Allianzgi Technology Correlations

RCGTX Fund

USD 15.20 0.04 0.26%

The current 90-days correlation between Allianzgi Technology and Allianzgi Technology Fund is 0.2 (i.e., Modest diversification). The correlation of Allianzgi Technology 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 Technology Correlation With Market

Average diversification

The correlation between Allianzgi Technology Fund and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Technology Fund 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 Technology Fund. 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 estimate.

Moving together with Allianzgi Mutual Fund

0.7	VVPR	VivoPower International Tech Boost	Pair Corr
0.92	DBD	Diebold Nixdorf,	Pair Corr
0.61	GENVR	Gen Digital Contingent	Pair Corr
0.65	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.74	BULLW	Webull Warrants Trending	Pair Corr
0.62	JNPR	Juniper Networks	Pair Corr
0.68	MIND	Mind Technology	Pair Corr
0.89	HPE-PC	Hewlett Packard Ente	Pair Corr
0.9	CORZZ	Core Scientific, Tranche	Pair Corr
0.69	RZLVW	Rezolve AI Limited	Pair Corr
0.81	SATX	SatixFy Communications	Pair Corr
0.97	ANJIX	Allianzgi Nfj Intern	Pair Corr
0.95	ANPRX	Allianzgi Nfj Mid	Pair Corr

Moving against Allianzgi Mutual Fund

0.84	HPAIW	Helport AI Limited	Pair Corr
0.78	VISL	Vislink Technologies	Pair Corr
0.68	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.59	APCXW	AppTech Payments Corp	Pair Corr
0.36	VBIX	Viewbix Common Stock	Pair Corr
0.71	APCX	Apptech Corp	Pair Corr
0.71	SMTK	SmartKem, Common Stock	Pair Corr
0.49	AXIL	AXIL Brands, Trending	Pair Corr
0.45	SLNHP	Soluna Holdings Preferred	Pair Corr

Related Correlations Analysis

	RAGTX	PGWCX	CTHCX	FELCX	FELTX
RAGTX		0.68	0.99	0.67	0.75	RAGTX
PGWCX	0.68		0.7	0.99	0.87	PGWCX
CTHCX	0.99	0.7		0.69	0.75	CTHCX
FELCX	0.67	0.99	0.69		0.88	FELCX
FELTX	0.75	0.87	0.75	0.88		FELTX
	RAGTX	PGWCX	CTHCX	FELCX	FELTX

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Risk-Adjusted Indicators

There is a big difference between Allianzgi Mutual Fund performing well and Allianzgi Technology 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 Technology'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RAGTX	1.01	0.44	0.27	(15.07)	0.66	(1.26)	2.87	(1.42)	7.49
PGWCX	0.77	0.35	0.42	0.58	0.00	(1.02)	2.51	(1.11)	5.92
CTHCX	0.96	0.41	0.26	2.86	0.68	(1.15)	2.55	(1.50)	6.59
FELCX	1.38	0.64	0.53	0.76	0.45	(1.81)	3.99	(1.57)	9.81
FELTX	1.37	0.74	0.52	3.64	0.45	(1.78)	3.98	(1.58)	9.81

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