Allianzgi Small-cap Correlations

AZBAX Fund

USD 24.62 0.01 0.04%

The current 90-days correlation between Allianzgi Small Cap and Federated Emerging Market is 0.42 (i.e., Very weak diversification). The correlation of Allianzgi Small-cap 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.

Check out Trending Equities to better understand how to build diversified portfolios. 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 nation.

Moving together with Allianzgi Mutual Fund

0.72	ASCFX	Allianzgi Small Cap	Pair Corr
0.61	DRMCX	Allianzgi Mid Cap	Pair Corr
0.88	AZBIX	Allianzgi Small Cap	Pair Corr
0.67	VSMAX	Vanguard Small Cap	Pair Corr
0.67	VSCIX	Vanguard Small Cap	Pair Corr
0.67	VSCPX	Vanguard Small Cap	Pair Corr
0.67	NAESX	Vanguard Small Cap	Pair Corr
0.61	FSSNX	Fidelity Small Cap	Pair Corr
0.61	DFSTX	Us Small Cap	Pair Corr
0.82	TRZVX	T Rowe Price	Pair Corr

Related Correlations Analysis

	EMDIX	SEDAX	AMTOX	FLAAX	DLTNX	FEMDX
EMDIX		0.98	0.93	0.97	0.87	0.99	EMDIX
SEDAX	0.98		0.94	0.96	0.9	0.98	SEDAX
AMTOX	0.93	0.94		0.94	0.92	0.9	AMTOX
FLAAX	0.97	0.96	0.94		0.94	0.93	FLAAX
DLTNX	0.87	0.9	0.92	0.94		0.85	DLTNX
FEMDX	0.99	0.98	0.9	0.93	0.85		FEMDX
	EMDIX	SEDAX	AMTOX	FLAAX	DLTNX	FEMDX

Risk-Adjusted Indicators

There is a big difference between Allianzgi Mutual Fund performing well and Allianzgi Small-cap 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 Small-cap'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EMDIX	0.19	0.06	(0.25)	(1.87)	0.00	(0.26)	0.46	(0.34)	1.06
SEDAX	0.19	0.05	(0.23)	0.45	0.00	(0.28)	0.55	(0.33)	1.09
AMTOX	0.41	0.05	0.00	0.20	0.40	(0.48)	1.26	(0.96)	3.40
FLAAX	0.11	0.04	(0.51)	(17.64)	0.00	(0.20)	0.40	(0.10)	0.82
DLTNX	0.17	0.03	(0.44)	2.45	0.00	(0.23)	0.45	(0.23)	0.90
FEMDX	0.15	0.06	(0.32)	(2.04)	0.00	(0.21)	0.39	(0.31)	0.86

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Allianzgi Small-cap Correlations

Moving together with Allianzgi Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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