Allianzgi Nfj Correlations

ANAVX Fund

USD 22.88 0.10 0.44%

The current 90-days correlation between Allianzgi Nfj Intern and Allianzgi Nfj Dividend is 0.3 (i.e., Weak diversification). The correlation of Allianzgi Nfj 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 Nfj Correlation With Market

Weak diversification

The correlation between Allianzgi Nfj International and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj International 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 Nfj International. 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 real.

Moving together with Allianzgi Mutual Fund

0.96	ANDVX	Allianzgi Nfj Dividend	Pair Corr
0.93	ANFVX	Allianzgi Nfj Small	Pair Corr
0.97	ASHSX	Allianzgi Short Duration	Pair Corr
0.96	AVSCX	Allianz Global Investors	Pair Corr
0.99	AEMOX	Allianzgi Emerging	Pair Corr
0.98	AFGFX	Allianzgi Focused Growth	Pair Corr
0.98	AGASX	Allianzgi Global All	Pair Corr
0.95	AIISX	Allianzgi International	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.96	VTSNX	Vanguard Total Inter	Pair Corr
0.98	VTPSX	Vanguard Total Inter	Pair Corr
0.96	VTISX	Vanguard Total Inter	Pair Corr
0.96	VTMGX	Vanguard Developed	Pair Corr
0.96	VDVIX	Vanguard Developed	Pair Corr
0.95	VTMNX	Vanguard Developed	Pair Corr
0.95	VDIPX	Vanguard Developed	Pair Corr
0.93	FSPSX	Fidelity International	Pair Corr
0.77	GAAKX	Gmo Alternative Allo	Pair Corr
0.75	GAAGX	Gmo Alternative Allo	Pair Corr
0.71	GPBFX	Gmo E Plus	Pair Corr
0.69	PIPAX	Pimco International	Pair Corr
0.92	KCLIX	Knights Of Columbus	Pair Corr
0.98	AFLIX	Anfield Universal Fixed	Pair Corr
0.96	CHCCX	Ab Discovery Growth	Pair Corr
0.89	NOITX	Northern Intermediate	Pair Corr
0.98	FPURX	Fidelity Puritan	Pair Corr
0.96	FEAMX	First Eagle Fund	Pair Corr
0.94	BGESX	Eafe Fund	Pair Corr
0.93	PCBAX	Blackrock Tactical	Pair Corr
0.91	MRNPX	Msif International	Pair Corr
0.83	TWTCX	Intermediate Term Tax	Pair Corr
0.97	RNPFX	New Perspective	Pair Corr
0.98	HIGUX	Eagle Growth Income	Pair Corr

Moving against Allianzgi Mutual Fund

0.37

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Guidepath Managed Futures

Pair Corr

Related Correlations Analysis

	ANAVX	ANDVX	ANFVX	ASHSX	AVSCX	AEMOX	AFGFX	AGASX	AIISX
ANAVX		0.96	0.93	0.97	0.96	0.99	0.98	0.98	0.95	ANAVX
ANDVX	0.96		0.98	0.96	0.99	0.96	0.97	0.96	0.92	ANDVX
ANFVX	0.93	0.98		0.93	0.99	0.95	0.95	0.94	0.89	ANFVX
ASHSX	0.97	0.96	0.93		0.96	0.97	0.98	0.98	0.97	ASHSX
AVSCX	0.96	0.99	0.99	0.96		0.97	0.98	0.97	0.92	AVSCX
AEMOX	0.99	0.96	0.95	0.97	0.97		0.98	0.98	0.95	AEMOX
AFGFX	0.98	0.97	0.95	0.98	0.98	0.98		0.99	0.95	AFGFX
AGASX	0.98	0.96	0.94	0.98	0.97	0.98	0.99		0.97	AGASX
AIISX	0.95	0.92	0.89	0.97	0.92	0.95	0.95	0.97		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 Nfj 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 Nfj'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	0.18	0.13	0.70	0.32	(0.65)	1.07	(0.95)	5.55
ANDVX	0.60	0.04	0.01	0.18	0.59	(0.70)	1.73	(0.98)	4.45
ANFVX	0.93	0.08	0.07	0.21	0.84	(1.11)	2.46	(1.59)	6.52
ASHSX	0.13	0.04	(0.34)	0.58	0.00	(0.20)	0.37	(0.23)	1.04
AVSCX	0.95	0.15	0.14	0.28	0.76	(1.19)	2.57	(1.76)	6.56
AEMOX	0.49	0.20	0.19	0.84	0.00	(0.64)	1.63	(0.73)	3.32
AFGFX	0.85	0.21	0.18	0.34	0.69	(1.03)	2.54	(1.50)	5.92
AGASX	0.34	0.09	0.03	0.35	0.00	(0.44)	1.07	(0.72)	2.29
AIISX	0.45	0.19	0.14	2.27	0.00	(0.56)	1.05	(0.68)	2.48

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