Amg Yacktman Correlations

YACKX Fund

USD 25.93 0.07 0.27%

The current 90-days correlation between Amg Yacktman and Mesirow Financial High is 0.48 (i.e., Very weak diversification). The correlation of Amg Yacktman 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 Yacktman Correlation With Market

Poor diversification

The correlation between Amg Yacktman Fund 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 Yacktman Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Amg Yacktman Fund. 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 board of governors.

Moving together with Amg Mutual Fund

0.85	BRWIX	Amg Managers Brandywine	Pair Corr
0.72	GWEZX	Amg Gwk Small	Pair Corr
0.63	GWMZX	Amg Gwk Municipal	Pair Corr
0.67	GWMEX	Amg Gwk Municipal	Pair Corr
0.64	GWMNX	Amg Gwk Municipal	Pair Corr
0.65	ACWDX	Astoncrosswind Small Cap	Pair Corr

Related Correlations Analysis

	MFHIX	MSVIX	PGFMX	SBFAX	FNPIX	FIKBX	FIDCX
MFHIX		0.59	-0.47	0.87	0.84	0.78	0.78	MFHIX
MSVIX	0.59		0.04	0.63	0.7	0.77	0.53	MSVIX
PGFMX	-0.47	0.04		-0.59	-0.3	-0.36	-0.35	PGFMX
SBFAX	0.87	0.63	-0.59		0.92	0.9	0.81	SBFAX
FNPIX	0.84	0.7	-0.3	0.92		0.92	0.79	FNPIX
FIKBX	0.78	0.77	-0.36	0.9	0.92		0.84	FIKBX
FIDCX	0.78	0.53	-0.35	0.81	0.79	0.84		FIDCX
	MFHIX	MSVIX	PGFMX	SBFAX	FNPIX	FIKBX	FIDCX

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

FNPIX	+ 0.92	SBFAX
FIKBX	+ 0.92	FNPIX
FIKBX	+ 0.9	SBFAX
SBFAX	+ 0.87	MFHIX
FNPIX	+ 0.84	MFHIX
FIDCX	+ 0.84	FIKBX

High negative correlations

SBFAX	- 0.59	PGFMX
PGFMX	- 0.47	MFHIX
FIKBX	- 0.36	PGFMX
FIDCX	- 0.35	PGFMX
FNPIX	- 0.3	PGFMX

Risk-Adjusted Indicators

There is a big difference between Amg Mutual Fund performing well and Amg Yacktman 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 Yacktman'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
MFHIX	0.14	(0.03)	0.00	(0.13)	0.00	0.00	0.25	(0.36)	0.86
MSVIX	0.87	(0.05)	(0.03)	0.03	1.02	(0.98)	1.72	(1.56)	5.04
PGFMX	0.30	0.04	(0.06)	0.48	0.26	(0.34)	0.63	(0.62)	1.60
SBFAX	0.66	(0.12)	0.00	(0.06)	0.00	0.00	1.36	(1.77)	4.82
FNPIX	0.99	(0.12)	(0.06)	(0.01)	1.45	(0.99)	1.68	(2.71)	6.62
FIKBX	0.71	(0.08)	(0.07)	0.00	1.04	(0.74)	1.54	(1.65)	5.55
FIDCX	0.71	0.00	(0.07)	0.03	1.05	(0.77)	1.38	(1.55)	5.52

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