Allianzgi Global Correlations

RGSCX Fund

USD 23.08 0.21 0.90%

The current 90-days correlation between Allianzgi Global Small and Goldman Sachs Short is -0.14 (i.e., Good diversification). 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 Small Cap and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Global 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 Global 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 main economic indicators.

Moving together with Allianzgi Mutual Fund

0.75	AOPAX	Allianzgi International	Pair Corr
0.69	AOPCX	Allianzgi International	Pair Corr
0.7	AOTIX	Allianzgi Emerging	Pair Corr
0.82	AOTAX	Allianzgi Emerging	Pair Corr
0.82	AOTCX	Allianzgi Emerging	Pair Corr
0.72	ASHIX	Allianzgi Short Duration	Pair Corr
0.71	ASHAX	Allianzgi Short Duration	Pair Corr
0.74	ASHCX	Allianzgi Short Duration	Pair Corr
0.87	AWTAX	Allianzgi Global Water	Pair Corr
0.77	AWTCX	Allianzgi Global Water	Pair Corr
0.87	AWTIX	Allianzgi Global Water	Pair Corr
0.61	RGLIX	Allianzgi Global Natural	Pair Corr
1.0	RGSAX	Allianzgi Global Small	Pair Corr
0.65	PQNCX	Allianzgi Nfj Mid	Pair Corr
0.67	PQNAX	Allianzgi Nfj Mid	Pair Corr

Related Correlations Analysis

	GANPX	JAFLX	MSTBX	LTXFX	UIITX	CSBCX	PRVBX
GANPX		0.89	0.92	0.95	0.92	0.92	0.93	GANPX
JAFLX	0.89		0.96	0.89	0.99	0.99	0.94	JAFLX
MSTBX	0.92	0.96		0.87	0.96	0.96	0.98	MSTBX
LTXFX	0.95	0.89	0.87		0.91	0.92	0.89	LTXFX
UIITX	0.92	0.99	0.96	0.91		1.0	0.94	UIITX
CSBCX	0.92	0.99	0.96	0.92	1.0		0.95	CSBCX
PRVBX	0.93	0.94	0.98	0.89	0.94	0.95		PRVBX
	GANPX	JAFLX	MSTBX	LTXFX	UIITX	CSBCX	PRVBX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GANPX	0.06	0.00	0.02	(0.02)	0.00	(0.12)	0.10	(0.10)	0.48
JAFLX	0.24	0.02	0.08	0.49	0.18	(0.30)	0.61	(0.41)	1.44
MSTBX	0.11	0.01	0.09	(0.45)	0.00	(0.15)	0.21	(0.21)	0.62
LTXFX	0.10	(0.01)	(0.02)	(0.54)	0.13	(0.14)	0.26	(0.26)	0.65
UIITX	0.23	0.02	0.08	0.77	0.17	(0.28)	0.55	(0.43)	1.45
CSBCX	0.22	0.02	0.08	0.56	0.18	(0.25)	0.49	(0.41)	1.42
PRVBX	0.10	0.01	0.11	(0.48)	0.00	(0.13)	0.23	(0.17)	0.53

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Allianzgi Global Correlations

Allianzgi Global Correlation With Market

Poor diversification

Moving together with Allianzgi Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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