Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj International
ANJIX Fund  USD 20.99  0.01  0.05%   
The current 90-days correlation between Allianzgi Nfj Intern and Precious Metals And is -0.05 (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 -0.11 (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 gross domestic product.

Moving together with ALLIANZGI Mutual Fund

  0.87AOPAX Allianzgi InternationalPairCorr
  0.86AOPCX Allianzgi InternationalPairCorr
  0.75ASHIX Allianzgi Short DurationPairCorr
  0.74ASHAX Allianzgi Short DurationPairCorr
  0.71ASHCX Allianzgi Short DurationPairCorr
  0.98AFJAX Allianzgi Nfj InternPairCorr
  0.98AFJCX Allianzgi Nfj InternPairCorr

Moving against ALLIANZGI Mutual Fund

  0.74ASCFX Allianzgi Small CapPairCorr
  0.73RAGTX Allianzgi TechnologyPairCorr
  0.73RCGTX Allianzgi TechnologyPairCorr
  0.69DRGTX Allianzgi TechnologyPairCorr
  0.63PGWCX Allianzgi Focused Growth Steady GrowthPairCorr
  0.62PGFIX Allianzgi Focused Growth Steady GrowthPairCorr
  0.58PGWAX Allianzgi Focused GrowthPairCorr
  0.54ANZCX Allianzgi ConvertiblePairCorr
  0.53ANNPX Allianzgi ConvertiblePairCorr
  0.53ANZAX Allianzgi VertiblePairCorr
  0.44DRMCX Allianzgi Mid CapPairCorr
  0.68PCVCX Allianzgi Nfj SmallPairCorr
  0.67AZBIX Allianzgi Small CapPairCorr
  0.67AZBAX Allianzgi Small CapPairCorr
  0.67AZBCX Allianzgi Small CapPairCorr
  0.67PCVAX Allianzgi Nfj SmallPairCorr
  0.66PSVIX Allianzgi Nfj SmallPairCorr
  0.54AZNCX Allianzgi Income GrowthPairCorr
  0.5AZNAX Allianzgi Income GrowthPairCorr
  0.49AZNIX Allianzgi Income GrowthPairCorr

Related Correlations Analysis

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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.

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