Allianzgi Focused Growth Fund Market Value
| PGWCX Fund | USD 28.96 0.34 1.19% |
| Symbol | Allianzgi |
Allianzgi Focused 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Allianzgi Focused's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Allianzgi Focused.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Allianzgi Focused on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Allianzgi Focused Growth or generate 0.0% return on investment in Allianzgi Focused over 270 days. Allianzgi Focused is related to or competes with Allianzgi Nfj, Allianzgi Mid-cap, Allianzgi International, Stocksplus Fund, and Allianzgi Global. The fund seeks to achieve its investment objective by normally investing primarily in equity securities of U.S More
Allianzgi Focused Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Allianzgi Focused's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Allianzgi Focused Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0107 | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.71 |
Allianzgi Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Focused's standard deviation. In reality, there are many statistical measures that can use Allianzgi Focused historical prices to predict the future Allianzgi Focused's volatility.| Risk Adjusted Performance | 0.0555 | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0111 | |||
| Treynor Ratio | 0.0821 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Focused's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Allianzgi Focused Growth Backtested Returns
We consider Allianzgi Focused very steady. Allianzgi Focused Growth secures Sharpe Ratio (or Efficiency) of 0.0478, which signifies that the fund had a 0.0478% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Allianzgi Focused Growth, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Focused's Mean Deviation of 0.8649, downside deviation of 1.15, and Risk Adjusted Performance of 0.0555 to double-check if the risk estimate we provide is consistent with the expected return of 0.0574%. The fund shows a Beta (market volatility) of 1.07, which signifies a somewhat significant risk relative to the market. Allianzgi Focused returns are very sensitive to returns on the market. As the market goes up or down, Allianzgi Focused is expected to follow.
Auto-correlation | 0.04 |
Virtually no predictability
Allianzgi Focused Growth has virtually no predictability. Overlapping area represents the amount of predictability between Allianzgi Focused time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Allianzgi Focused Growth price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Allianzgi Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.56 |
Allianzgi Focused Growth lagged returns against current returns
Autocorrelation, which is Allianzgi Focused mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Allianzgi Focused's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Focused returns to help us make a trade decision. For example, suppose you find that Allianzgi Focused has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Allianzgi Focused regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Allianzgi Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Focused mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allianzgi Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Focused Lagged Returns
When evaluating Allianzgi Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Focused mutual fund have on its future price. Allianzgi Focused autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Allianzgi Focused autocorrelation shows the relationship between Allianzgi Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Focused Growth.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allianzgi Focused in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allianzgi Focused's short interest history, or implied volatility extrapolated from Allianzgi Focused options trading.
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Check out Allianzgi Focused Correlation, Allianzgi Focused Volatility and Allianzgi Focused Alpha and Beta module to complement your research on Allianzgi Focused. Note that the Allianzgi Focused Growth information on this page should be used as a complementary analysis to other Allianzgi Focused's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Allianzgi Focused technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.