Allianzgi Nfj Correlations

ANDVX Fund

USD 10.39 0.08 0.78%

The current 90-days correlation between Allianzgi Nfj Dividend and Calvert Bond Portfolio is 0.4 (i.e., Very weak 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

Poor diversification

The correlation between Allianzgi Nfj Dividend and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Dividend 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 Dividend. 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

0.85	ANFVX	Allianzgi Nfj Small	Pair Corr
0.77	AFGFX	Allianzgi Focused Growth	Pair Corr
0.85	AGASX	Allianzgi Global All	Pair Corr
0.74	VVIAX	Vanguard Value Index	Pair Corr
0.75	AFMFX	American Mutual	Pair Corr
0.75	FFMMX	American Funds American	Pair Corr
0.75	FFFMX	American Funds American	Pair Corr
0.75	AMRMX	American Mutual	Pair Corr
0.75	AMFFX	American Mutual	Pair Corr
0.76	AMFCX	American Mutual	Pair Corr
0.74	DODGX	Dodge Stock Fund	Pair Corr
0.74	VIVAX	Vanguard Value Index	Pair Corr

Moving against Allianzgi Mutual Fund

0.81	UIPIX	Ultrashort Mid Cap	Pair Corr
0.73	USPSX	Profunds Ultrashort	Pair Corr
0.73	USPIX	Profunds Ultrashort	Pair Corr
0.6	SDFCX	Swan Defined Risk	Pair Corr

Related Correlations Analysis

	CSBCX	MIIIX	MSTBX	BMOPX	PRVBX	UIITX
CSBCX		0.99	0.97	1.0	0.95	1.0	CSBCX
MIIIX	0.99		0.96	1.0	0.94	0.99	MIIIX
MSTBX	0.97	0.96		0.96	0.98	0.97	MSTBX
BMOPX	1.0	1.0	0.96		0.95	1.0	BMOPX
PRVBX	0.95	0.94	0.98	0.95		0.95	PRVBX
UIITX	1.0	0.99	0.97	1.0	0.95		UIITX
	CSBCX	MIIIX	MSTBX	BMOPX	PRVBX	UIITX

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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
CSBCX	0.22	0.02	0.28	0.38	0.20	(0.25)	0.49	(0.41)	1.42
MIIIX	0.24	0.02	0.27	0.56	0.20	(0.32)	0.54	(0.43)	1.42
MSTBX	0.11	0.02	0.51	3.47	0.00	(0.15)	0.21	(0.21)	0.62
BMOPX	0.23	0.02	0.26	0.55	0.21	(0.26)	0.55	(0.34)	1.36
PRVBX	0.10	0.01	0.68	0.24	0.00	(0.13)	0.23	(0.17)	0.53
UIITX	0.23	0.02	0.29	0.56	0.18	(0.28)	0.55	(0.43)	1.45

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