Allianzgi Technology Fund Market Value
| RAGTX Fund | USD 50.65 0.08 0.16% |
| Symbol | Allianzgi |
Allianzgi Technology '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 Technology'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 Technology.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Allianzgi Technology on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Technology Fund or generate 0.0% return on investment in Allianzgi Technology over 60 days. Allianzgi Technology is related to or competes with Extended Market, T Rowe, Siit Emerging, Origin Emerging, Morningstar Defensive, and Rbc Emerging. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in common stocks of ... More
Allianzgi Technology 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 Technology'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 Technology Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.77 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.26 |
Allianzgi Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Technology's standard deviation. In reality, there are many statistical measures that can use Allianzgi Technology historical prices to predict the future Allianzgi Technology's volatility.| Risk Adjusted Performance | 0.0361 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0477 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Technology'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 Technology Backtested Returns
We consider Allianzgi Technology very steady. Allianzgi Technology secures Sharpe Ratio (or Efficiency) of 0.0333, which signifies that the fund had a 0.0333% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Allianzgi Technology Fund, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Technology's Mean Deviation of 1.14, downside deviation of 1.63, and Risk Adjusted Performance of 0.0361 to double-check if the risk estimate we provide is consistent with the expected return of 0.0527%. The fund shows a Beta (market volatility) of 1.36, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Allianzgi Technology will likely underperform.
Auto-correlation | -0.36 |
Poor reverse predictability
Allianzgi Technology Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Technology time series from 24th of February 2024 to 25th of March 2024 and 25th of March 2024 to 24th 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 Technology price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Allianzgi Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
Allianzgi Technology lagged returns against current returns
Autocorrelation, which is Allianzgi Technology 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 Technology's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Technology returns to help us make a trade decision. For example, suppose you find that Allianzgi Technology 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 Technology 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 Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Technology 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 Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Technology Lagged Returns
When evaluating Allianzgi Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Technology mutual fund have on its future price. Allianzgi Technology 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 Technology autocorrelation shows the relationship between Allianzgi Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Technology Fund.
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 Technology 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 Technology's short interest history, or implied volatility extrapolated from Allianzgi Technology options trading.
Currently Active Assets on Macroaxis
Check out Allianzgi Technology Correlation, Allianzgi Technology Volatility and Allianzgi Technology Alpha and Beta module to complement your research on Allianzgi Technology. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Allianzgi Technology 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.