Allianzgi Small Cap Blend Fund Market Value
| AZBIX Fund | USD 22.07 0.16 0.72% |
| Symbol | Allianzgi |
Allianzgi Small '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 Small'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 Small.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Allianzgi Small on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Allianzgi Small Cap Blend or generate 0.0% return on investment in Allianzgi Small over 720 days. Allianzgi Small is related to or competes with Vanguard Small, Fidelity Small, T Rowe, and T Rowe. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in companies with sm... More
Allianzgi Small 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 Small'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 Small Cap Blend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.42 |
Allianzgi Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Small's standard deviation. In reality, there are many statistical measures that can use Allianzgi Small historical prices to predict the future Allianzgi Small's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0169 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Small'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 Small Cap Backtested Returns
We consider Allianzgi Small very steady. Allianzgi Small Cap secures Sharpe Ratio (or Efficiency) of 0.0222, which signifies that the fund had a 0.0222% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Allianzgi Small Cap Blend, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Small's Mean Deviation of 0.7696, downside deviation of 1.16, and Risk Adjusted Performance of 0.0234 to double-check if the risk estimate we provide is consistent with the expected return of 0.0224%. The fund shows a Beta (market volatility) of 1.26, 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 Small will likely underperform.
Auto-correlation | 0.46 |
Average predictability
Allianzgi Small Cap Blend has average predictability. Overlapping area represents the amount of predictability between Allianzgi Small time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th 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 Small Cap price movement. The serial correlation of 0.46 indicates that about 46.0% of current Allianzgi Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
Allianzgi Small Cap lagged returns against current returns
Autocorrelation, which is Allianzgi Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Small returns to help us make a trade decision. For example, suppose you find that Allianzgi Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Small Lagged Returns
When evaluating Allianzgi Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Small mutual fund have on its future price. Allianzgi Small 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 Small autocorrelation shows the relationship between Allianzgi Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Small Cap Blend.
Regressed Prices |
| Timeline |
Pair Trading with Allianzgi Small
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allianzgi Small position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allianzgi Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Allianzgi Mutual Fund
| 0.83 | ANJIX | Allianzgi Nfj Intern | PairCorr |
| 0.95 | ANNPX | Allianzgi Vertible | PairCorr |
| 0.93 | ANPRX | Allianzgi Nfj Mid | PairCorr |
| 0.86 | PGFIX | Allianzgi Focused Growth | PairCorr |
| 0.94 | ANVIX | Allianzgi Nfj Large | PairCorr |
The ability to find closely correlated positions to Allianzgi Small could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allianzgi Small when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allianzgi Small - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allianzgi Small Cap Blend to buy it.
The correlation of Allianzgi Small 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allianzgi Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allianzgi Small Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allianzgi Small can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Allianzgi Small Correlation, Allianzgi Small Volatility and Allianzgi Small Alpha and Beta module to complement your research on Allianzgi Small. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Allianzgi Small 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.