Allianzgi International Correlations

AOPAX Fund

USD 29.48 0.16 0.54%

The current 90-days correlation between Allianzgi International and Qs Large Cap is -0.07 (i.e., Good diversification). The correlation of Allianzgi International 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 International Correlation With Market

Very weak diversification

The correlation between Allianzgi International Small and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi International Small 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 International 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 nation.

Moving together with ALLIANZGI Mutual Fund

0.96	AOPCX	Allianzgi International	Pair Corr
0.82	RAGHX	Allianzgi Health Sciences	Pair Corr
0.82	HLHIX	Allianzgi Health Sciences	Pair Corr
0.78	ASTNX	Allianzgi Global Sus	Pair Corr
0.82	RCGHX	Allianzgi Health Sciences	Pair Corr
0.74	AWTAX	Allianzgi Global Water	Pair Corr
0.76	AWTCX	Allianzgi Global Water	Pair Corr
0.73	AWTIX	Allianzgi Global Water	Pair Corr
0.61	AFJAX	Allianzgi Nfj Intern	Pair Corr
0.62	AFJCX	Allianzgi Nfj Intern	Pair Corr

Moving against ALLIANZGI Mutual Fund

0.63	ANZCX	Allianzgi Convertible	Pair Corr
0.61	ANNPX	Allianzgi Convertible	Pair Corr
0.61	ANZAX	Allianzgi Convertible	Pair Corr
0.56	PGFIX	Allianzgi Focused Growth	Pair Corr
0.56	PGWCX	Allianzgi Focused Growth	Pair Corr
0.56	PGWAX	Allianzgi Focused Growth	Pair Corr
0.45	RAGTX	Allianzgi Technology	Pair Corr
0.44	RCGTX	Allianzgi Technology	Pair Corr
0.43	ASCFX	Allianzgi Small Cap	Pair Corr
0.39	ANVIX	Allianzgi Nfj Large	Pair Corr
0.38	PNBAX	Allianzgi Nfj Large	Pair Corr
0.36	PNBCX	Allianzgi Nfj Large	Pair Corr
0.33	ASHCX	Allianzgi Short Duration	Pair Corr
0.32	ASHAX	Allianzgi Short Duration	Pair Corr
0.31	ASHIX	Allianzgi Short Duration	Pair Corr
0.55	DRMCX	Allianzgi Mid Cap	Pair Corr
0.48	DRGTX	Allianzgi Technology	Pair Corr
0.44	AZNIX	Allianzgi Income Growth	Pair Corr
0.43	AZBIX	Allianzgi Small Cap	Pair Corr
0.43	AZBAX	Allianzgi Small Cap	Pair Corr
0.42	AZBCX	Allianzgi Small Cap	Pair Corr
0.42	AZNCX	Allianzgi Income Growth	Pair Corr
0.41	AZNAX	Allianzgi Income Growth	Pair Corr
0.33	RGLIX	Allianzgi Global Natural	Pair Corr

Related Correlations Analysis

	LMUSX	TWQZX	MTCGX	CBLSX	LMTIX	VAAGX	DLCIX
LMUSX		0.97	0.9	0.89	0.97	0.89	0.96	LMUSX
TWQZX	0.97		0.88	0.89	0.94	0.91	0.95	TWQZX
MTCGX	0.9	0.88		0.86	0.95	0.85	0.97	MTCGX
CBLSX	0.89	0.89	0.86		0.92	0.98	0.93	CBLSX
LMTIX	0.97	0.94	0.95	0.92		0.93	0.99	LMTIX
VAAGX	0.89	0.91	0.85	0.98	0.93		0.93	VAAGX
DLCIX	0.96	0.95	0.97	0.93	0.99	0.93		DLCIX
	LMUSX	TWQZX	MTCGX	CBLSX	LMTIX	VAAGX	DLCIX

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Risk-Adjusted Indicators

There is a big difference between ALLIANZGI Mutual Fund performing well and Allianzgi International 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 International'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
LMUSX	0.61	0.12	0.00	2.44	0.73	(0.69)	1.28	(1.49)	4.08
TWQZX	0.49	0.09	(0.06)	4.11	0.35	(0.58)	1.16	(0.75)	3.48
MTCGX	0.84	(0.03)	(0.02)	0.09	1.25	(0.78)	1.59	(2.29)	6.07
CBLSX	0.49	(0.03)	(0.10)	0.08	0.51	(0.57)	0.94	(1.01)	2.58
LMTIX	0.60	0.03	0.02	0.16	0.72	(0.68)	1.33	(1.49)	4.07
VAAGX	0.52	(0.03)	(0.09)	0.09	0.45	(0.61)	1.09	(0.94)	3.29
DLCIX	0.55	0.01	(0.01)	0.13	0.65	(0.59)	1.23	(1.27)	4.24

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