Amg Managers Correlations

Mutual Funds . USA . 
Fund . Amg Managers Cadence
MECIX Fund  USD 55.34  0.74  1.36%   
The current 90-days correlation between Amg Managers Cadence and Amg Managers Cadence is 0.98 (i.e., Almost no 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

Very weak diversification

The correlation between Amg Managers Cadence and DJI is 0.46 (i.e., Very weak 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 gross domestic product.

Moving together with Amg Mutual Fund

  0.93SSEIX Amg Southernsun EquityPairCorr
  0.93SSEFX Amg Southernsun EquityPairCorr
  0.9FQUAX Amg Fq LongPairCorr
  0.91SSSFX Amg Southernsun SmallPairCorr
  0.91SSSIX Amg Southernsun SmallPairCorr
  0.98BRWIX Amg Managers BrandywinePairCorr
  0.83MMCFX Amg Managers EmergingPairCorr
  0.93GWEIX Amg Gwk SmallPairCorr
  0.92GWETX Amg Gwk SmallPairCorr
  0.93GWEZX Amg Gwk SmallPairCorr
  0.93GWGIX Amg Gwk SmallmidPairCorr
  0.93GWGVX Amg Gwk SmallmidPairCorr
  0.93GWGZX Amg Gwk SmallmidPairCorr
  0.83GWMTX Amg Gwk MunicipalPairCorr
  0.83GWMIX Amg Gwk MunicipalPairCorr
  0.94CHTTX Amg Managers FairpointePairCorr
  0.97ARDEX Amg River RoadPairCorr
  0.92ARIMX Amg River RoadPairCorr
  0.95ARIDX Amg River RoadPairCorr
  0.88ARRFX Amg River RoadPairCorr
  0.92ARSMX Amg River RoadPairCorr
  0.93ARSIX Amg River RoadPairCorr
  0.89ARRZX Amg River RoadPairCorr
  0.93ARSZX Amg River RoadPairCorr
  0.93ARSVX Amg River RoadPairCorr
  0.94ARZMX Amg River RoadPairCorr
  0.97ARZDX Amg River RoadPairCorr
  0.95ABIZX Amg Managers FairpointePairCorr
  0.95ABMIX Amg Managers FairpointePairCorr
  0.68MRASX Amg Managers CentersquarePairCorr
  0.68MRESX Amg Managers CentersquarePairCorr
  0.94MRLIX Amg Renaissance LargePairCorr
  0.95MRLSX Amg Renaissance LargePairCorr
  0.95MRLTX Amg Renaissance LargePairCorr
  0.96ACWDX Astoncrosswind Small CapPairCorr
  0.93TMDIX Amg Timessquare MidPairCorr
  0.95ACWZX Aamg Funds IvPairCorr
  0.96ACWIX Amg Managers LmcgPairCorr

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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