Allianzgi Global Correlations

Mutual Funds . USA . 
Fund . Allianzgi Global Small Cap
RGSCX Fund  USD 24.21  0.01  0.04%   
The current 90-days correlation between Allianzgi Global Small and Fabwx is -0.08 (i.e., Good 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

Good diversification

The correlation between Allianzgi Global Small 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 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 main economic indicators.

Moving together with Allianzgi Mutual Fund

  0.91ANJIX Allianzgi Nfj InternPairCorr
  0.92ANNPX Allianzgi ConvertiblePairCorr
  0.93ANPRX Allianzgi Nfj MidPairCorr
  0.93PGFIX Allianzgi Focused GrowthPairCorr
  0.9ANVIX Allianzgi Nfj LargePairCorr
  0.92ANZCX Allianzgi ConvertiblePairCorr
  0.93ANZAX Allianzgi ConvertiblePairCorr
  0.92PGWCX Allianzgi Focused GrowthPairCorr
  0.93PGWAX Allianzgi Focused GrowthPairCorr
  0.91AOPAX Allianzgi InternationalPairCorr
  0.91AOPCX Allianzgi InternationalPairCorr
  0.92AOTIX Allianzgi EmergingPairCorr
  0.92AOTAX Allianzgi EmergingPairCorr
  0.9AOTCX Allianzgi EmergingPairCorr
  0.94RAGTX Allianzgi TechnologyPairCorr
  0.94ASCFX Allianzgi Small CapPairCorr
  0.91ASHIX Allianzgi Short DurationPairCorr
  0.94ASHAX Allianzgi Short DurationPairCorr
  0.94ASHCX Allianzgi Short DurationPairCorr
  0.94RCGTX Allianzgi TechnologyPairCorr
  0.91PNBAX Allianzgi Nfj LargePairCorr
  0.9PNBCX Allianzgi Nfj LargePairCorr
  0.89PNECX Allianzgi Nfj DividendPairCorr
  0.9PNEAX Allianzgi Nfj DividendPairCorr
  0.9NFJEX Allianzgi Nfj DividendPairCorr
  0.93DRGTX Allianzgi TechnologyPairCorr
  0.93DRMCX Allianzgi Mid CapPairCorr
  0.94AWTAX Allianzgi Global WaterPairCorr
  0.94AWTCX Allianzgi Global WaterPairCorr
  0.94AWTIX Allianzgi Global WaterPairCorr
  0.92AFJAX Allianzgi Nfj InternPairCorr
  0.91AFJCX Allianzgi Nfj InternPairCorr
  0.94RGLIX Allianzgi Global NaturalPairCorr
  1.0RGSAX Allianzgi Global SmallPairCorr
  0.93PQNCX Allianzgi Nfj MidPairCorr
  0.93PQNAX 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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