Allianzgi Emerging Correlations

AEMOX Fund

USD 31.27 0.13 0.41%

The current 90-days correlation between Allianzgi Emerging and Allianzgi Nfj International is 0.02 (i.e., Significant diversification). The correlation of Allianzgi Emerging 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.

Allianzgi Emerging Correlation With Market

Average diversification

The correlation between Allianzgi Emerging Markets and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allianzgi Emerging Markets. 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 persons.

Moving together with Allianzgi Mutual Fund

0.98	ANAVX	Allianzgi Nfj Intern	Pair Corr
0.95	ANDVX	Allianzgi Nfj Dividend	Pair Corr
0.94	ANFVX	Allianzgi Nfj Small	Pair Corr
0.97	ASHSX	Allianzgi Short Duration	Pair Corr
0.98	AFGFX	Allianzgi Focused Growth	Pair Corr
0.98	AGASX	Allianzgi Global All	Pair Corr
0.62	FWWNX	American Funds New	Pair Corr
0.62	FNFWX	American Funds New	Pair Corr
0.62	NWFFX	New World Fund	Pair Corr
0.93	PCF	Putnam High Income	Pair Corr
0.98	TCNHX	Tiaa Cref Lifecycle	Pair Corr
0.95	TMPRX	Touchstone Mid Cap	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.97	HMCNX	Harbor Mid Cap	Pair Corr
0.98	QSMRX	Aqr Small Cap	Pair Corr
0.96	AGEAX	Arbitrage Event	Pair Corr
0.73	MKCPX	Blackrock Balanced	Pair Corr
0.93	OEMNX	Ophmr Eml Dbt	Pair Corr
0.78	HULFX	Hawaiian Tax Free	Pair Corr

Moving against Allianzgi Mutual Fund

0.36

XPPRX

Voya Prime Rate

Pair Corr

Related Correlations Analysis

	ANAVX	ANDVX	ANFVX	ASHSX	AVSCX	AEMOX	AFGFX	AGASX	AIISX
ANAVX		0.96	0.93	0.96	0.54	0.98	0.98	0.97	0.57	ANAVX
ANDVX	0.96		0.98	0.95	0.57	0.95	0.96	0.95	0.56	ANDVX
ANFVX	0.93	0.98		0.92	0.49	0.94	0.95	0.93	0.45	ANFVX
ASHSX	0.96	0.95	0.92		0.5	0.97	0.97	0.98	0.56	ASHSX
AVSCX	0.54	0.57	0.49	0.5		0.5	0.5	0.46	0.87	AVSCX
AEMOX	0.98	0.95	0.94	0.97	0.5		0.98	0.98	0.5	AEMOX
AFGFX	0.98	0.96	0.95	0.97	0.5	0.98		0.99	0.52	AFGFX
AGASX	0.97	0.95	0.93	0.98	0.46	0.98	0.99		0.5	AGASX
AIISX	0.57	0.56	0.45	0.56	0.87	0.5	0.52	0.5		AIISX
	ANAVX	ANDVX	ANFVX	ASHSX	AVSCX	AEMOX	AFGFX	AGASX	AIISX

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Risk-Adjusted Indicators

There is a big difference between Allianzgi Mutual Fund performing well and Allianzgi Emerging 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 Allianzgi Emerging'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
ANAVX	0.55	0.20	0.07	1.89	0.32	(0.65)	1.07	(0.95)	5.55
ANDVX	0.60	0.14	(0.03)	3.00	0.59	(0.70)	1.73	(0.98)	4.45
ANFVX	0.93	0.18	0.03	1.23	0.84	(1.11)	2.46	(1.59)	6.52
ASHSX	0.13	0.06	(0.51)	(1.79)	0.00	(0.19)	0.37	(0.23)	1.04
AVSCX	0.89	0.10	0.06	0.28	0.79	(1.11)	2.31	(1.53)	6.56
AEMOX	0.48	0.21	0.12	1.97	0.00	(0.63)	1.63	(0.73)	3.32
AFGFX	0.85	0.34	0.15	23.01	0.69	(1.03)	2.54	(1.50)	5.92
AGASX	0.34	0.15	(0.04)	(5.50)	0.00	(0.45)	1.07	(0.72)	2.29
AIISX	0.43	0.14	(0.02)	1.45	0.15	(0.51)	1.00	(0.68)	2.29

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