Allianzgi Nfj Correlations

PSVIX Fund

USD 16.19 0.13 0.80%

The current 90-days correlation between Allianzgi Nfj Small and Delaware Limited Term Diversified is 0.01 (i.e., Significant 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

Weak diversification

The correlation between Allianzgi Nfj Small Cap and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Nfj Small 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 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 gross domestic product.

Moving together with Allianzgi Mutual Fund

0.96	ANPRX	Allianzgi Nfj Mid	Pair Corr
0.86	PGFIX	Allianzgi Focused Growth	Pair Corr
0.96	ANVIX	Allianzgi Nfj Large	Pair Corr
0.91	PGWCX	Allianzgi Focused Growth	Pair Corr
0.73	PGWAX	Allianzgi Focused Growth	Pair Corr
0.66	AOPAX	Allianzgi International	Pair Corr
0.66	AOPCX	Allianzgi International	Pair Corr
0.63	RAGHX	Allianzgi Health Sciences	Pair Corr
0.62	HLHIX	Allianzgi Health Sciences	Pair Corr
0.97	ASCFX	Allianzgi Small Cap	Pair Corr
0.63	RCGHX	Allianzgi Health Sciences	Pair Corr
0.96	PNBAX	Allianzgi Nfj Large	Pair Corr
0.96	PNBCX	Allianzgi Nfj Large	Pair Corr
0.95	PNECX	Allianzgi Nfj Dividend	Pair Corr
0.95	PNEAX	Allianzgi Nfj Dividend	Pair Corr
0.95	NFJEX	Allianzgi Nfj Dividend	Pair Corr
0.87	AWTAX	Allianzgi Global Water	Pair Corr
0.87	AWTCX	Allianzgi Global Water	Pair Corr
0.87	AWTIX	Allianzgi Global Water	Pair Corr
0.74	RGLIX	Allianzgi Global Natural	Pair Corr
0.84	RGSCX	Allianzgi Global Small	Pair Corr
0.9	RGSAX	Allianzgi Global Small	Pair Corr

Related Correlations Analysis

	DLTZX	WDIAX	GQESX	XACVX	ISFYX	PDAAX	SRDAX	JPDVX
DLTZX		-0.15	-0.09	0.48	0.45	0.72	0.8	0.06	DLTZX
WDIAX	-0.15		0.73	0.23	0.6	0.16	-0.5	0.69	WDIAX
GQESX	-0.09	0.73		0.49	0.74	0.48	-0.55	0.95	GQESX
XACVX	0.48	0.23	0.49		0.84	0.83	0.18	0.64	XACVX
ISFYX	0.45	0.6	0.74	0.84		0.83	0.01	0.86	ISFYX
PDAAX	0.72	0.16	0.48	0.83	0.83		0.3	0.65	PDAAX
SRDAX	0.8	-0.5	-0.55	0.18	0.01	0.3		-0.43	SRDAX
JPDVX	0.06	0.69	0.95	0.64	0.86	0.65	-0.43		JPDVX
	DLTZX	WDIAX	GQESX	XACVX	ISFYX	PDAAX	SRDAX	JPDVX

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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

JPDVX	+ 0.95	GQESX
JPDVX	+ 0.86	ISFYX
ISFYX	+ 0.84	XACVX
PDAAX	+ 0.83	XACVX
PDAAX	+ 0.83	ISFYX
SRDAX	+ 0.8	DLTZX

High negative correlations

SRDAX	- 0.55	GQESX
SRDAX	- 0.5	WDIAX
JPDVX	- 0.43	SRDAX
WDIAX	- 0.15	DLTZX
GQESX	- 0.09	DLTZX

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
DLTZX	0.08	0.01	(0.35)	(0.41)	0.00	(0.19)	0.26	(0.13)	0.64
WDIAX	0.57	(0.01)	(0.08)	0.02	0.68	(0.69)	1.10	(0.96)	5.40
GQESX	0.57	0.00	(0.06)	0.07	1.11	(0.48)	1.17	(1.52)	5.13
XACVX	0.70	0.07	0.00	0.67	1.01	(0.73)	1.43	(1.48)	5.43
ISFYX	0.28	0.02	(0.10)	1.70	0.35	(0.30)	0.63	(0.50)	2.00
PDAAX	0.17	0.01	(0.22)	(1.52)	0.11	(0.26)	0.52	(0.31)	1.35
SRDAX	0.15	0.03	(0.15)	1.70	0.00	(0.20)	0.38	(0.37)	1.05
JPDVX	0.45	(0.01)	(0.09)	(0.04)	0.71	(0.45)	0.94	(1.19)	3.40

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