Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Large Cap
ANVIX Fund  USD 28.27  0.01  0.04%   
The current 90-days correlation between Allianzgi Nfj Large and Gmo Emerging Markets is -0.05 (i.e., Good 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

Almost no diversification

The correlation between Allianzgi Nfj Large Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Large 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 Large 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 gross domestic product.

Moving together with Allianzgi Mutual Fund

  0.96ANJIX Allianzgi Nfj InternPairCorr
  0.98ANNPX Allianzgi ConvertiblePairCorr
  0.95ANPRX Allianzgi Nfj MidPairCorr
  0.97PGFIX Allianzgi Focused GrowthPairCorr
  0.98ANZCX Allianzgi ConvertiblePairCorr
  0.97ANZAX Allianzgi ConvertiblePairCorr
  0.98PGWCX Allianzgi Focused GrowthPairCorr
  0.97PGWAX Allianzgi Focused GrowthPairCorr
  0.92AOPAX Allianzgi InternationalPairCorr
  0.92AOPCX Allianzgi InternationalPairCorr
  0.97AOTIX Allianzgi EmergingPairCorr
  0.97AOTAX Allianzgi EmergingPairCorr
  0.97AOTCX Allianzgi EmergingPairCorr
  0.96RAGTX Allianzgi TechnologyPairCorr
  0.97ASCFX Allianzgi Small CapPairCorr
  0.96ASHIX Allianzgi Short DurationPairCorr
  0.96ASHAX Allianzgi Short DurationPairCorr
  0.96ASHCX Allianzgi Short DurationPairCorr
  0.97RCGTX Allianzgi TechnologyPairCorr
  1.0PNBAX Allianzgi Nfj LargePairCorr
  1.0PNBCX Allianzgi Nfj LargePairCorr
  1.0PNECX Allianzgi Nfj DividendPairCorr
  0.97PNEAX Allianzgi Nfj DividendPairCorr
  1.0NFJEX Allianzgi Nfj DividendPairCorr
  0.97DRGTX Allianzgi TechnologyPairCorr
  0.97DRMCX Allianzgi Mid CapPairCorr
  0.92AWTAX Allianzgi Global WaterPairCorr
  0.93AWTCX Allianzgi Global WaterPairCorr
  0.94AWTIX Allianzgi Global WaterPairCorr
  0.96AFJAX Allianzgi Nfj InternPairCorr
  0.96AFJCX Allianzgi Nfj InternPairCorr
  0.97RGLIX Allianzgi Global NaturalPairCorr
  0.9RGSCX Allianzgi Global SmallPairCorr
  0.91RGSAX Allianzgi Global SmallPairCorr
  0.98PQNCX Allianzgi Nfj MidPairCorr
  0.95PQNAX 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.

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