Affiliated Managers Group (AMG) — Stock Correlations & Overview
Over the past year, AMG has moved most closely with KCE, GABF, IVZ. Explore the stocks most correlated and inversely correlated with AMG below, along with its price, financials, and company profile.
Stocks correlated with AMG
Correlation of daily returns. Higher positive values move with AMG; negative values move opposite it. Informational only, not investment advice.
Most correlated with AMG
| Symbol | Company | Correlation |
|---|---|---|
| KCE | State Street SPDR S&P Capital Markets ETF | 0.60 |
| GABF | Gabelli Financial Services Opportunities ETF | 0.55 |
| IVZ | Invesco LTDINVESTMENT ADVICE | 0.54 |
| ARES | Ares Management Corporation Class A Common StockINVESTMENT ADVICE | 0.54 |
| FHI | Federated Hermes, Inc.INVESTMENT ADVICE | 0.53 |
Most inversely correlated with AMG
| Symbol | Company | Correlation |
|---|---|---|
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.45 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.44 |
| SKF | ProShares UltraShort Financials | -0.43 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.43 |
| SDD | ProShares UltraShort SmallCap600 | -0.43 |
Frequently asked questions about AMG correlations
- Which stocks are most correlated with AMG?
- Based on one year of daily returns, the stocks most correlated with Affiliated Managers Group (AMG) are KCE (0.60), GABF (0.55) and IVZ (0.54). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with AMG?
- Over the past year, the stocks most inversely correlated with Affiliated Managers Group (AMG) are BNKD (-0.45), FAZ (-0.44) and SKF (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these AMG correlations calculated?
- We compute the correlation of daily returns between AMG and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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