Amg Managers Correlations

Mutual Funds . USA . 
Fund . Amg Managers Skyline
SKSIX Fund  USD 30.29  1.32  4.18%   
The current 90-days correlation between Amg Managers Skyline and Amg Gwk Small is 0.2 (i.e., Modest 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

Modest diversification

The correlation between Amg Managers Skyline and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Managers Skyline and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Amg Managers Skyline. 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

  0.96GWEIX Amg Gwk SmallPairCorr
  0.96GWETX Amg Gwk SmallPairCorr
  0.96GWEZX Amg Gwk SmallPairCorr
  0.95GWGIX Amg Gwk SmallmidPairCorr
  0.98ARSMX Amg River RoadPairCorr
  0.91ARSZX Amg River RoadPairCorr
  0.99ARSVX Amg River RoadPairCorr
  0.95ARZMX Amg River RoadPairCorr
  0.92ABIZX Amg Managers FairpointePairCorr
  0.93ABMIX Amg Managers FairpointePairCorr
  0.93MRLIX Amg Renaissance LargePairCorr
  0.87MRLSX Amg Renaissance LargePairCorr
  0.96ACWDX Astoncrosswind Small CapPairCorr
  0.83TMDIX Amg Timessquare MidPairCorr
  0.93ACWIX Amg Managers LmcgPairCorr
  0.82TMDPX Amg Timessquare MidPairCorr
  0.93MSSCX Amg Frontier SmallPairCorr
  0.92MSSVX Amg Frontier SmallPairCorr
  0.93MSSYX Amg Frontier SmallPairCorr
  0.81MCGIX Amg Managers MontagPairCorr
  0.67MCGFX Aston Montag CaldwellPairCorr

Moving against Amg Mutual Fund

  0.62MSEIX Amg Managers SpecialPairCorr
  0.6MECIX Amg Managers CadencePairCorr
  0.6MECAX Amg Managers CadencePairCorr
  0.49ADZIX Amg Managers DoublelinePairCorr
  0.46MBDFX Amg Gwk EPairCorr
  0.45ADLIX Amg Managers DoublelinePairCorr
  0.42MBDLX Amg Gwk EPairCorr
  0.4MGFIX Amg Managers LoomisPairCorr
  0.38ADBLX Amg Managers DoublelinePairCorr

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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