Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Dividend
NFJEX Fund  USD 10.73  0.15  1.42%   
The current 90-days correlation between Allianzgi Nfj Dividend and Profunds Large Cap Growth is -0.17 (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

Very poor diversification

The correlation between Allianzgi Nfj Dividend and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Dividend and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Allianzgi Nfj Dividend. 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 income.

Moving together with Allianzgi Mutual Fund

  0.95ANJIX Allianzgi Nfj InternPairCorr
  0.97ANNPX Allianzgi ConvertiblePairCorr
  0.95ANPRX Allianzgi Nfj MidPairCorr
  0.96PGFIX Allianzgi Focused GrowthPairCorr
  1.0ANVIX Allianzgi Nfj LargePairCorr
  0.97ANZCX Allianzgi ConvertiblePairCorr
  0.96ANZAX Allianzgi ConvertiblePairCorr
  0.97PGWCX Allianzgi Focused GrowthPairCorr
  0.96PGWAX Allianzgi Focused GrowthPairCorr
  0.92AOPAX Allianzgi InternationalPairCorr
  0.92AOPCX Allianzgi InternationalPairCorr
  0.96AOTCX Allianzgi EmergingPairCorr
  0.95RAGTX Allianzgi TechnologyPairCorr
  0.96ASCFX Allianzgi Small CapPairCorr
  0.95ASHIX Allianzgi Short DurationPairCorr
  0.93ASHAX Allianzgi Short DurationPairCorr
  0.93ASHCX Allianzgi Short DurationPairCorr
  0.95RCGTX Allianzgi TechnologyPairCorr
  0.95PNBAX Allianzgi Nfj LargePairCorr
  0.97PNBCX Allianzgi Nfj LargePairCorr
  0.96DRGTX Allianzgi TechnologyPairCorr
  0.96DRMCX Allianzgi Mid CapPairCorr
  0.92AWTAX Allianzgi Global WaterPairCorr
  0.94AWTCX Allianzgi Global WaterPairCorr
  0.94AWTIX Allianzgi Global WaterPairCorr
  0.97RGLIX Allianzgi Global NaturalPairCorr
  0.89RGSCX Allianzgi Global SmallPairCorr
  0.88RGSAX Allianzgi Global SmallPairCorr
  0.92PQNCX Allianzgi Nfj MidPairCorr
  0.98PQNAX Allianzgi Nfj MidPairCorr
  0.98PRNIX Allianzgi Nfj MidPairCorr
  0.94AZMIX Allianzgi Nfj EmergingPairCorr
  0.94AZMCX Allianzgi Nfj EmergingPairCorr
  0.94AZMAX Allianzgi Nfj EmergingPairCorr
  0.97AZNIX Allianzgi Income GrowthPairCorr
  0.96PALAX Allianzgi Global AllPairCorr

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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