Amg Southernsun Correlations

Mutual Funds . USA . 
Fund . Amg Southernsun Small
SSSFX Fund  USD 30.33  0.13  0.43%   
The current 90-days correlation between Amg Southernsun Small and Hodges Small Cap is 0.83 (i.e., Very poor diversification). The correlation of Amg Southernsun 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 Southernsun Correlation With Market

Poor diversification

The correlation between Amg Southernsun Small and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Southernsun Small 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 Southernsun 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 census.

Moving together with Amg Mutual Fund

  0.98SSEIX Amg Southernsun EquityPairCorr
  0.98SSEFX Amg Southernsun EquityPairCorr
  0.79FQUAX Amg Fq LongPairCorr
  1.0SSSIX Amg Southernsun SmallPairCorr
  0.62BRWIX Amg Managers BrandywinePairCorr
  0.77GWEIX Amg Gwk SmallPairCorr
  0.76GWETX Amg Gwk SmallPairCorr
  0.77GWEZX Amg Gwk SmallPairCorr
  0.8GWGIX Amg Gwk SmallmidPairCorr
  0.8GWGVX Amg Gwk SmallmidPairCorr
  0.8GWGZX Amg Gwk SmallmidPairCorr
  0.73CHTTX Amg Managers FairpointePairCorr
  0.74ARDEX Amg River RoadPairCorr
  0.73ARIMX Amg River RoadPairCorr
  0.74ARIDX Amg River RoadPairCorr
  0.83ARRFX Amg River RoadPairCorr
  0.73ARSMX Amg River RoadPairCorr
  0.67ARSIX Amg River RoadPairCorr
  0.83ARRZX Amg River RoadPairCorr
  0.73ARSZX Amg River RoadPairCorr
  0.67ARSVX Amg River RoadPairCorr
  0.67ARZMX Amg River RoadPairCorr
  0.74ARZDX Amg River RoadPairCorr
  0.73ABIZX Amg Managers FairpointePairCorr
  0.73ABMIX Amg Managers FairpointePairCorr
  0.75MRLIX Amg Renaissance LargePairCorr
  0.75MRLSX Amg Renaissance LargePairCorr
  0.75MRLTX Amg Renaissance LargePairCorr
  0.77ACWDX Astoncrosswind Small CapPairCorr
  0.8TMDIX Amg Timessquare MidPairCorr
  0.77ACWZX Aamg Funds IvPairCorr

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   
MXXVX
+ 0.97
HDPSX
WSCVX
+ 0.93
HDPSX
MXXVX
+ 0.87
WSCVX
ICMAX
+ 0.35
YAFFX
ICMAX
+ 0.15
WSCVX
YAFFX
+ 0.13
WSCVX
  
High negative correlations   
YAFFX
- 0.3
MXXVX
YAFFX
- 0.14
HDPSX

Risk-Adjusted Indicators

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