Allianzgi Global Correlations

Mutual Funds . USA . 
Fund . Allianzgi Global Allocation
PALCX Fund  USD 11.69  0.04  0.34%   
The current 90-days correlation between Allianzgi Global All and Lsv Small Cap is 0.69 (i.e., Poor diversification). The correlation of Allianzgi Global 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 Global Correlation With Market

Very poor diversification

The correlation between Allianzgi Global Allocation and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Global Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Allianzgi Global Allocation. 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 main economic indicators.

Moving together with Allianzgi Mutual Fund

  0.98ANJIX Allianzgi Nfj InternPairCorr
  0.98ANNPX Allianzgi ConvertiblePairCorr
  0.95ANPRX Allianzgi Nfj MidPairCorr
  0.99PGFIX Allianzgi Focused GrowthPairCorr
  0.97ANVIX Allianzgi Nfj LargePairCorr
  0.98ANZCX Allianzgi ConvertiblePairCorr
  0.98ANZAX Allianzgi ConvertiblePairCorr
  0.99PGWCX Allianzgi Focused GrowthPairCorr
  0.99PGWAX Allianzgi Focused GrowthPairCorr
  0.97AOPAX Allianzgi InternationalPairCorr
  0.97AOPCX Allianzgi InternationalPairCorr
  0.98AOTIX Allianzgi EmergingPairCorr
  0.98AOTAX Allianzgi EmergingPairCorr
  0.98AOTCX Allianzgi EmergingPairCorr
  0.99RAGTX Allianzgi TechnologyPairCorr
  0.98ASCFX Allianzgi Small CapPairCorr
  0.98ASHIX Allianzgi Short DurationPairCorr
  0.98ASHAX Allianzgi Short DurationPairCorr
  0.98ASHCX Allianzgi Short DurationPairCorr
  0.99RCGTX Allianzgi TechnologyPairCorr
  0.98PNBAX Allianzgi Nfj LargePairCorr
  0.97PNBCX Allianzgi Nfj LargePairCorr
  0.96PNECX Allianzgi Nfj DividendPairCorr
  0.96PNEAX Allianzgi Nfj DividendPairCorr
  0.96NFJEX Allianzgi Nfj DividendPairCorr
  0.99DRGTX Allianzgi TechnologyPairCorr
  0.99DRMCX Allianzgi Mid CapPairCorr
  0.98AWTAX Allianzgi Global WaterPairCorr
  0.98AWTCX Allianzgi Global WaterPairCorr
  0.98AWTIX Allianzgi Global WaterPairCorr
  0.98AFJAX Allianzgi Nfj InternPairCorr
  0.98AFJCX Allianzgi Nfj InternPairCorr
  0.99RGLIX Allianzgi Global NaturalPairCorr
  0.94RGSCX Allianzgi Global SmallPairCorr
  0.95RGSAX Allianzgi Global SmallPairCorr
  0.94PQNCX Allianzgi Nfj MidPairCorr
  0.95PQNAX Allianzgi Nfj MidPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Allianzgi Mutual Fund performing well and Allianzgi Global 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 Global'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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