Amg Renaissance Correlations

Mutual Funds . USA . 
Fund . Amg Renaissance Large
MRLIX Fund  USD 18.09  0.07  0.39%   
The current 90-days correlation between Amg Renaissance Large and Mfs Lifetime Retirement is 0.88 (i.e., Very poor diversification). The correlation of Amg Renaissance 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 Renaissance Correlation With Market

Almost no diversification

The correlation between Amg Renaissance Large and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Renaissance Large 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 Renaissance Large. 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
  0.98SSEFX Amg Southernsun EquityPairCorr
  0.84FQUAX Amg Fq LongPairCorr
  0.98SSSFX Amg Southernsun SmallPairCorr
  0.98SSSIX Amg Southernsun SmallPairCorr
  0.98BRWIX Amg Managers BrandywinePairCorr
  0.72MMCFX Amg Managers EmergingPairCorr
  0.91GWEIX Amg Gwk SmallPairCorr
  0.91GWETX Amg Gwk SmallPairCorr
  0.91GWEZX Amg Gwk SmallPairCorr
  0.9GWGIX Amg Gwk SmallmidPairCorr
  0.9GWGVX Amg Gwk SmallmidPairCorr
  0.9GWGZX Amg Gwk SmallmidPairCorr
  0.96CHTTX Amg Managers FairpointePairCorr
  0.73ARDEX Amg River RoadPairCorr
  0.9ARIMX Amg River RoadPairCorr
  0.73ARIDX Amg River RoadPairCorr
  0.88ARRFX Amg River RoadPairCorr
  0.89ARSMX Amg River RoadPairCorr
  0.88ARSIX Amg River RoadPairCorr
  0.88ARRZX Amg River RoadPairCorr
  0.9ARSZX Amg River RoadPairCorr
  0.88ARSVX Amg River RoadPairCorr
  0.88ARZMX Amg River RoadPairCorr
  0.73ARZDX Amg River RoadPairCorr
  0.96ABIZX Amg Managers FairpointePairCorr
  0.96ABMIX Amg Managers FairpointePairCorr
  0.8MRASX Amg Managers CentersquarePairCorr
  0.8MRESX Amg Managers CentersquarePairCorr
  1.0MRLSX Amg Renaissance LargePairCorr
  1.0MRLTX Amg Renaissance LargePairCorr
  0.95ACWDX Astoncrosswind Small CapPairCorr
  1.0TMDIX Amg Timessquare MidPairCorr
  0.95ACWZX 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 Renaissance 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 Renaissance'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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