Allianzgi International Correlations

AOPCX Fund

USD 29.17 0.22 0.75%

The current 90-days correlation between Allianzgi International and Us Government Securities is -0.03 (i.e., Good diversification). The correlation of Allianzgi International 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 International Correlation With Market

Very weak diversification

The correlation between Allianzgi International Small and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi International Small 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 International 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 main economic indicators.

Moving together with Allianzgi Mutual Fund

0.86	ANJIX	Allianzgi Nfj Intern	Pair Corr
1.0	AOPAX	Allianzgi International	Pair Corr
0.73	AOTIX	Allianzgi Emerging	Pair Corr
0.72	AOTAX	Allianzgi Emerging	Pair Corr
0.69	AOTCX	Allianzgi Emerging	Pair Corr
0.62	ASHIX	Allianzgi Short Duration	Pair Corr
0.61	ASHAX	Allianzgi Short Duration	Pair Corr
0.64	AWTAX	Allianzgi Global Water	Pair Corr
0.65	AWTIX	Allianzgi Global Water	Pair Corr
0.88	AFJAX	Allianzgi Nfj Intern	Pair Corr
0.88	AFJCX	Allianzgi Nfj Intern	Pair Corr
0.74	RGSCX	Allianzgi Global Small	Pair Corr
0.76	RGSAX	Allianzgi Global Small	Pair Corr

Moving against Allianzgi Mutual Fund

0.5	RAGTX	Allianzgi Technology	Pair Corr
0.43	PGWCX	Allianzgi Focused Growth	Pair Corr
0.43	PGWAX	Allianzgi Focused Growth	Pair Corr
0.42	PGFIX	Allianzgi Focused Growth	Pair Corr
0.32	ANZCX	Allianzgi Convertible	Pair Corr
0.52	ASCFX	Allianzgi Small Cap	Pair Corr
0.51	RCGTX	Allianzgi Technology	Pair Corr
0.51	DRGTX	Allianzgi Technology	Pair Corr
0.52	AZBIX	Allianzgi Small Cap	Pair Corr
0.52	AZBAX	Allianzgi Small Cap	Pair Corr
0.52	AZBCX	Allianzgi Small Cap	Pair Corr
0.33	AZNIX	Allianzgi Income Growth	Pair Corr

Related Correlations Analysis

	USGFX	USGDX	RGVAX	RGVCX	CGTAX	FHNFX	TWACX	SPAXX
USGFX		0.96	0.97	0.97	1.0	0.97	0.98	0.8	USGFX
USGDX	0.96		0.99	0.99	0.96	0.99	0.91	0.81	USGDX
RGVAX	0.97	0.99		1.0	0.97	1.0	0.94	0.79	RGVAX
RGVCX	0.97	0.99	1.0		0.97	1.0	0.95	0.79	RGVCX
CGTAX	1.0	0.96	0.97	0.97		0.97	0.98	0.8	CGTAX
FHNFX	0.97	0.99	1.0	1.0	0.97		0.94	0.81	FHNFX
TWACX	0.98	0.91	0.94	0.95	0.98	0.94		0.78	TWACX
SPAXX	0.8	0.81	0.79	0.79	0.8	0.81	0.78		SPAXX
	USGFX	USGDX	RGVAX	RGVCX	CGTAX	FHNFX	TWACX	SPAXX

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Risk-Adjusted Indicators

There is a big difference between Allianzgi Mutual Fund performing well and Allianzgi International 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 International'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
USGFX	0.25	0.03	0.30	(0.69)	0.16	(0.31)	0.51	(0.42)	1.55
USGDX	0.66	0.08	0.17	59.98	0.63	(0.82)	1.46	(1.06)	3.93
RGVAX	0.25	0.03	0.29	3.21	0.16	(0.32)	0.60	(0.43)	1.56
RGVCX	0.24	0.00	0.31	0.00	0.12	(0.30)	0.52	(0.42)	1.38
CGTAX	0.25	0.03	0.28	(0.56)	0.17	(0.31)	0.60	(0.42)	1.55
FHNFX	0.23	0.03	0.28	(4.25)	0.15	(0.27)	0.55	(0.43)	1.31
TWACX	0.09	0.01	0.49	(0.28)	0.00	(0.14)	0.22	(0.11)	0.45
SPAXX	0.03	0.00	0.00	(0.36)	0.00	0.00	0.00	0.00	1.01

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