Amg Southernsun Correlations

Mutual Funds . USA . 
Fund . Amg Southernsun Small
SSSIX Fund  USD 31.52  0.14  0.45%   
The current 90-days correlation between Amg Southernsun Small and Mid Cap Value Profund is 0.88 (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 gross domestic product.

Moving together with Amg Mutual Fund

  0.98SSEIX Amg Southernsun EquityPairCorr
  0.99SSEFX Amg Southernsun EquityPairCorr
  0.78FQUAX Amg Fq LongPairCorr
  1.0SSSFX Amg Southernsun SmallPairCorr
  0.63BRWIX Amg Managers BrandywinePairCorr
  0.76GWEIX Amg Gwk SmallPairCorr
  0.76GWETX Amg Gwk SmallPairCorr
  0.76GWEZX Amg Gwk SmallPairCorr
  0.79GWGIX Amg Gwk SmallmidPairCorr
  0.79GWGVX Amg Gwk SmallmidPairCorr
  0.79GWGZX Amg Gwk SmallmidPairCorr
  0.72CHTTX Amg Managers FairpointePairCorr
  0.73ARDEX Amg River RoadPairCorr
  0.72ARIMX Amg River RoadPairCorr
  0.73ARIDX Amg River RoadPairCorr
  0.83ARRFX Amg River RoadPairCorr
  0.73ARSMX Amg River RoadPairCorr
  0.66ARSIX Amg River RoadPairCorr
  0.82ARRZX Amg River RoadPairCorr
  0.72ARSZX Amg River RoadPairCorr
  0.66ARSVX Amg River RoadPairCorr
  0.66ARZMX Amg River RoadPairCorr
  0.73ARZDX Amg River RoadPairCorr
  0.72ABIZX Amg Managers FairpointePairCorr
  0.72ABMIX Amg Managers FairpointePairCorr
  0.74MRLIX Amg Renaissance LargePairCorr
  0.74MRLSX Amg Renaissance LargePairCorr
  0.74MRLTX Amg Renaissance LargePairCorr
  0.76ACWDX Astoncrosswind Small CapPairCorr
  0.8TMDIX Amg Timessquare MidPairCorr
  0.76ACWZX 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 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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