Allianzgi Nfj Correlations

PNBAX Fund

USD 27.53 0.07 0.25%

The current 90-days correlation between Allianzgi Nfj Large and Us Government Securities is 0.22 (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 -0.18 (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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Allianzgi Nfj Large 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

0.84	ANNPX	Allianzgi Convertible	Pair Corr
0.76	PGFIX	Allianzgi Focused Growth	Pair Corr
0.94	ANVIX	Allianzgi Nfj Large	Pair Corr
0.83	ANZCX	Allianzgi Convertible	Pair Corr
0.84	ANZAX	Allianzgi Vertible	Pair Corr
0.71	PGWCX	Allianzgi Focused Growth	Pair Corr
0.76	PGWAX	Allianzgi Focused Growth	Pair Corr
0.8	RAGHX	Allianzgi Health Sciences	Pair Corr
0.66	RAGTX	Allianzgi Technology	Pair Corr
0.82	HLHIX	Allianzgi Health Sciences	Pair Corr
0.71	ASCFX	Allianzgi Small Cap	Pair Corr
0.82	RCGHX	Allianzgi Health Sciences	Pair Corr
0.68	RCGTX	Allianzgi Technology	Pair Corr
1.0	PNBCX	Allianzgi Nfj Large	Pair Corr
0.99	PNECX	Allianzgi Nfj Dividend	Pair Corr
0.99	PNEAX	Allianzgi Nfj Dividend	Pair Corr
0.99	NFJEX	Allianzgi Nfj Dividend	Pair Corr
0.68	DRGTX	Allianzgi Technology	Pair Corr
0.85	DRMCX	Allianzgi Mid Cap	Pair Corr
0.91	RGLIX	Allianzgi Global Natural	Pair Corr
0.97	PQNCX	Allianzgi Nfj Mid	Pair Corr
0.97	PQNAX	Allianzgi Nfj Mid	Pair Corr
0.97	PRNIX	Allianzgi Nfj Mid	Pair Corr

Related Correlations Analysis

	CGTCX	RGVBX	FCSCX	UGSFX	AMUSX	SPAXX	RGVCX	TWAVX
CGTCX		1.0	0.88	1.0	0.93	0.73	0.93	0.91	CGTCX
RGVBX	1.0		0.89	1.0	0.93	0.73	0.93	0.92	RGVBX
FCSCX	0.88	0.89		0.89	0.96	0.66	0.96	0.99	FCSCX
UGSFX	1.0	1.0	0.89		0.93	0.73	0.93	0.91	UGSFX
AMUSX	0.93	0.93	0.96	0.93		0.71	1.0	0.98	AMUSX
SPAXX	0.73	0.73	0.66	0.73	0.71		0.7	0.69	SPAXX
RGVCX	0.93	0.93	0.96	0.93	1.0	0.7		0.98	RGVCX
TWAVX	0.91	0.92	0.99	0.91	0.98	0.69	0.98		TWAVX
	CGTCX	RGVBX	FCSCX	UGSFX	AMUSX	SPAXX	RGVCX	TWAVX

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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
CGTCX	0.25	0.04	0.10	(0.36)	0.19	(0.30)	0.61	(0.50)	1.56
RGVBX	0.25	0.04	0.11	(0.44)	0.15	(0.31)	0.52	(0.51)	1.39
FCSCX	0.07	0.01	0.08	3.63	0.00	(0.19)	0.13	(0.13)	0.66
UGSFX	0.25	0.04	0.11	(0.40)	0.16	(0.31)	0.60	(0.50)	1.55
AMUSX	0.26	0.04	0.12	0.96	0.15	(0.33)	0.60	(0.42)	1.55
SPAXX	0.03	0.01	0.00	0.48	0.00	0.00	0.00	0.00	1.01
RGVCX	0.24	0.04	0.12	1.42	0.13	(0.30)	0.51	(0.42)	1.38
TWAVX	0.08	0.01	0.06	1.54	0.00	(0.17)	0.22	(0.11)	0.55

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Allianzgi Nfj Correlations

Allianzgi Nfj Correlation With Market

Good diversification

Moving together with Allianzgi Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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