Allianzgi Nfj Correlations

PRNIX Fund

USD 28.82 0.05 0.17%

The current 90-days correlation between Allianzgi Nfj Mid and Pimco International Stocksplus is -0.08 (i.e., Good diversification). 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 0.78 (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 Your Equity Center 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 gross domestic product.

Moving together with Allianzgi Mutual Fund

0.72	ANNPX	Allianzgi Convertible	Pair Corr
1.0	ANPRX	Allianzgi Nfj Mid	Pair Corr
0.96	ANVIX	Allianzgi Nfj Large	Pair Corr
0.71	ANZCX	Allianzgi Convertible	Pair Corr
0.72	ANZAX	Allianzgi Vertible	Pair Corr
0.82	RAGHX	Allianzgi Health Sciences	Pair Corr
0.82	HLHIX	Allianzgi Health Sciences	Pair Corr
0.96	PNBAX	Allianzgi Nfj Large	Pair Corr
0.95	PNEAX	Allianzgi Nfj Dividend	Pair Corr
0.95	NFJEX	Allianzgi Nfj Dividend	Pair Corr
0.74	DRMCX	Allianzgi Mid Cap	Pair Corr
0.69	AWTAX	Allianzgi Global Water	Pair Corr
0.69	AWTIX	Allianzgi Global Water	Pair Corr
0.84	RGLIX	Allianzgi Global Natural	Pair Corr
0.68	RGSCX	Allianzgi Global Small	Pair Corr
0.67	RGSAX	Allianzgi Global Small	Pair Corr
1.0	PQNCX	Allianzgi Nfj Mid	Pair Corr
1.0	PQNAX	Allianzgi Nfj Mid	Pair Corr
0.73	AZNAX	Allianzgi Income Growth	Pair Corr
0.87	PALCX	Allianzgi Global All	Pair Corr

Related Correlations Analysis

	PISIX	NELYX	MPHQX	SWYEX	SWYGX
PISIX		0.85	0.85	0.6	0.46	PISIX
NELYX	0.85		0.97	0.24	0.07	NELYX
MPHQX	0.85	0.97		0.32	0.15	MPHQX
SWYEX	0.6	0.24	0.32		0.98	SWYEX
SWYGX	0.46	0.07	0.15	0.98		SWYGX
	PISIX	NELYX	MPHQX	SWYEX	SWYGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
PISIX	0.58	0.09	0.10	(1.86)	0.77	(0.59)	1.01	(1.46)	3.08
NELYX	0.10	0.00	0.13	0.00	0.00	(0.15)	0.28	(0.18)	0.65
MPHQX	0.24	0.02	0.07	0.34	0.21	(0.28)	0.51	(0.41)	1.56
SWYEX	0.42	0.01	0.02	0.02	0.50	(0.45)	0.87	(0.75)	2.34
SWYGX	0.54	0.01	0.01	0.01	0.70	(0.53)	1.07	(1.00)	3.06

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Allianzgi Nfj Correlations

Allianzgi Nfj Correlation With Market

Poor diversification

Moving together with Allianzgi Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY