Allianzgi Nfj Correlations

ANAVX Fund

USD 20.99 0.01 0.05%

The current 90-days correlation between Allianzgi Nfj Intern and World Precious Minerals is -0.01 (i.e., Good diversification). The correlation of Allianzgi Nfj 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 Nfj Correlation With Market

Good diversification

The correlation between Allianzgi Nfj International and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj International and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allianzgi Nfj International. 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 real.

Moving together with Allianzgi Mutual Fund

0.77	ASHSX	Allianzgi Short Duration	Pair Corr
0.88	AIISX	Allianzgi International	Pair Corr
0.98	VGTSX	Vanguard Total Inter	Pair Corr
0.98	VTIAX	Vanguard Total Inter	Pair Corr
0.96	VTSNX	Vanguard Total Inter	Pair Corr
0.96	VTPSX	Vanguard Total Inter	Pair Corr
0.96	VTISX	Vanguard Total Inter	Pair Corr
0.95	VTMGX	Vanguard Developed	Pair Corr
0.95	VDVIX	Vanguard Developed	Pair Corr
0.95	VTMNX	Vanguard Developed	Pair Corr
0.95	VDIPX	Vanguard Developed	Pair Corr
0.98	FSPSX	Fidelity International	Pair Corr
0.87	PFN	Pimco Income Strategy	Pair Corr
0.76	XPPRX	Voya Prime Rate	Pair Corr
0.81	PCF	Putnam High Income	Pair Corr
0.89	VWVUX	Tomorrows Scholar College	Pair Corr
0.71	NEA	Nuveen Amt Free	Pair Corr
0.96	RYAEX	Europe 125x Strategy	Pair Corr
0.85	FHMIX	Federated Hermes Con	Pair Corr
0.79	RNHIX	Rivernorthoaktree High	Pair Corr
0.78	MERFX	Merger Fund	Pair Corr
0.91	USGNX	Government Securities	Pair Corr
0.63	TCHTX	Cleartrack 2020 Class	Pair Corr
0.9	LIBAX	Columbia Total Return	Pair Corr

Moving against Allianzgi Mutual Fund

0.6	ANFVX	Allianzgi Nfj Small	Pair Corr
0.6	AFGFX	Allianzgi Focused Growth	Pair Corr

Related Correlations Analysis

	UNWPX	MXKJX	IOGYX	QGLDX	FEGOX
UNWPX		-0.54	0.95	0.94	0.95	UNWPX
MXKJX	-0.54		-0.53	-0.54	-0.57	MXKJX
IOGYX	0.95	-0.53		0.97	0.98	IOGYX
QGLDX	0.94	-0.54	0.97		0.99	QGLDX
FEGOX	0.95	-0.57	0.98	0.99		FEGOX
	UNWPX	MXKJX	IOGYX	QGLDX	FEGOX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FEGOX	+ 0.99	QGLDX
FEGOX	+ 0.98	IOGYX
QGLDX	+ 0.97	IOGYX
IOGYX	+ 0.95	UNWPX
FEGOX	+ 0.95	UNWPX
QGLDX	+ 0.94	UNWPX

High negative correlations

FEGOX	- 0.57	MXKJX
QGLDX	- 0.54	MXKJX
MXKJX	- 0.54	UNWPX
IOGYX	- 0.53	MXKJX

Risk-Adjusted Indicators

There is a big difference between Allianzgi Mutual Fund performing well and Allianzgi Nfj 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 Nfj'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
UNWPX	1.26	0.31	0.17	0.91	1.37	(1.59)	3.11	(2.50)	8.41
MXKJX	1.09	(0.07)	0.00	(0.09)	0.00	0.00	1.50	(1.97)	26.05
IOGYX	1.25	0.25	0.14	(1.28)	1.43	(1.39)	2.70	(3.12)	7.70
QGLDX	0.72	0.18	0.19	6.61	0.68	(0.82)	1.71	(1.33)	3.97
FEGOX	1.12	0.29	0.18	(1.50)	1.21	(1.20)	2.28	(2.26)	6.31

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