Amg River Correlations

Mutual Funds . USA . 
Fund . Amg River Road
ARRFX Fund  USD 15.88  0.04  0.25%   
The current 90-days correlation between Amg River Road and Champlain Mid Cap is 0.74 (i.e., Poor diversification). The correlation of Amg River 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 River Correlation With Market

Poor diversification

The correlation between Amg River Road and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg River Road 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 River Road. 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

  0.88SSEIX Amg Southernsun EquityPairCorr
  0.87SSEFX Amg Southernsun EquityPairCorr
  0.99FQUAX Amg Fq LongPairCorr
  0.83SSSFX Amg Southernsun SmallPairCorr
  0.83SSSIX 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
  0.97CHTTX Amg Managers FairpointePairCorr
  0.93ARDEX Amg River RoadPairCorr
  0.97ARIMX Amg River RoadPairCorr
  0.93ARIDX Amg River RoadPairCorr
  0.97ARSMX Amg River RoadPairCorr
  0.95ARSIX Amg River RoadPairCorr
  1.0ARRZX Amg River RoadPairCorr
  0.97ARSZX Amg River RoadPairCorr
  0.95ARSVX Amg River RoadPairCorr
  0.95ARZMX Amg River RoadPairCorr
  0.93ARZDX Amg River RoadPairCorr
  0.97ABIZX Amg Managers FairpointePairCorr
  0.97ABMIX Amg Managers FairpointePairCorr
  0.95MRLIX Amg Renaissance LargePairCorr
  0.95MRLSX Amg Renaissance LargePairCorr
  0.95MRLTX Amg Renaissance LargePairCorr
  0.96ACWDX Astoncrosswind Small CapPairCorr
  0.96TMDIX Amg Timessquare MidPairCorr
  0.96ACWZX Aamg Funds IvPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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