Allianzgi Nfj Correlations

NFJEX Fund

USD 10.74 0.02 0.19%

The current 90-days correlation between Allianzgi Nfj Dividend and Dreyfusstandish Global Fixed is 0.06 (i.e., Significant 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

Good diversification

The correlation between Allianzgi Nfj Dividend and DJI is -0.11 (i.e., Good 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 interest.

Moving together with Allianzgi Mutual Fund

0.73	ANJIX	Allianzgi Nfj Intern	Pair Corr
0.68	ANNPX	Allianzgi Convertible	Pair Corr
0.69	ANPRX	Allianzgi Nfj Mid	Pair Corr
0.64	PGFIX	Allianzgi Focused Growth	Pair Corr
0.86	ANVIX	Allianzgi Nfj Large	Pair Corr
0.68	ANZCX	Allianzgi Vertible	Pair Corr
0.69	ANZAX	Allianzgi Vertible	Pair Corr
0.64	PGWCX	Allianzgi Focused Growth	Pair Corr
0.66	PGWAX	Allianzgi Focused Growth	Pair Corr
0.82	AOPAX	Allianzgi International	Pair Corr
0.78	AOPCX	Allianzgi International	Pair Corr
0.64	AOTIX	Allianzgi Emerging	Pair Corr
0.65	AOTAX	Allianzgi Emerging	Pair Corr
0.64	AOTCX	Allianzgi Emerging	Pair Corr
0.88	ASCFX	Allianzgi Small Cap	Pair Corr
0.9	ASHIX	Allianzgi Short Duration	Pair Corr
0.9	ASHAX	Allianzgi Short Duration	Pair Corr
0.91	ASHCX	Allianzgi Short Duration	Pair Corr
0.98	PNBAX	Allianzgi Nfj Large	Pair Corr
0.85	PNBCX	Allianzgi Nfj Large	Pair Corr
0.88	PNEAX	Allianzgi Nfj Dividend	Pair Corr
0.65	DRMCX	Allianzgi Mid Cap	Pair Corr
0.73	AFJAX	Allianzgi Nfj Intern	Pair Corr
0.73	AFJCX	Allianzgi Nfj Intern	Pair Corr
0.66	PQNCX	Allianzgi Nfj Mid	Pair Corr
0.83	PQNAX	Allianzgi Nfj Mid	Pair Corr
0.69	PRNIX	Allianzgi Nfj Mid	Pair Corr
0.88	AZBIX	Allianzgi Small Cap	Pair Corr

Moving against Allianzgi Mutual Fund

0.32	RGSCX	Allianzgi Global Small	Pair Corr
0.31	DGSCX	Allianzgi Global Small	Pair Corr

Related Correlations Analysis

	DHGAX	GLOIX	LFLCX	MFIRX	DODWX	CBSYX	ARTRX
DHGAX		0.93	0.94	0.95	0.83	0.95	0.88	DHGAX
GLOIX	0.93		0.93	0.96	0.92	0.96	0.91	GLOIX
LFLCX	0.94	0.93		0.95	0.86	0.91	0.86	LFLCX
MFIRX	0.95	0.96	0.95		0.91	0.96	0.89	MFIRX
DODWX	0.83	0.92	0.86	0.91		0.91	0.89	DODWX
CBSYX	0.95	0.96	0.91	0.96	0.91		0.96	CBSYX
ARTRX	0.88	0.91	0.86	0.89	0.89	0.96		ARTRX
	DHGAX	GLOIX	LFLCX	MFIRX	DODWX	CBSYX	ARTRX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DHGAX	0.14	0.02	(0.48)	0.93	0.00	(0.17)	0.35	(0.25)	0.99
GLOIX	0.57	0.11	0.07	0.34	0.55	(0.61)	1.28	(1.15)	3.12
LFLCX	0.16	0.03	(0.39)	(1.77)	0.00	(0.20)	0.33	(0.22)	0.86
MFIRX	0.13	0.03	(0.29)	0.55	0.00	(0.24)	0.37	(0.19)	0.76
DODWX	0.47	0.00	(0.03)	0.10	0.56	(0.54)	0.99	(1.04)	3.73
CBSYX	0.31	0.03	(0.06)	0.18	0.16	(0.36)	0.80	(0.52)	2.27
ARTRX	0.62	(0.02)	(0.03)	0.09	0.77	(0.66)	1.20	(1.17)	4.29

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