Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Dividend
PNEAX Fund  USD 10.45  0.02  0.19%   
The current 90-days correlation between Allianzgi Nfj Dividend and Gmo Resources is 0.12 (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

Good diversification

The correlation between Allianzgi Nfj Dividend and DJI is -0.06 (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 Your Equity Center 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 nation.

Moving together with Allianzgi Mutual Fund

  0.95ANJIX Allianzgi Nfj InternPairCorr
  0.97ANNPX Allianzgi ConvertiblePairCorr
  0.98ANPRX Allianzgi Nfj MidPairCorr
  0.97PGFIX Allianzgi Focused GrowthPairCorr
  0.97ANVIX Allianzgi Nfj LargePairCorr
  0.96ANZCX Allianzgi ConvertiblePairCorr
  0.97ANZAX Allianzgi ConvertiblePairCorr
  0.96PGWCX Allianzgi Focused GrowthPairCorr
  0.97PGWAX Allianzgi Focused GrowthPairCorr
  0.92AOPAX Allianzgi InternationalPairCorr
  0.91AOPCX Allianzgi InternationalPairCorr
  0.95AOTIX Allianzgi EmergingPairCorr
  0.95AOTAX Allianzgi EmergingPairCorr
  0.94AOTCX Allianzgi EmergingPairCorr
  0.69RAGTX Allianzgi TechnologyPairCorr
  0.94ASCFX Allianzgi Small CapPairCorr
  0.94ASHIX Allianzgi Short DurationPairCorr
  0.95ASHAX Allianzgi Short DurationPairCorr
  0.95ASHCX Allianzgi Short DurationPairCorr
  0.95RCGTX Allianzgi TechnologyPairCorr
  0.97PNBAX Allianzgi Nfj LargePairCorr
  0.97PNBCX Allianzgi Nfj LargePairCorr
  0.97PNECX Allianzgi Nfj DividendPairCorr
  0.97NFJEX Allianzgi Nfj DividendPairCorr
  0.95DRGTX Allianzgi TechnologyPairCorr
  0.95DRMCX Allianzgi Mid CapPairCorr
  0.93AWTAX Allianzgi Global WaterPairCorr
  0.9AWTCX Allianzgi Global WaterPairCorr
  0.91AWTIX Allianzgi Global WaterPairCorr
  0.95AFJAX Allianzgi Nfj InternPairCorr
  0.95AFJCX Allianzgi Nfj InternPairCorr
  0.95RGLIX Allianzgi Global NaturalPairCorr
  0.88RGSCX Allianzgi Global SmallPairCorr
  0.88RGSAX Allianzgi Global SmallPairCorr
  0.94PQNCX Allianzgi Nfj MidPairCorr
  0.98PQNAX 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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