Allianzgi Nfj Correlations

Mutual Funds . USA . 
Fund . Allianzgi Nfj Mid Cap
PQNCX Fund  USD 17.66  0.21  1.20%   
The current 90-days correlation between Allianzgi Nfj Mid and Fidelity Real Estate is -0.25 (i.e., Very 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

Good diversification

The correlation between Allianzgi Nfj Mid Cap and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Mid 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 Mid 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

  0.78ANNPX Allianzgi ConvertiblePairCorr
  0.87ANPRX Allianzgi Nfj MidPairCorr
  0.62PGFIX Allianzgi Focused GrowthPairCorr
  0.83ANVIX Allianzgi Nfj LargePairCorr
  0.76ANZCX Allianzgi ConvertiblePairCorr
  0.77ANZAX Allianzgi VertiblePairCorr
  0.62PGWAX Allianzgi Focused GrowthPairCorr
  0.71RAGHX Allianzgi Health SciencesPairCorr
  0.71HLHIX Allianzgi Health SciencesPairCorr
  0.67ASCFX Allianzgi Small CapPairCorr
  0.87PNBAX Allianzgi Nfj LargePairCorr
  0.85PNEAX Allianzgi Nfj DividendPairCorr
  0.97NFJEX Allianzgi Nfj DividendPairCorr
  0.77DRMCX Allianzgi Mid CapPairCorr
  0.68AWTAX Allianzgi Global WaterPairCorr
  0.67AWTIX Allianzgi Global WaterPairCorr
  0.77RGLIX Allianzgi Global NaturalPairCorr
  0.69RGSCX Allianzgi Global SmallPairCorr
  0.87PQNAX Allianzgi Nfj MidPairCorr
  1.0PRNIX Allianzgi Nfj MidPairCorr
  0.65AZBIX Allianzgi Small CapPairCorr
  0.65AZBAX Allianzgi Small CapPairCorr
  0.65AZBCX Allianzgi Small CapPairCorr
  0.78AZNAX Allianzgi Income GrowthPairCorr
  0.86PALCX Allianzgi Global AllPairCorr

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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