Allianzgi Global Correlations
| AGAPXDelisted Fund | USD 10.04 0.00 0.00% |
The current 90-days correlation between Allianzgi Global All and T Rowe Price is 0.15 (i.e., Average 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
Average diversification
The correlation between Allianzgi Global Allocation and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Global Allocation and DJI in the same portfolio, assuming nothing else is changed.
Allianzgi |
Moving together with Allianzgi Mutual Fund
| 0.63 | RIRAX | Capital Income Builder | PairCorr |
| 0.64 | RIREX | Capital Income Builder | PairCorr |
| 0.64 | RIRCX | Capital Income Builder | PairCorr |
| 0.64 | RIRFX | Capital Income Builder | PairCorr |
| 0.63 | CIRCX | Capital Income Builder | PairCorr |
| 0.64 | CIREX | Capital Income Builder | PairCorr |
| 0.63 | RIRBX | Capital Income Builder | PairCorr |
| 0.64 | CAIFX | Capital Income Builder | PairCorr |
| 0.64 | CIRFX | Capital Income Builder | PairCorr |
| 0.64 | CIRAX | Capital Income Builder | PairCorr |
| 0.61 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.8 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| 0.91 | 0.83 | 0.99 | 0.16 | 0.97 | PRINX | ||
| 0.91 | 0.95 | 0.93 | 0.03 | 0.9 | BIDPX | ||
| 0.83 | 0.95 | 0.86 | -0.2 | 0.85 | OWMBX | ||
| 0.99 | 0.93 | 0.86 | 0.12 | 0.98 | BCHIX | ||
| 0.16 | 0.03 | -0.2 | 0.12 | 0.11 | GABTX | ||
| 0.97 | 0.9 | 0.85 | 0.98 | 0.11 | PRFHX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRINX | 0.16 | 0.02 | (0.29) | (0.05) | 0.22 | 0.44 | 1.59 | |||
| BIDPX | 0.14 | 0.00 | (0.30) | 0.06 | 0.21 | 0.27 | 1.36 | |||
| OWMBX | 0.11 | (0.01) | (0.49) | (0.14) | 0.15 | 0.26 | 0.87 | |||
| BCHIX | 0.16 | 0.01 | (0.27) | (0.02) | 0.24 | 0.40 | 1.53 | |||
| GABTX | 0.49 | 0.13 | 0.05 | 1.27 | 0.35 | 1.09 | 3.00 | |||
| PRFHX | 0.15 | 0.01 | (0.26) | (0.02) | 0.23 | 0.44 | 1.61 |
Allianzgi Global Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Allianzgi Global mutual fund to make a market-neutral strategy. Peer analysis of Allianzgi Global could also be used in its relative valuation, which is a method of valuing Allianzgi Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Allianzgi Global Allocation?
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