Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Small Cap
ANFVX Fund  USD 15.04  0.06  0.40%   
The current 90-days correlation between Allianzgi Nfj Small and Qs Defensive Growth is 0.72 (i.e., Poor 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

Poor diversification

The correlation between Allianzgi Nfj Small Cap and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Small Cap 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 Small Cap. 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

  0.93ANAVX Allianzgi Nfj InternPairCorr
  0.98ANDVX Allianzgi Nfj DividendPairCorr
  0.93ASHSX Allianzgi Short DurationPairCorr
  0.99AVSCX Allianz Global InvestorsPairCorr
  0.95AEMOX Allianzgi EmergingPairCorr
  0.95AFGFX Allianzgi Focused GrowthPairCorr
  0.94AGASX Allianzgi Global AllPairCorr
  0.89AIISX Allianzgi InternationalPairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  0.99DFSVX Us Small CapPairCorr
  0.99DFFVX Us Targeted ValuePairCorr
  0.99UBVCX Undiscovered ManagersPairCorr
  0.99UBVAX Undiscovered ManagersPairCorr
  0.99UBVSX Undiscovered ManagersPairCorr
  0.99AVFIX American Beacon SmallPairCorr
  0.95MKECX Blackrock FundsPairCorr
  0.77FCSCX Franklin AdjustablePairCorr
  0.96QIBGX Federated Mdt BalancedPairCorr
  0.64APISX Short Duration InflationPairCorr
  0.81THRIX Thornburg Limited TermPairCorr
  0.95FFEGX Fidelity Freedom IndexPairCorr
  0.95NFEDX Columbia Large CapPairCorr
  0.75IBRAX Vy Blackrock InflationPairCorr
  0.96TBLWX T Rowe PricePairCorr
  0.91XEHIX Western Assets GlobalPairCorr
  0.95PPUMX Largecap GrowthPairCorr
  0.91TRWIX Transamerica InternationalPairCorr
  0.91JPVRX Jpmorgan InternationalPairCorr
  0.87MWSIX Metropolitan WestPairCorr
  0.93ENIAX Siit Opportunistic IncomePairCorr

Moving against Allianzgi Mutual Fund

  0.62JTTSX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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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.

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