We consider AllianzGI NFJ not too risky.
AllianzGI NFJ Dividend secures Sharpe Ratio (or Efficiency) of 0.237 which signifies that
AllianzGI NFJ Dividend had 0.237% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a fund is to use all available market data together with fund specific
technical indicators that cannot be diversified away. We have found twenty-one
technical indicators for AllianzGI NFJ Dividend Value R6 which you can use to evaluate future volatility of the entity. Please confirm AllianzGI NFJ Dividend
Downside Deviation of 0.2908,
Risk Adjusted Performance of 0.0647 and
Mean Deviation of 0.2947 to double-check if risk estimate we provide are consistent with the epected return of 0.0824%. The organization shows Beta (market volatility) of 0.1204 which signifies that as returns on market increase, AllianzGI NFJ returns are expected to increase less than the market. However during bear market, the loss on holding AllianzGI NFJ will be expected to be smaller as well.. Although it is extremely important to respect
AllianzGI NFJ Dividend historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and
technical indicators. By analyzing
AllianzGI NFJ Dividend technical indicators you can presently evaluate if the expected return of 0.0824% will be sustainable into the future.
| 15 days auto-correlation | (0.37) |
Poor reverse predictability
AllianzGI NFJ Dividend Value R6 has poor reverse predictability. Overlapping area represents the amount of predictability between AllianzGI NFJ time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 22, 2018. 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 NFJ Dividend price movement. The serial correlation of -0.37 indicates that just about 37.0% of current AllianzGI NFJ price fluctuation can be explain by its past prices. Given that AllianzGI NFJ Dividend Value R6 has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of AllianzGI NFJ for similar time interval.
| Correlation Coefficient | -0.37 |
| Spearman Rank Test | -0.23 |
| Residual Average | 0.0 |
| Price Variance | 0.01 |
