Allianzgi Global Correlations

Mutual Funds . USA . 
Fund . Allianzgi Global Small Cap
RGSAX Fund  USD 35.07  0.31  0.88%   
The current 90-days correlation between Allianzgi Global Small and Barings Global Floating is 0.18 (i.e., Average diversification). The correlation of Allianzgi Global 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 Global Correlation With Market

Very good diversification

The correlation between Allianzgi Global Small Cap and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Global Small 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 Global Small 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 nation.

Moving together with Allianzgi Mutual Fund

  0.95ANJIX Allianzgi Nfj InternPairCorr
  0.93ANNPX Allianzgi ConvertiblePairCorr
  0.94ANPRX Allianzgi Nfj MidPairCorr
  0.93PGFIX Allianzgi Focused GrowthPairCorr
  0.87ANVIX Allianzgi Nfj LargePairCorr
  0.91ANZCX Allianzgi ConvertiblePairCorr
  0.94ANZAX Allianzgi ConvertiblePairCorr
  0.9PGWCX Allianzgi Focused GrowthPairCorr
  0.9PGWAX Allianzgi Focused GrowthPairCorr
  0.95AOPAX Allianzgi InternationalPairCorr
  0.95AOPCX Allianzgi InternationalPairCorr
  0.95AOTIX Allianzgi EmergingPairCorr
  0.95AOTAX Allianzgi EmergingPairCorr
  0.93AOTCX Allianzgi EmergingPairCorr
  0.71RAGHX Allianzgi Health SciencesPairCorr
  0.93RAGTX Allianzgi TechnologyPairCorr
  0.71HLHIX Allianzgi Health SciencesPairCorr
  0.96ASCFX Allianzgi Small CapPairCorr
  0.91ASHIX Allianzgi Short DurationPairCorr
  0.94ASHAX Allianzgi Short DurationPairCorr
  0.94ASHCX Allianzgi Short DurationPairCorr
  0.69RCGHX Allianzgi Health SciencesPairCorr
  0.93RCGTX Allianzgi TechnologyPairCorr
  0.91PNBAX Allianzgi Nfj LargePairCorr
  0.91PNBCX Allianzgi Nfj LargePairCorr
  0.9PNECX Allianzgi Nfj DividendPairCorr
  0.91PNEAX Allianzgi Nfj DividendPairCorr
  0.87NFJEX Allianzgi Nfj DividendPairCorr
  0.93DRGTX Allianzgi TechnologyPairCorr
  0.94DRMCX Allianzgi Mid CapPairCorr
  0.97AWTAX Allianzgi Global WaterPairCorr
  0.97AWTCX Allianzgi Global WaterPairCorr
  0.97AWTIX Allianzgi Global WaterPairCorr
  0.95AFJAX Allianzgi Nfj InternPairCorr
  0.95AFJCX Allianzgi Nfj InternPairCorr
  0.93RGLIX Allianzgi Global NaturalPairCorr
  1.0RGSCX Allianzgi Global SmallPairCorr
  0.94PQNCX Allianzgi Nfj MidPairCorr
  0.94PQNAX 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 Global 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 Global'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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