Amg Gwk Correlations

GWEZX Fund

USD 37.17 0.13 0.35%

The current 90-days correlation between Amg Gwk Small and Vanguard Small Cap Index is 0.96 (i.e., Almost no diversification). The correlation of Amg Gwk 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 Gwk Correlation With Market

Very poor diversification

The correlation between Amg Gwk Small and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Gwk Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Amg Gwk Small. 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

0.81	SSEIX	Amg Southernsun Equity	Pair Corr
0.8	SSEFX	Amg Southernsun Equity	Pair Corr
0.97	FQUAX	Amg Fq Long	Pair Corr
0.76	SSSFX	Amg Southernsun Small	Pair Corr
0.76	SSSIX	Amg Southernsun Small	Pair Corr
1.0	GWEIX	Amg Gwk Small	Pair Corr
1.0	GWETX	Amg Gwk Small	Pair Corr
0.99	GWGIX	Amg Gwk Smallmid	Pair Corr
0.99	GWGVX	Amg Gwk Smallmid	Pair Corr
0.99	GWGZX	Amg Gwk Smallmid	Pair Corr
0.96	CHTTX	Amg Managers Fairpointe	Pair Corr
0.87	ARDEX	Amg River Road	Pair Corr
0.98	ARIMX	Amg River Road	Pair Corr
0.87	ARIDX	Amg River Road	Pair Corr
0.96	ARRFX	Amg River Road	Pair Corr
0.98	ARSMX	Amg River Road	Pair Corr
0.98	ARSIX	Amg River Road	Pair Corr
0.96	ARRZX	Amg River Road	Pair Corr
0.98	ARSZX	Amg River Road	Pair Corr
0.98	ARSVX	Amg River Road	Pair Corr
0.98	ARZMX	Amg River Road	Pair Corr
0.87	ARZDX	Amg River Road	Pair Corr
0.96	ABIZX	Amg Managers Fairpointe	Pair Corr
0.96	ABMIX	Amg Managers Fairpointe	Pair Corr
0.92	MRLIX	Amg Renaissance Large	Pair Corr
0.92	MRLSX	Amg Renaissance Large	Pair Corr
0.92	MRLTX	Amg Renaissance Large	Pair Corr
0.99	ACWDX	Astoncrosswind Small Cap	Pair Corr
0.94	TMDIX	Amg Timessquare Mid	Pair Corr
0.99	ACWZX	Aamg Funds Iv	Pair Corr

Moving against Amg Mutual Fund

0.35	GWMTX	Amg Gwk Municipal	Pair Corr
0.34	GWMIX	Amg Gwk Municipal	Pair Corr

Related Correlations Analysis

	VSMAX	PASVX	444859BR2	SCRYY	AQUI	APAAX	LBHIX	MSTSX	ID
VSMAX		0.99	-0.63	0.68	0.0	-0.13	0.67	0.6	0.86	VSMAX
PASVX	0.99		-0.58	0.65	0.0	-0.15	0.64	0.53	0.84	PASVX
444859BR2	-0.63	-0.58		-0.53	0.0	0.06	-0.54	-0.45	-0.53	444859BR2
SCRYY	0.68	0.65	-0.53		0.0	0.14	0.48	0.34	0.73	SCRYY
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AQUI
APAAX	-0.13	-0.15	0.06	0.14	0.0		0.49	0.25	-0.06	APAAX
LBHIX	0.67	0.64	-0.54	0.48	0.0	0.49		0.68	0.55	LBHIX
MSTSX	0.6	0.53	-0.45	0.34	0.0	0.25	0.68		0.42	MSTSX
ID	0.86	0.84	-0.53	0.73	0.0	-0.06	0.55	0.42		ID
	VSMAX	PASVX	444859BR2	SCRYY	AQUI	APAAX	LBHIX	MSTSX	ID

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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

PASVX	+ 0.99	VSMAX
ID	+ 0.86	VSMAX
ID	+ 0.84	PASVX
ID	+ 0.73	SCRYY
SCRYY	+ 0.68	VSMAX
MSTSX	+ 0.68	LBHIX

High negative correlations

444859BR2	- 0.63	VSMAX
444859BR2	- 0.58	PASVX
LBHIX	- 0.54	444859BR2
ID	- 0.53	444859BR2
SCRYY	- 0.53	444859BR2
MSTSX	- 0.45	444859BR2

Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Gwk 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 Gwk'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
VSMAX	0.75	0.03	0.06	0.14	0.68	(0.84)	1.62	(1.25)	5.36
PASVX	0.75	0.00	0.03	0.11	0.70	(0.81)	1.74	(1.22)	6.47
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.07	0.29	0.08	1.93	2.02	(2.85)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APAAX	0.14	0.02	(0.35)	(0.09)	0.15	(0.18)	0.31	(0.31)	1.13
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.91	0.70	0.13	1.00	4.02	(5.25)	7.89	(6.67)	20.54

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