Amg Gwk Correlations

GWGVX Fund

USD 20.02 0.07 0.35%

The current 90-days correlation between Amg Gwk Smallmid and Amg Gwk Small is 0.96 (i.e., Almost no diversification). The correlation of Amg Gwk 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 Gwk Correlation With Market

Poor diversification

The correlation between Amg Gwk Smallmid and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amg Gwk Smallmid and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Amg Gwk Smallmid. 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 unemployment.

Moving together with Amg Mutual Fund

0.81	FQUAX	Amg Fq Long	Pair Corr
0.83	GWEIX	Amg Gwk Small	Pair Corr
0.83	GWETX	Amg Gwk Small	Pair Corr
0.83	GWEZX	Amg Gwk Small	Pair Corr
1.0	GWGIX	Amg Gwk Smallmid	Pair Corr
1.0	GWGZX	Amg Gwk Smallmid	Pair Corr
0.81	CHTTX	Amg Managers Fairpointe	Pair Corr
0.83	ARIMX	Amg River Road	Pair Corr
0.86	ARRFX	Amg River Road	Pair Corr
0.83	ARSMX	Amg River Road	Pair Corr
0.63	ARSIX	Amg River Road	Pair Corr
0.86	ARRZX	Amg River Road	Pair Corr
0.84	ARSZX	Amg River Road	Pair Corr
0.62	ARSVX	Amg River Road	Pair Corr
0.63	ARZMX	Amg River Road	Pair Corr
0.82	ABIZX	Amg Managers Fairpointe	Pair Corr
0.82	ABMIX	Amg Managers Fairpointe	Pair Corr
0.73	ACWDX	Astoncrosswind Small Cap	Pair Corr
0.73	ACWZX	Aamg Funds Iv	Pair Corr

Related Correlations Analysis

	GWEIX	GWETX	EKWDX	IMIDX	MAPOX	SBSPX	GGT	MDLVX	BAMPX	BAHAX
GWEIX		1.0	0.58	-0.24	0.26	0.74	0.13	0.89	0.7	0.54	GWEIX
GWETX	1.0		0.57	-0.23	0.26	0.74	0.13	0.89	0.7	0.55	GWETX
EKWDX	0.58	0.57		-0.72	-0.44	0.68	-0.33	0.75	0.69	-0.07	EKWDX
IMIDX	-0.24	-0.23	-0.72		0.67	-0.14	0.02	-0.48	-0.1	0.28	IMIDX
MAPOX	0.26	0.26	-0.44	0.67		0.2	0.35	0.11	0.2	0.64	MAPOX
SBSPX	0.74	0.74	0.68	-0.14	0.2		-0.06	0.83	0.97	0.3	SBSPX
GGT	0.13	0.13	-0.33	0.02	0.35	-0.06		0.18	-0.22	0.48	GGT
MDLVX	0.89	0.89	0.75	-0.48	0.11	0.83	0.18		0.77	0.42	MDLVX
BAMPX	0.7	0.7	0.69	-0.1	0.2	0.97	-0.22	0.77		0.29	BAMPX
BAHAX	0.54	0.55	-0.07	0.28	0.64	0.3	0.48	0.42	0.29		BAHAX
	GWEIX	GWETX	EKWDX	IMIDX	MAPOX	SBSPX	GGT	MDLVX	BAMPX	BAHAX

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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

GWETX	+ 1.0	GWEIX
BAMPX	+ 0.97	SBSPX
MDLVX	+ 0.89	GWEIX
MDLVX	+ 0.89	GWETX
MDLVX	+ 0.83	SBSPX
BAMPX	+ 0.77	MDLVX

High negative correlations

IMIDX	- 0.72	EKWDX
MDLVX	- 0.48	IMIDX
MAPOX	- 0.44	EKWDX
GGT	- 0.33	EKWDX
IMIDX	- 0.24	GWEIX
IMIDX	- 0.23	GWETX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GWEIX	0.83	(0.02)	0.00	0.05	0.93	(0.93)	1.86	(1.54)	4.61
GWETX	0.83	(0.02)	0.00	0.05	0.92	(0.93)	1.89	(1.56)	4.66
EKWDX	1.03	0.42	0.28	(63.34)	0.48	(1.71)	2.77	(1.31)	7.30
IMIDX	0.82	(0.14)	0.00	(0.07)	0.00	0.00	1.61	(1.85)	4.69
MAPOX	0.35	(0.04)	(0.12)	0.00	0.51	(0.32)	0.65	(0.66)	2.64
SBSPX	0.54	0.02	0.01	0.09	0.79	(0.51)	1.23	(1.16)	3.54
GGT	0.74	(0.01)	(0.03)	0.04	0.96	(0.86)	1.46	(1.95)	5.30
MDLVX	0.50	0.03	0.02	0.10	0.51	(0.57)	1.04	(1.01)	3.51
BAMPX	0.27	0.02	(0.06)	0.10	0.29	(0.30)	0.63	(0.56)	1.77
BAHAX	0.52	(0.02)	(0.07)	0.04	0.56	(0.58)	1.09	(0.99)	2.38

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