Allianzgi Global Correlations

Mutual Funds . USA . 
Fund . Allianzgi Global Small Cap
RGSAX Fund  USD 35.03  0.17  0.49%   
The current 90-days correlation between Allianzgi Global Small and American Funds Smallcap is 0.91 (i.e., Almost no 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 poor diversification

The correlation between Allianzgi Global Small Cap and DJI is 0.86 (i.e., Very poor 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

  0.81ANJIX Allianzgi Nfj InternPairCorr
  0.79ANNPX Allianzgi ConvertiblePairCorr
  0.67ANPRX Allianzgi Nfj MidPairCorr
  0.75PGFIX Allianzgi Focused GrowthPairCorr
  0.85ANZCX Allianzgi ConvertiblePairCorr
  0.86ANZAX Allianzgi ConvertiblePairCorr
  0.82PGWCX Allianzgi Focused GrowthPairCorr
  0.75PGWAX Allianzgi Focused GrowthPairCorr
  0.86AOPAX Allianzgi InternationalPairCorr
  0.87AOPCX Allianzgi InternationalPairCorr
  0.84AOTIX Allianzgi EmergingPairCorr
  0.94AOTAX Allianzgi EmergingPairCorr
  0.93AOTCX Allianzgi EmergingPairCorr
  0.82RAGTX Allianzgi TechnologyPairCorr
  0.75ASCFX Allianzgi Small CapPairCorr
  0.73ASHIX Allianzgi Short DurationPairCorr
  0.81ASHAX Allianzgi Short DurationPairCorr
  0.72ASHCX Allianzgi Short DurationPairCorr
  0.81RCGTX Allianzgi TechnologyPairCorr
  0.75DRGTX Allianzgi TechnologyPairCorr
  0.87DRMCX Allianzgi Mid CapPairCorr
  0.79AWTAX Allianzgi Global WaterPairCorr
  0.79AWTCX Allianzgi Global WaterPairCorr
  0.86AWTIX Allianzgi Global WaterPairCorr
  0.92AFJAX Allianzgi Nfj InternPairCorr
  0.81AFJCX Allianzgi Nfj InternPairCorr
  0.9RGLIX Allianzgi Global NaturalPairCorr
  1.0RGSCX Allianzgi Global SmallPairCorr
  0.67PQNAX Allianzgi Nfj MidPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FSWFX  1.14  0.04  0.00 (0.05) 0.00 
 0.00 
 2.17 
(2.22)
 9.09 
FSFWX  1.14  0.04  0.00 (0.04) 0.00 
 0.00 
 2.18 
(2.22)
 9.09 
SCWCX  1.14  0.04  0.00 (0.05) 0.00 
 0.00 
 2.17 
(2.22)
 9.12 
SCWFX  1.14  0.04  0.00 (0.05) 0.00 
 0.00 
 2.18 
(2.21)
 9.10 
SMCWX  1.12 (0.01) 0.05  0.15  1.63 
(1.12)
 2.18 
(2.22)
 9.10 
CSPFX  1.14  0.04  0.00 (0.05) 0.00 
 0.00 
 2.17 
(2.21)
 9.09 
CSPAX  1.12 (0.01) 0.05  0.15  1.63 
(1.13)
 2.18 
(2.21)
 9.12 
CSPEX  1.14  0.04  0.00 (0.05) 0.00 
 0.00 
 2.17 
(2.21)
 9.10 
RSLCX  1.14  0.04  0.00 (0.05) 0.00 
 0.00 
 2.17 
(2.22)
 9.12 
RLLGX  1.12 (0.01) 0.05  0.12  1.63 
(1.13)
 2.18 
(2.22)
 9.11 

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