairCorr
  0.99ARSZX Amg River RoadPairCorr
  0.98ARSVX Amg River RoadPairCorr
  0.98ARZMX Amg River RoadPairCorr
  0.95ARZDX Amg River RoadPairCorr
  1.0ABMIX Amg Managers FairpointePairCorr
  0.96MRLIX Amg Renaissance LargePairCorr
  0.96MRLSX Amg Renaissance LargePairCorr
  0.96MRLTX Amg Renaissance LargePairCorr
  0.97ACWDX Astoncrosswind Small CapPairCorr
  0.96TMDIX Amg Timessquare MidPairCorr
  0.97ACWZX Aamg Funds IvPairCorr

Moving against Amg Mutual Fund

  0.43GWMTX Amg Gwk MunicipalPairCorr
  0.42GWMIX Amg Gwk MunicipalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Managers 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 Managers' 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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