Allianzgi Global Correlations

Mutual Funds . USA . 
Fund . Allianzgi Global Natural
RGLIX Fund  USD 10.62  0.03  0.28%   
The correlation of Allianzgi Global 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 Global Correlation With Market

Poor diversification

The correlation between Allianzgi Global Natural and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Global Natural 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 Global Natural. 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 gross domestic product.

Moving together with Allianzgi Mutual Fund

  0.92ANNPX Allianzgi ConvertiblePairCorr
  0.84ANPRX Allianzgi Nfj MidPairCorr
  0.86PGFIX Allianzgi Focused GrowthPairCorr
  0.9ANVIX Allianzgi Nfj LargePairCorr
  0.91ANZCX Allianzgi ConvertiblePairCorr
  0.91ANZAX Allianzgi VertiblePairCorr
  0.82PGWCX Allianzgi Focused GrowthPairCorr
  0.86PGWAX Allianzgi Focused GrowthPairCorr
  0.71RAGHX Allianzgi Health SciencesPairCorr
  0.79RAGTX Allianzgi TechnologyPairCorr
  0.71HLHIX Allianzgi Health SciencesPairCorr
  0.77ASCFX Allianzgi Small CapPairCorr
  0.72RCGHX Allianzgi Health SciencesPairCorr
  0.79RCGTX Allianzgi TechnologyPairCorr
  0.9PNBAX Allianzgi Nfj LargePairCorr
  0.91PNBCX Allianzgi Nfj LargePairCorr
  0.87PNECX Allianzgi Nfj DividendPairCorr
  0.87PNEAX Allianzgi Nfj DividendPairCorr
  0.87NFJEX Allianzgi Nfj DividendPairCorr
  0.8DRGTX Allianzgi TechnologyPairCorr
  0.92DRMCX Allianzgi Mid CapPairCorr
  0.86PQNCX Allianzgi Nfj MidPairCorr
  0.85PQNAX Allianzgi Nfj MidPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Allianzgi Mutual Fund performing well and Allianzgi Global 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 Global'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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