Allianzgi Emerging Correlations
| AEMOX Fund | USD 28.53 0.16 0.56% |
The current 90-days correlation between Allianzgi Emerging and Legg Mason Global is 0.41 (i.e., Very weak diversification). The correlation of Allianzgi Emerging 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 Emerging Correlation With Market
Significant diversification
The correlation between Allianzgi Emerging Markets and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Allianzgi |
Moving together with Allianzgi Mutual Fund
| 0.62 | AGASX | Allianzgi Global All | PairCorr |
| 0.76 | AIISX | Allianzgi International | PairCorr |
| 0.63 | VEMAX | Vanguard Emerging Markets | PairCorr |
| 0.63 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.63 | VEMIX | Vanguard Emerging Markets | PairCorr |
| 0.63 | VEMRX | Vanguard Emerging Markets | PairCorr |
| 0.77 | FWWNX | American Funds New | PairCorr |
| 0.77 | FNFWX | American Funds New | PairCorr |
| 0.87 | NEWFX | New World Fund | PairCorr |
| 0.77 | NWFFX | New World Fund | PairCorr |
| 0.77 | NEWCX | New World Fund | PairCorr |
| 0.66 | ODVYX | Oppenheimer Developing | PairCorr |
| 0.66 | BLSCX | Blackrock Emerging | PairCorr |
Related Correlations Analysis
| 0.89 | 0.51 | 0.72 | 0.65 | LFLCX | ||
| 0.89 | 0.48 | 0.65 | 0.64 | TEDIX | ||
| 0.51 | 0.48 | 0.85 | 0.95 | TADGX | ||
| 0.72 | 0.65 | 0.85 | 0.92 | GARGX | ||
| 0.65 | 0.64 | 0.95 | 0.92 | PHTTX | ||
| 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 Emerging 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 Emerging'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LFLCX | 0.18 | 0.01 | 0.03 | (0.37) | 0.14 | 0.43 | 0.98 | |||
| TEDIX | 0.65 | 0.00 | 0.00 | 0.00 | 1.60 | 1.01 | 7.35 | |||
| TADGX | 0.63 | 0.00 | 0.00 | 0.00 | 0.82 | 1.06 | 3.18 | |||
| GARGX | 0.80 | (0.01) | 0.00 | (0.02) | 0.00 | 1.48 | 4.42 | |||
| PHTTX | 0.35 | (0.01) | 0.00 | (0.03) | 0.00 | 0.67 | 1.95 |