Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Mid Cap
PRNIX Fund  USD 30.01  0.14  0.47%   
The current 90-days correlation between Allianzgi Nfj Mid and Allianzgi Nfj Mid Cap is 0.99 (i.e., No risk reduction). 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

Very poor diversification

The correlation between Allianzgi Nfj Mid Cap 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 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 gross domestic product.

Moving together with Allianzgi Mutual Fund

  1.0ANPRX Allianzgi Nfj MidPairCorr
  0.87ANVIX Allianzgi Nfj LargePairCorr
  0.62ASCFX Allianzgi Small CapPairCorr
  0.87PNBAX Allianzgi Nfj LargePairCorr
  0.89PNBCX Allianzgi Nfj LargePairCorr
  0.83PNECX Allianzgi Nfj DividendPairCorr
  0.82PNEAX Allianzgi Nfj DividendPairCorr
  0.82NFJEX Allianzgi Nfj DividendPairCorr
  1.0PQNCX Allianzgi Nfj MidPairCorr
  1.0PQNAX Allianzgi Nfj MidPairCorr

Related Correlations Analysis


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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PQNAX  0.73 (0.10)(0.09) 0.00  0.87 
(0.84)
 1.69 
(1.09)
 6.76 
SVOAX  0.40 (0.03)(0.12) 0.02  0.42 
(0.49)
 0.94 
(0.79)
 2.40 
SUSYX  0.39 (0.03)(0.12) 0.02  0.40 
(0.52)
 0.94 
(0.79)
 2.47 
SEVIX  0.39 (0.03)(0.12) 0.02  0.42 
(0.50)
 0.94 
(0.79)
 2.47 
TCVAX  0.60 (0.05)(0.06) 0.03  0.66 
(0.75)
 1.48 
(0.97)
 4.58 
IDIVX  0.41  0.04  0.02  0.14  0.38 
(0.48)
 1.05 
(0.75)
 2.67 
LCRIX  0.33  0.05  0.01  0.17  0.20 
(0.36)
 0.76 
(0.57)
 1.93 
CSVAX  0.53  0.01 (0.01) 0.09  0.71 
(0.51)
 1.17 
(1.23)
 3.50 
DHLTX  0.72 (0.03)(0.02) 0.05  0.77 
(0.84)
 1.54 
(1.33)
 5.87 
HRCUX  0.67  0.08  0.08  0.16  0.79 
(0.75)
 1.43 
(1.11)
 5.27 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY