Allianzgi Focused Correlations

Mutual Funds . USA . 
Fund . Allianzgi Focused Growth
AFGFX Fund  USD 80.50  0.16  0.20%   
The current 90-days correlation between Allianzgi Focused Growth and Fisher Large Cap is 0.02 (i.e., Significant diversification). The correlation of Allianzgi Focused 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 Focused Correlation With Market

Poor diversification

The correlation between Allianzgi Focused Growth and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Focused Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allianzgi Focused Growth. 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 census.

Moving together with Allianzgi Mutual Fund

  0.69ANDVX Allianzgi Nfj DividendPairCorr
  0.84ANFVX Allianzgi Nfj SmallPairCorr
  0.76ASHSX Allianzgi Short DurationPairCorr
  0.95FAFGX American FundsPairCorr
  0.95FFAFX American FundsPairCorr
  0.95GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.95CGFCX Growth FundPairCorr
  0.95CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.97RYVLX Nasdaq 100 2xPairCorr
  0.92RYVYX Nasdaq 100 2xPairCorr
  0.97UOPIX Ultra Nasdaq 100PairCorr
  0.97RYCCX Nasdaq 100 2xPairCorr
  0.97UOPSX Ultranasdaq 100 ProfundPairCorr
  0.97INPIX Internet UltrasectorPairCorr
  0.97INPSX Internet UltrasectorPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.83SCRYX Small Cap CorePairCorr
  0.65RIV Rivernorth OpportunitiesPairCorr
  0.83FEMDX Franklin Emerging MarketPairCorr
  0.91LLPFX Longleaf PartnersPairCorr
  0.9RQECX Resq Dynamic AllocationPairCorr
  0.94LTFOX Lord Abbett AffiliatedPairCorr
  0.92FBALX Fidelity BalancedPairCorr
  0.74GAB Gabelli Equity TrustPairCorr
  0.65XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.8CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Moving against Allianzgi Mutual Fund

  0.81KO Coca Cola Aggressive PushPairCorr
  0.79JNJ Johnson Johnson Sell-off TrendPairCorr
  0.68BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.6PG Procter GamblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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