Allianzgi Nfj Correlations

ANFVX Fund

USD 15.26 0.10 0.66%

The current 90-days correlation between Allianzgi Nfj Small and Pimco Energy Tactical is 0.26 (i.e., Modest 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

Very weak diversification

The correlation between Allianzgi Nfj Small Cap and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Small Cap 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 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 real.

Moving together with Allianzgi Mutual Fund

0.94	ANDVX	Allianzgi Nfj Dividend	Pair Corr
0.86	AFGFX	Allianzgi Focused Growth	Pair Corr
0.82	AGASX	Allianzgi Global All	Pair Corr
0.97	VSIIX	Vanguard Small Cap	Pair Corr
0.97	VISVX	Vanguard Small Cap	Pair Corr
0.98	DFSVX	Us Small Cap	Pair Corr
0.97	DFFVX	Us Targeted Value	Pair Corr
0.96	UBVCX	Undiscovered Managers	Pair Corr
0.96	UBVAX	Undiscovered Managers	Pair Corr
0.96	UBVSX	Undiscovered Managers	Pair Corr
0.96	AVFIX	American Beacon Small	Pair Corr

Moving against Allianzgi Mutual Fund

0.5	GAAKX	Gmo Alternative Allo	Pair Corr
0.5	GAAGX	Gmo Alternative Allo	Pair Corr
0.37	ASHSX	Allianzgi Short Duration	Pair Corr
0.36	VTAPX	Vanguard Short Term	Pair Corr
0.83	CWXIX	Catalyst/warrington	Pair Corr
0.76	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.63	DFLAX	Dreyfus Floating Rate	Pair Corr
0.51	ASCIX	American Beacon Small	Pair Corr

Related Correlations Analysis

	PDX	BACCX	FIKAX	ENPSX	XEMOX	FNCRX	APWEX
PDX		0.39	0.44	0.37	0.4	0.35	0.54	PDX
BACCX	0.39		0.97	0.98	0.8	0.98	0.76	BACCX
FIKAX	0.44	0.97		0.95	0.87	0.98	0.85	FIKAX
ENPSX	0.37	0.98	0.95		0.77	0.97	0.72	ENPSX
XEMOX	0.4	0.8	0.87	0.77		0.84	0.8	XEMOX
FNCRX	0.35	0.98	0.98	0.97	0.84		0.8	FNCRX
APWEX	0.54	0.76	0.85	0.72	0.8	0.8		APWEX
	PDX	BACCX	FIKAX	ENPSX	XEMOX	FNCRX	APWEX

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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
PDX	1.80	0.06	0.02	0.03	2.96	(2.02)	3.40	(3.43)	31.18
BACCX	0.80	(0.08)	0.00	(0.21)	0.00	0.00	1.24	(1.90)	4.22
FIKAX	0.94	(0.09)	0.00	(0.18)	0.00	0.00	1.40	(2.54)	5.27
ENPSX	1.39	(0.13)	0.00	(0.19)	0.00	0.00	2.37	(3.54)	7.38
XEMOX	1.08	(0.01)	0.00	(0.04)	0.00	0.00	2.03	(3.03)	6.66
FNCRX	0.82	(0.09)	0.00	(0.19)	0.00	0.00	1.23	(1.85)	4.45
APWEX	1.06	(0.13)	0.00	(0.24)	0.00	0.00	1.80	(1.83)	9.65

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