Amg Managers Correlations

Mutual Funds . USA . 
Fund . Amg Managers Cadence
MECAX Fund  USD 43.00  0.45  1.04%   
The current 90-days correlation between Amg Managers Cadence and Amg Managers Cadence is 1.0 (i.e., No risk reduction). 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

Average diversification

The correlation between Amg Managers Cadence and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Cadence and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Amg Managers Cadence. 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

  0.78BRWIX Amg Managers BrandywinePairCorr

Moving against Amg Mutual Fund

  0.71ARZMX Amg River RoadPairCorr
  0.69ARSIX Amg River RoadPairCorr
  0.68ARSVX Amg River RoadPairCorr
  0.67ARIMX Amg River RoadPairCorr
  0.61GWEIX Amg Gwk SmallPairCorr
  0.61GWETX Amg Gwk SmallPairCorr
  0.61GWEZX Amg Gwk SmallPairCorr
  0.61GWGIX Amg Gwk SmallmidPairCorr
  0.61GWGVX Amg Gwk SmallmidPairCorr
  0.61GWGZX Amg Gwk SmallmidPairCorr
  0.61ARSMX Amg River RoadPairCorr
  0.59ARSZX Amg River RoadPairCorr
  0.52FQUAX Amg Fq LongPairCorr
  0.5ABIZX Amg Managers FairpointePairCorr
  0.5ABMIX Amg Managers FairpointePairCorr
  0.48CHTTX Amg Managers FairpointePairCorr
  0.62ACWDX Astoncrosswind Small CapPairCorr
  0.62ACWZX Aamg Funds IvPairCorr
  0.61ACWIX Amg Managers LmcgPairCorr
  0.6SKSEX Amg Managers SkylinePairCorr
  0.6SKSIX Amg Managers SkylinePairCorr
  0.52MRLIX Amg Renaissance LargePairCorr
  0.52MRLTX Amg Renaissance LargePairCorr
  0.52MSSVX Amg Frontier SmallPairCorr

Related Correlations Analysis

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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   
MNDAX
+ 0.95
MFCAX
MHOAX
+ 0.83
MFCAX
MIDAX
+ 0.79
MECIX
MNDAX
+ 0.77
MHOAX
  
High negative correlations   
MNDAX
- 0.66
MECIX
MFCAX
- 0.61
MECIX
MIDAX
- 0.56
MFCAX
MNDAX
- 0.54
MIDAX
MHOAX
- 0.52
MIDAX
MHOAX
- 0.4
MECIX

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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