Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj International
ANJIX Fund  USD 22.80  0.11  0.48%   
The current 90-days correlation between Allianzgi Nfj Intern and Allianzgi Vertible Fund is 0.44 (i.e., Very 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

Good diversification

The correlation between Allianzgi Nfj International and DJI is -0.08 (i.e., Good 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 gross domestic product.

Moving together with Allianzgi Mutual Fund

  0.98ANNPX Allianzgi ConvertiblePairCorr
  0.94ANPRX Allianzgi Nfj MidPairCorr
  0.98PGFIX Allianzgi Focused GrowthPairCorr
  0.96ANVIX Allianzgi Nfj LargePairCorr
  0.97ANZCX Allianzgi ConvertiblePairCorr
  0.98ANZAX Allianzgi ConvertiblePairCorr
  0.97PGWCX Allianzgi Focused GrowthPairCorr
  0.98PGWAX Allianzgi Focused GrowthPairCorr
  0.96AOPAX Allianzgi InternationalPairCorr
  0.95AOPCX Allianzgi InternationalPairCorr
  0.98AOTIX Allianzgi EmergingPairCorr
  0.99AOTAX Allianzgi EmergingPairCorr
  0.98AOTCX Allianzgi EmergingPairCorr
  0.97RAGTX Allianzgi TechnologyPairCorr
  0.94ASCFX Allianzgi Small CapPairCorr
  0.97ASHIX Allianzgi Short DurationPairCorr
  0.95ASHAX Allianzgi Short DurationPairCorr
  0.95ASHCX Allianzgi Short DurationPairCorr
  0.97RCGTX Allianzgi TechnologyPairCorr
  0.97PNBAX Allianzgi Nfj LargePairCorr
  0.96PNBCX Allianzgi Nfj LargePairCorr
  0.95PNECX Allianzgi Nfj DividendPairCorr
  0.95PNEAX Allianzgi Nfj DividendPairCorr
  0.95NFJEX Allianzgi Nfj DividendPairCorr
  0.97DRGTX Allianzgi TechnologyPairCorr
  0.96DRMCX Allianzgi Mid CapPairCorr
  0.95AWTAX Allianzgi Global WaterPairCorr
  0.94AWTCX Allianzgi Global WaterPairCorr
  0.94AWTIX Allianzgi Global WaterPairCorr
  1.0AFJAX Allianzgi Nfj InternPairCorr
  1.0AFJCX Allianzgi Nfj InternPairCorr
  0.97RGLIX Allianzgi Global NaturalPairCorr
  0.9RGSCX Allianzgi Global SmallPairCorr
  0.91RGSAX Allianzgi Global SmallPairCorr
  0.93PQNCX Allianzgi Nfj MidPairCorr
  0.94PQNAX Allianzgi Nfj MidPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ANJIX  0.57  0.24  0.15 (3.35) 0.24 
(0.68)
 1.12 
(0.95)
 5.55 
ANNPX  0.43  0.23  0.19 (5.36) 0.00 
(0.56)
 1.18 
(0.81)
 2.61 
ANPRX  0.83  0.21  0.06 (1.22) 0.75 
(0.95)
 2.03 
(1.64)
 6.28 
PGFIX  0.83  0.34  0.19 (23.63) 0.71 
(1.01)
 2.54 
(1.50)
 5.92 
ANVIX  0.64  0.07  0.06  0.21  0.53 
(0.74)
 1.73 
(1.12)
 5.05 
ANZCX  0.42  0.16  0.16  0.50  0.00 
(0.51)
 1.19 
(0.82)
 2.63 
ANZAX  0.43  0.23  0.17 (5.20) 0.00 
(0.52)
 1.19 
(0.81)
 2.61 
PGWCX  0.84  0.20  0.18  0.33  0.72 
(1.00)
 2.51 
(1.51)
 5.92 
PGWAX  0.83  0.34  0.19 (25.69) 0.71 
(1.01)
 2.54 
(1.50)
 5.92 
AOPAX  0.47  0.23  0.20 (10.26) 0.00 
(0.59)
 1.05 
(0.67)
 2.67 

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