Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Small Cap
PCVAX Fund  USD 11.56  0.05  0.43%   
The current 90-days correlation between Allianzgi Nfj Small and Intermediate Term Tax Free Bond is 0.13 (i.e., Average 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

Poor diversification

The correlation between Allianzgi Nfj Small Cap and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Small Cap 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 Nfj Small Cap. 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

  0.93ANJIX Allianzgi Nfj InternPairCorr
  0.96ANNPX Allianzgi ConvertiblePairCorr
  0.99ANPRX Allianzgi Nfj MidPairCorr
  0.95PGFIX Allianzgi Focused GrowthPairCorr
  0.98ANVIX Allianzgi Nfj LargePairCorr
  0.96ANZCX Allianzgi ConvertiblePairCorr
  0.96ANZAX Allianzgi ConvertiblePairCorr
  0.95PGWCX Allianzgi Focused GrowthPairCorr
  0.95PGWAX Allianzgi Focused GrowthPairCorr
  0.88AOPAX Allianzgi InternationalPairCorr
  0.88AOPCX Allianzgi InternationalPairCorr
  0.95AOTIX Allianzgi EmergingPairCorr
  0.95AOTAX Allianzgi EmergingPairCorr
  0.95AOTCX Allianzgi EmergingPairCorr
  0.94RAGTX Allianzgi TechnologyPairCorr
  0.97ASCFX Allianzgi Small CapPairCorr
  0.92ASHIX Allianzgi Short DurationPairCorr
  0.94ASHAX Allianzgi Short DurationPairCorr
  0.94ASHCX Allianzgi Short DurationPairCorr
  0.94RCGTX Allianzgi TechnologyPairCorr
  0.98PNBAX Allianzgi Nfj LargePairCorr
  0.98PNBCX Allianzgi Nfj LargePairCorr
  0.98PNECX Allianzgi Nfj DividendPairCorr
  0.98PNEAX Allianzgi Nfj DividendPairCorr
  0.98NFJEX Allianzgi Nfj DividendPairCorr
  0.94DRGTX Allianzgi TechnologyPairCorr
  0.95DRMCX Allianzgi Mid CapPairCorr
  0.92AWTAX Allianzgi Global WaterPairCorr
  0.92AWTCX Allianzgi Global WaterPairCorr
  0.92AWTIX Allianzgi Global WaterPairCorr
  0.93AFJAX Allianzgi Nfj InternPairCorr
  0.93AFJCX Allianzgi Nfj InternPairCorr
  0.95RGLIX Allianzgi Global NaturalPairCorr
  0.91RGSCX Allianzgi Global SmallPairCorr
  0.92RGSAX Allianzgi Global SmallPairCorr
  0.99PQNCX Allianzgi Nfj MidPairCorr
  0.99PQNAX 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 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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