Allianzgi Small-cap Correlations

Mutual Funds . USA . 
Fund . Allianzgi Small Cap Blend
AZBIX Fund  USD 23.55  0.07  0.30%   
The current 90-days correlation between Allianzgi Small Cap and Allianzgi Nfj International is 0.36 (i.e., 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.

Allianzgi Small-cap Correlation With Market

Very poor diversification

The correlation between Allianzgi Small Cap Blend and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Small Cap Blend 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 Small Cap Blend. 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

  0.95ANJIX Allianzgi Nfj InternPairCorr
  0.97ANNPX Allianzgi ConvertiblePairCorr
  0.97ANPRX Allianzgi Nfj MidPairCorr
  0.98PGFIX Allianzgi Focused GrowthPairCorr
  0.97ANVIX Allianzgi Nfj LargePairCorr
  0.98ANZCX Allianzgi ConvertiblePairCorr
  0.98ANZAX Allianzgi ConvertiblePairCorr
  0.98PGWCX Allianzgi Focused GrowthPairCorr
  0.98PGWAX Allianzgi Focused GrowthPairCorr
  0.94AOPAX Allianzgi InternationalPairCorr
  0.94AOPCX Allianzgi InternationalPairCorr
  0.97AOTIX Allianzgi EmergingPairCorr
  0.97AOTAX Allianzgi EmergingPairCorr
  0.97AOTCX Allianzgi EmergingPairCorr
  0.98RAGTX Allianzgi TechnologyPairCorr
  1.0ASCFX Allianzgi Small CapPairCorr
  0.96ASHIX Allianzgi Short DurationPairCorr
  0.98ASHAX Allianzgi Short DurationPairCorr
  0.98ASHCX Allianzgi Short DurationPairCorr
  0.98RCGTX Allianzgi TechnologyPairCorr
  0.97PNBCX Allianzgi Nfj LargePairCorr
  0.96PNECX Allianzgi Nfj DividendPairCorr
  0.97PNEAX Allianzgi Nfj DividendPairCorr
  0.96NFJEX Allianzgi Nfj DividendPairCorr
  0.98DRGTX Allianzgi TechnologyPairCorr
  0.99DRMCX Allianzgi Mid CapPairCorr
  0.96AWTAX Allianzgi Global WaterPairCorr
  0.96AWTCX Allianzgi Global WaterPairCorr
  0.96AWTIX Allianzgi Global WaterPairCorr
  0.95AFJAX Allianzgi Nfj InternPairCorr
  0.95AFJCX Allianzgi Nfj InternPairCorr
  0.99RGLIX Allianzgi Global NaturalPairCorr
  0.96RGSCX Allianzgi Global SmallPairCorr
  0.97RGSAX Allianzgi Global SmallPairCorr
  0.97PQNCX Allianzgi Nfj MidPairCorr
  0.97PQNAX Allianzgi Nfj MidPairCorr
  0.97PRNIX 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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ANJIX  0.55  0.18  0.13  0.71  0.31 
(0.65)
 1.06 
(0.95)
 5.55 
ANNPX  0.43  0.16  0.17  0.52  0.00 
(0.54)
 1.18 
(0.81)
 2.61 
ANPRX  0.81  0.05  0.04  0.18  0.75 
(0.93)
 2.03 
(1.64)
 6.28 
PGFIX  0.84  0.20  0.19  0.33  0.71 
(1.00)
 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  0.42  0.15  0.15  0.49  0.00 
(0.50)
 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  0.84  0.20  0.18  0.33  0.71 
(1.00)
 2.54 
(1.50)
 5.92 
AOPAX  0.45  0.19  0.14  2.29  0.00 
(0.55)
 1.05 
(0.67)
 2.15 

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