Allianzgi Focused Correlations

Mutual Funds . USA . 
Fund . Allianzgi Focused Growth
PGWCX Fund  USD 35.90  0.01  0.03%   
The current 90-days correlation between Allianzgi Focused Growth and Davis Financial Fund is 0.12 (i.e., Average diversification). The correlation of Allianzgi Focused 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 Focused Correlation With Market

Poor diversification

The correlation between Allianzgi Focused Growth and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Focused Growth 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 Focused Growth. 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

  0.62ANJIX Allianzgi Nfj InternPairCorr
  0.81ANNPX Allianzgi ConvertiblePairCorr
  0.7PGFIX Allianzgi Focused GrowthPairCorr
  0.98ANVIX Allianzgi Nfj LargePairCorr
  0.85ANZCX Allianzgi ConvertiblePairCorr
  0.81ANZAX Allianzgi ConvertiblePairCorr
  1.0PGWAX Allianzgi Focused GrowthPairCorr
  0.61AOTIX Allianzgi EmergingPairCorr
  0.61AOTCX Allianzgi EmergingPairCorr
  0.68RAGTX Allianzgi TechnologyPairCorr
  0.61ASCFX Allianzgi Small CapPairCorr
  0.61ASHIX Allianzgi Short DurationPairCorr
  0.62ASHCX Allianzgi Short DurationPairCorr
  0.69RCGTX Allianzgi TechnologyPairCorr
  0.69PNBAX Allianzgi Nfj LargePairCorr
  0.69PNBCX Allianzgi Nfj LargePairCorr
  0.7PNECX Allianzgi Nfj DividendPairCorr
  0.67PNEAX Allianzgi Nfj DividendPairCorr
  0.7NFJEX Allianzgi Nfj DividendPairCorr
  0.99DRGTX Allianzgi TechnologyPairCorr
  0.83DRMCX Allianzgi Mid CapPairCorr
  0.94AWTAX Allianzgi Global WaterPairCorr
  0.78AWTCX Allianzgi Global WaterPairCorr
  0.95AWTIX Allianzgi Global WaterPairCorr
  0.61AFJAX Allianzgi Nfj InternPairCorr
  0.61AFJCX Allianzgi Nfj InternPairCorr
  0.83RGLIX Allianzgi Global NaturalPairCorr
  0.77RGSCX Allianzgi Global SmallPairCorr
  0.62PQNCX Allianzgi Nfj MidPairCorr
  0.95PQNAX Allianzgi Nfj MidPairCorr
  0.95PRNIX 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 Focused 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 Focused'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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