Allianzgi Global Correlations

Mutual Funds . USA . 
Fund . Allianzgi Global Sustainability
ASTNX Fund  USD 14.34  0.02  0.14%   
The current 90-days correlation between Allianzgi Global Sus and Columbia Real Estate is 0.35 (i.e., Weak 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

Very weak diversification

The correlation between Allianzgi Global Sustainabilit and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianzgi Global Sustainabilit 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 Global Sustainability. 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 board of governors.

Moving together with Allianzgi Mutual Fund

  0.89ANJIX Allianzgi Nfj InternPairCorr
  0.78AOPAX Allianzgi InternationalPairCorr
  0.77AOPCX Allianzgi InternationalPairCorr
  0.82AOTIX Allianzgi EmergingPairCorr
  0.82AOTAX Allianzgi EmergingPairCorr
  0.83AOTCX Allianzgi EmergingPairCorr
  1.0ASUAX Allianzgi Global SusPairCorr
  0.79AWTAX Allianzgi Global WaterPairCorr
  0.8AWTCX Allianzgi Global WaterPairCorr
  0.79AWTIX Allianzgi Global WaterPairCorr
  0.9AFJAX Allianzgi Nfj InternPairCorr
  0.9AFJCX Allianzgi Nfj InternPairCorr

Related Correlations Analysis

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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.

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