Allianzgi Nfj Correlations

ANPRX Fund

USD 31.17 0.36 1.17%

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

Poor diversification

The correlation between Allianzgi Nfj Mid Cap and DJI is 0.74 (i.e., Poor 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 Trending Equities 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 metropolitan statistical area.

Moving together with ALLIANZGI Mutual Fund

0.75	FLPKX	Fidelity Low Priced	Pair Corr
0.75	FLPSX	Fidelity Low Priced	Pair Corr
0.77	VMVAX	Vanguard Mid Cap	Pair Corr
0.78	JVMAX	John Hancock Disciplined	Pair Corr
0.78	JVMIX	John Hancock Disciplined	Pair Corr
0.77	VMVIX	Vanguard Mid Cap	Pair Corr
0.77	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.77	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.77	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.77	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.74	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.74	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.73	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.62	KINCX	Kinetics Internet	Pair Corr
0.72	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.62	KINAX	Kinetics Internet	Pair Corr
0.63	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.63	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.76	PRDSX	T Rowe Price	Pair Corr
0.64	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.62	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	HPQ	HP Inc	Pair Corr

Moving against ALLIANZGI Mutual Fund

0.43	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.36	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.36	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.33	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	GLLRX	ANAVX	AEGCX	AEMOX	ANPRX	AWTAX	AOPAX	AGFAX	AGLRX
GLLRX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GLLRX
ANAVX	0.0		0.0	0.94	0.13	0.59	0.63	0.0	0.0	ANAVX
AEGCX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AEGCX
AEMOX	0.0	0.94	0.0		0.31	0.58	0.46	0.0	0.0	AEMOX
ANPRX	0.0	0.13	0.0	0.31		0.32	-0.21	0.0	0.0	ANPRX
AWTAX	0.0	0.59	0.0	0.58	0.32		0.72	0.0	0.0	AWTAX
AOPAX	0.0	0.63	0.0	0.46	-0.21	0.72		0.0	0.0	AOPAX
AGFAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AGFAX
AGLRX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AGLRX
	GLLRX	ANAVX	AEGCX	AEMOX	ANPRX	AWTAX	AOPAX	AGFAX	AGLRX

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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

AEMOX	+ 0.94	ANAVX
AOPAX	+ 0.72	AWTAX
AOPAX	+ 0.63	ANAVX
AWTAX	+ 0.59	ANAVX
AWTAX	+ 0.58	AEMOX
AOPAX	+ 0.46	AEMOX

High negative correlations

AOPAX	- 0.21	ANPRX
AGLRX	- 0.0	AGFAX
AGLRX	- 0.0	AOPAX
AGFAX	- 0.0	AOPAX
AGLRX	- 0.0	AWTAX
AGFAX	- 0.0	AWTAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GLLRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANAVX	0.72	(0.03)	0.00	(8.96)	0.00	0.00	1.42	(2.31)	5.92
AEGCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEMOX	0.66	(0.03)	0.00	1.58	0.00	0.00	1.40	(1.70)	3.97
ANPRX	0.60	(0.01)	(0.07)	0.10	0.57	(0.69)	1.16	(0.99)	2.85
AWTAX	0.59	(0.02)	0.00	(0.66)	0.00	0.00	1.05	(1.01)	3.12
AOPAX	0.47	(0.09)	0.00	(2.12)	0.00	0.00	0.94	(1.22)	2.93
AGFAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGLRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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