Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Small Cap
PCVAX Fund  USD 13.64  0.01  0.07%   
The current 90-days correlation between Allianzgi Nfj Small and Amg River Road is 0.93 (i.e., Almost no 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 Small Cap and DJI is 0.84 (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 Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Allianzgi Nfj 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 nation.

Moving together with Allianzgi Mutual Fund

  0.93ANNPX Allianzgi VertiblePairCorr
  0.89ANPRX Allianzgi Nfj MidPairCorr
  0.85PGFIX Allianzgi Focused GrowthPairCorr
  0.94ANVIX Allianzgi Nfj LargePairCorr
  0.93ANZCX Allianzgi ConvertiblePairCorr
  0.93ANZAX Allianzgi ConvertiblePairCorr
  0.85PGWCX Allianzgi Focused GrowthPairCorr
  0.85PGWAX Allianzgi Focused GrowthPairCorr
  0.84RAGTX Allianzgi TechnologyPairCorr
  0.98ASCFX Allianzgi Small CapPairCorr
  0.69ASHIX Allianzgi Short DurationPairCorr
  0.69ASHAX Allianzgi Short DurationPairCorr
  0.71ASHCX Allianzgi Short DurationPairCorr
  0.83RCGTX Allianzgi TechnologyPairCorr
  0.94PNBAX Allianzgi Nfj LargePairCorr
  0.94PNBCX Allianzgi Nfj LargePairCorr
  0.82PNECX Allianzgi Nfj DividendPairCorr
  0.84PNEAX Allianzgi Nfj DividendPairCorr
  0.84NFJEX Allianzgi Nfj DividendPairCorr
  0.84DRGTX Allianzgi TechnologyPairCorr
  0.92DRMCX Allianzgi Mid CapPairCorr
  0.84RGLIX Allianzgi Global NaturalPairCorr

Moving against Allianzgi Mutual Fund

  0.55RAGHX Allianzgi Health SciencesPairCorr
  0.54HLHIX Allianzgi Health SciencesPairCorr
  0.5AOPCX Allianzgi InternationalPairCorr
  0.49AOPAX Allianzgi InternationalPairCorr
  0.55RCGHX Allianzgi Health SciencesPairCorr

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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