Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Mid Cap
PQNCX Fund  USD 18.29  0.33  1.84%   
The current 90-days correlation between Allianzgi Nfj Mid and Jpmorgan Smartretirement 2035 is -0.07 (i.e., Good 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 Mid Cap and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Mid 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 Mid 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 main economic indicators.

Moving together with Allianzgi Mutual Fund

  0.95ANNPX Allianzgi ConvertiblePairCorr
  0.94RAGTX Allianzgi TechnologyPairCorr
  0.91AWTCX Allianzgi Global WaterPairCorr
  0.93AFJAX Allianzgi Nfj InternPairCorr
  0.93AFJCX Allianzgi Nfj InternPairCorr
  0.93RGLIX Allianzgi Global NaturalPairCorr
  0.92RGSAX Allianzgi Global SmallPairCorr
  0.95PRNIX Allianzgi Nfj MidPairCorr
  0.97AZBIX Allianzgi Small CapPairCorr
  0.93AZBCX Allianzgi Small CapPairCorr
  0.93AZMCX Allianzgi Nfj EmergingPairCorr
  0.96AZNCX Allianzgi Income GrowthPairCorr
  0.93PALCX Allianzgi Global AllPairCorr
  0.93PALLX Allianzgi Global AllPairCorr
  0.95PSVIX Allianzgi Nfj SmallPairCorr
  0.99PCVCX Allianzgi Nfj SmallPairCorr
  0.87ALOIX Allianzgi InternationalPairCorr
  0.94VMVAX Vanguard Mid CapPairCorr
  0.98JVMAX John Hancock DisciplinedPairCorr
  0.95JVMIX John Hancock DisciplinedPairCorr
  0.94VMVIX Vanguard Mid CapPairCorr
  0.93JMVZX Jpmorgan Mid CapPairCorr
  0.93JMVRX Jpmorgan Mid CapPairCorr
  0.93JMVQX Jpmorgan Mid CapPairCorr
  0.93JMVYX Jpmorgan Mid CapPairCorr
  0.99JMVPX Jpmorgan Mid CapPairCorr
  0.99VETAX Victory Sycamore EstPairCorr
  0.92PDI Pimco Dynamic IncomePairCorr
  0.88FTCAX Templeton Strained BondPairCorr
  0.99WFPAX Wells Fargo SpecialPairCorr

Moving against Allianzgi Mutual Fund

  0.94UIPIX Ultrashort Mid CapPairCorr
  0.93USPIX Profunds Ultrashort Potential GrowthPairCorr
  0.92USPSX Profunds Ultrashort Potential GrowthPairCorr
  0.65TCSUX Cleartrack 2020 ClassPairCorr
  0.64TCTGX Transamerica CleartrackPairCorr
  0.64TCTJX Transamerica CleartrackPairCorr
  0.63TDKTX Cleartrack 2015 ClassPairCorr

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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