Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Dividend
NFJEX Fund  USD 11.60  0.02  0.17%   
The current 90-days correlation between Allianzgi Nfj Dividend and T Rowe Price is -0.11 (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

Very poor diversification

The correlation between Allianzgi Nfj Dividend and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Dividend and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Allianzgi Nfj Dividend. 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 income.

Moving together with Allianzgi Mutual Fund

  0.79ANNPX Allianzgi VertiblePairCorr
  0.94ANPRX Allianzgi Nfj MidPairCorr
  0.72PGFIX Allianzgi Focused GrowthPairCorr
  0.95ANVIX Allianzgi Nfj LargePairCorr
  0.79ANZCX Allianzgi ConvertiblePairCorr
  0.79ANZAX Allianzgi ConvertiblePairCorr
  0.72PGWCX Allianzgi Focused GrowthPairCorr
  0.72PGWAX Allianzgi Focused GrowthPairCorr
  0.74RAGTX Allianzgi TechnologyPairCorr
  0.83ASCFX Allianzgi Small CapPairCorr
  0.65ASHIX Allianzgi Short DurationPairCorr
  0.65ASHAX Allianzgi Short DurationPairCorr
  0.65ASHCX Allianzgi Short DurationPairCorr
  0.74RCGTX Allianzgi TechnologyPairCorr
  0.95PNBAX Allianzgi Nfj LargePairCorr
  0.95PNBCX Allianzgi Nfj LargePairCorr
  1.0PNECX Allianzgi Nfj DividendPairCorr
  1.0PNEAX Allianzgi Nfj DividendPairCorr
  0.74DRGTX Allianzgi TechnologyPairCorr
  0.81DRMCX Allianzgi Mid CapPairCorr
  0.83RGLIX Allianzgi Global NaturalPairCorr
  0.81RGSCX Allianzgi Global SmallPairCorr
  0.82RGSAX Allianzgi Global SmallPairCorr

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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