Allianzgi Short Correlations

Mutual Funds USA . 
Fund . Allianzgi Short Duration
ASHCX Fund  USD 13.79  0.05  0.36%   
The current 90-days correlation between Allianzgi Short Duration and Sp Smallcap 600 is 0.3 (i.e., Weak diversification). The correlation of Allianzgi Short 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 Short Correlation With Market

Very weak diversification

The correlation between Allianzgi Short Duration and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Short Duration 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 Short Duration. 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 main economic indicators.

Moving together with Allianzgi Mutual Fund

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