Allianzgi Short Correlations
| ASHAX Fund | USD 13.71 0.02 0.15% |
The current 90-days correlation between Allianzgi Short Duration and Gmo Global Equity is 0.43 (i.e., Very weak diversification). The correlation of Allianzgi Short 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 Short Correlation With Market
Very weak diversification
The correlation between Allianzgi Short Duration and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Short Duration and DJI in the same portfolio, assuming nothing else is changed.
Allianzgi |
Moving together with Allianzgi Mutual Fund
| 0.74 | ANJIX | Allianzgi Nfj Intern | PairCorr |
| 0.66 | AOPAX | Allianzgi International | PairCorr |
| 0.65 | AOPCX | Allianzgi International | PairCorr |
| 1.0 | ASHIX | Allianzgi Short Duration | PairCorr |
| 1.0 | ASHCX | Allianzgi Short Duration | PairCorr |
| 0.76 | AFJAX | Allianzgi Nfj Intern | PairCorr |
| 0.76 | AFJCX | Allianzgi Nfj Intern | PairCorr |
Related Correlations Analysis
| 0.83 | 0.67 | 0.63 | 0.61 | 0.6 | 0.76 | GMADX | ||
| 0.83 | 0.74 | 0.8 | 0.68 | 0.8 | 0.9 | WRLDX | ||
| 0.67 | 0.74 | 0.85 | 0.89 | 0.81 | 0.92 | DBLGX | ||
| 0.63 | 0.8 | 0.85 | 0.74 | 0.98 | 0.92 | ANAZX | ||
| 0.61 | 0.68 | 0.89 | 0.74 | 0.66 | 0.87 | QGMIX | ||
| 0.6 | 0.8 | 0.81 | 0.98 | 0.66 | 0.87 | DHGCX | ||
| 0.76 | 0.9 | 0.92 | 0.92 | 0.87 | 0.87 | LFLCX | ||
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Risk-Adjusted Indicators
There is a big difference between Allianzgi Mutual Fund performing well and Allianzgi Short 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 Short'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMADX | 0.73 | 0.04 | 0.03 | 0.06 | 1.30 | 1.26 | 11.02 | |||
| WRLDX | 0.63 | 0.01 | 0.01 | (0.04) | 0.95 | 1.24 | 2.96 | |||
| DBLGX | 0.22 | 0.01 | 0.02 | 0.19 | 0.20 | 0.48 | 1.21 | |||
| ANAZX | 0.18 | 0.00 | (0.02) | 0.07 | 0.19 | 0.44 | 1.32 | |||
| QGMIX | 0.37 | 0.12 | 0.25 | (0.59) | 0.18 | 0.83 | 2.42 | |||
| DHGCX | 0.18 | (0.01) | 0.00 | 0.54 | 0.00 | 0.36 | 1.46 | |||
| LFLCX | 0.18 | 0.01 | 0.03 | (0.37) | 0.14 | 0.43 | 0.98 |