Allianzgi Technology Fund Quote
| RCGTX Fund | USD 11.07 0.06 0.54% |
Performance3 of 100
| Odds Of DistressLess than 22
|
Allianzgi Technology is trading at 11.07 as of the 19th of April 2024; that is -0.54% down since the beginning of the trading day. The fund's open price was 11.13. Allianzgi Technology has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Allianzgi Technology Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in common stocks of U.S. companies and other U.S.-traded equity securities of technology companies. The funds managers consider U.S.-traded equity securities to include ADRs, as well as securities that are traded in the U.S. More on Allianzgi Technology Fund
Moving against Allianzgi Mutual Fund
| 0.79 | SBIGW | SpringBig Holdings | PairCorr |
| 0.77 | DLPX | Delphax Technologies | PairCorr |
| 0.7 | NOGWQ | Nogin Inc | PairCorr |
| 0.66 | DMAN | Innovativ Media Group | PairCorr |
| 0.56 | CETXP | Cemtrex Pref | PairCorr |
| 0.53 | ELCO | Elcom International | PairCorr |
| 0.46 | WETH | Wetouch Technology Common | PairCorr |
Allianzgi Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Allianzgi Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Allianzgi Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Allianz Global Investors Funds, Large Growth Funds, Technology Funds, Technology, Allianz Global Investors, Large Growth, Technology (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 6th of November 2020 |
| Fiscal Year End | June |
Allianzgi Technology Fund [RCGTX] is traded in USA and was established 19th of April 2024. Allianzgi Technology is listed under Allianz Global Investors category by Fama And French industry classification. The fund is listed under Technology category and is part of Allianz Global Investors family. This fund at this time has accumulated 2.51 B in assets with no minimum investment requirementsAllianzgi Technology is currently producing year-to-date (YTD) return of 10.98%, while the total return for the last 3 years was 3.44%.
Check Allianzgi Technology Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Allianzgi Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Allianzgi Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Allianzgi Technology Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Allianzgi Technology Fund Mutual Fund Constituents
| FB | Meta Platforms | Stock | Internet Content & Information |
| MA | Mastercard | Stock | Financials |
| SQ | Block Inc | Stock | Information Technology |
| PAYC | Paycom Soft | Stock | Information Technology |
| TSLA | Tesla Inc | Stock | Consumer Discretionary |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary |
| PYPL | PayPal Holdings | Stock | Financials |
Allianzgi Technology Target Price Odds Analysis
Based on a normal probability distribution, the odds of Allianzgi Technology jumping above the current price in 90 days from now is about 75.31%. The Allianzgi Technology Fund probability density function shows the probability of Allianzgi Technology mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.4068 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Allianzgi Technology will likely underperform. Additionally, allianzgi Technology Fund has an alpha of 0.022, implying that it can generate a 0.022 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Allianzgi Technology to move above the current price in 90 days from now is about 75.31 (This Allianzgi Technology Fund probability density function shows the probability of Allianzgi Mutual Fund to fall within a particular range of prices over 90 days) .
Allianzgi Technology Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Allianzgi Technology market risk premium is the additional return an investor will receive from holding Allianzgi Technology long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Allianzgi Technology. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Allianzgi Technology's alpha and beta are two of the key measurements used to evaluate Allianzgi Technology's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.1 | |||
| Semi Deviation | 1.31 | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.24 |
Allianzgi Technology Against Markets
Picking the right benchmark for Allianzgi Technology mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Allianzgi Technology mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Allianzgi Technology is critical whether you are bullish or bearish towards Allianzgi Technology Fund at a given time. Please also check how Allianzgi Technology's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Allianzgi Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Allianzgi Mutual Fund?
Before investing in Allianzgi Technology, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Allianzgi Technology. To buy Allianzgi Technology fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Allianzgi Technology. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Allianzgi Technology fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Allianzgi Technology Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Allianzgi Technology Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Allianzgi Technology Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Allianzgi Technology Fund?
The danger of trading Allianzgi Technology Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Allianzgi Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Allianzgi Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Allianzgi Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Allianzgi Technology Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.