Allianzgi Short Correlations

Mutual Funds USA . 
Fund . Allianzgi Short Duration
ASHIX Fund  USD 13.60  0.02  0.15%   
The current 90-days correlation between Allianzgi Short Duration and Allianzgi Nfj International is 0.01 (i.e., Significant 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 0.45 (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 gross domestic product.

Moving together with Allianzgi Mutual Fund

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

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
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 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY