Allianzgi Nfj Correlations
| ANVIX Fund | USD 27.32 0.08 0.29% |
The current 90-days correlation between Allianzgi Nfj Large and Flexible Bond Portfolio is 0.25 (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
Good diversification
The correlation between Allianzgi Nfj Large Cap and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Large Cap and DJI in the same portfolio, assuming nothing else is changed.
ALLIANZGI |
Moving together with ALLIANZGI Mutual Fund
| 0.77 | ANNPX | Allianzgi Convertible | PairCorr |
| 0.86 | ANPRX | Allianzgi Nfj Mid | PairCorr |
| 0.72 | PGFIX | Allianzgi Focused Growth | PairCorr |
| 0.76 | ANZCX | Allianzgi Convertible | PairCorr |
| 0.77 | ANZAX | Allianzgi Vertible | PairCorr |
| 0.72 | PGWAX | Allianzgi Focused Growth | PairCorr |
| 0.86 | RAGHX | Allianzgi Health Sciences | PairCorr |
| 0.71 | RAGTX | Allianzgi Technology | PairCorr |
| 0.84 | HLHIX | Allianzgi Health Sciences | PairCorr |
| 0.76 | ASCFX | Allianzgi Small Cap | PairCorr |
| 0.86 | RCGHX | Allianzgi Health Sciences | PairCorr |
| 0.65 | RCGTX | Allianzgi Technology | PairCorr |
| 0.94 | PNBAX | Allianzgi Nfj Large | PairCorr |
| 0.93 | PNBCX | Allianzgi Nfj Large | PairCorr |
| 0.88 | PNECX | Allianzgi Nfj Dividend | PairCorr |
| 0.89 | PNEAX | Allianzgi Nfj Dividend | PairCorr |
| 0.89 | NFJEX | Allianzgi Nfj Dividend | PairCorr |
| 0.65 | DRGTX | Allianzgi Technology | PairCorr |
| 0.79 | DRMCX | Allianzgi Mid Cap | PairCorr |
| 0.84 | RGLIX | Allianzgi Global Natural | PairCorr |
| 0.86 | PQNCX | Allianzgi Nfj Mid | PairCorr |
| 0.86 | PQNAX | Allianzgi Nfj Mid | PairCorr |
Related Correlations Analysis
| 0.6 | 1.0 | 0.98 | 0.63 | 1.0 | 0.91 | JAFLX | ||
| 0.6 | 0.6 | 0.52 | 0.98 | 0.58 | 0.75 | FMUUX | ||
| 1.0 | 0.6 | 0.97 | 0.64 | 1.0 | 0.9 | SCCIX | ||
| 0.98 | 0.52 | 0.97 | 0.55 | 0.98 | 0.9 | ANBIX | ||
| 0.63 | 0.98 | 0.64 | 0.55 | 0.61 | 0.82 | GANPX | ||
| 1.0 | 0.58 | 1.0 | 0.98 | 0.61 | 0.89 | DLTNX | ||
| 0.91 | 0.75 | 0.9 | 0.9 | 0.82 | 0.89 | LTXFX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JAFLX | 0.24 | 0.03 | 0.10 | (0.41) | 0.15 | 0.61 | 1.44 | |||
| FMUUX | 0.03 | 0.00 | 0.00 | (0.05) | 0.00 | 0.10 | 0.40 | |||
| SCCIX | 0.26 | 0.03 | 0.08 | (0.34) | 0.17 | 0.57 | 1.44 | |||
| ANBIX | 0.15 | 0.04 | 0.20 | (1.93) | 0.00 | 0.39 | 0.98 | |||
| GANPX | 0.06 | 0.00 | (0.03) | 0.06 | 0.00 | 0.10 | 0.48 | |||
| DLTNX | 0.23 | 0.04 | 0.12 | (0.49) | 0.00 | 0.58 | 1.40 | |||
| LTXFX | 0.10 | 0.01 | 0.04 | (0.32) | 0.00 | 0.26 | 0.65 |