Amg Southernsun Correlations

Mutual Funds . USA . 
Fund . Amg Southernsun Small
SSSIX Fund  USD 25.41  0.12  0.47%   
The current 90-days correlation between Amg Southernsun Small and Jennison Natural Resources is 0.46 (i.e., Very weak 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 0.61 (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
  0.69SSEFX Amg Southernsun EquityPairCorr
  0.9SSSFX Amg Southernsun SmallPairCorr
  0.68GWGIX Amg Gwk SmallmidPairCorr
  0.69GWGVX Amg Gwk SmallmidPairCorr
  0.69ARIMX Amg River RoadPairCorr
  0.64ARSIX Amg River RoadPairCorr
  0.64ARSVX Amg River RoadPairCorr
  0.64ARZMX Amg River RoadPairCorr
  0.7TMDIX Amg Timessquare MidPairCorr

Related Correlations Analysis


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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