Allianzgi Short Duration Fund Price on March 26, 2024
| ASHIX Fund | USD 13.42 0.03 0.22% |
Below is the normalized historical share price chart for Allianzgi Short Duration extending back to October 04, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Allianzgi Short stands at 13.42, as last reported on the 2nd of June, with the highest price reaching 13.42 and the lowest price hitting 13.42 during the day.
If you're considering investing in Allianzgi Mutual Fund, it is important to understand the factors that can impact its price. We consider Allianzgi Short very steady. Allianzgi Short Duration secures Sharpe Ratio (or Efficiency) of 0.082, which signifies that the fund had a 0.082% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Allianzgi Short Duration, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Short's Downside Deviation of 0.208, risk adjusted performance of 0.0381, and Mean Deviation of 0.1253 to double-check if the risk estimate we provide is consistent with the expected return of 0.0154%.
Allianzgi Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Allianzgi |
Sharpe Ratio = 0.082
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| Negative Returns | ASHIX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Allianzgi Short is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Allianzgi Short by adding it to a well-diversified portfolio.
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Allianzgi Short Valuation on March 26, 2024
It is possible to determine the worth of Allianzgi Short on a given historical date. On March 26, 2024 Allianzgi was worth 13.52 at the beginning of the trading date compared to the closed value of 13.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Allianzgi Short mutual fund. Still, in general, we apply an absolute valuation method to find Allianzgi Short's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Allianzgi Short where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Allianzgi Short's related companies.
| Open | High | Low | Close | Volume | |
| 13.53 | 13.53 | 13.37 | 13.37 | 1.00 | |
03/26/2024 | 13.52 | 13.52 | 13.36 | 13.36 | 1.00 |
| 13.53 | 13.53 | 13.37 | 13.37 | 1.00 |
| Backtest Allianzgi Short | | | Allianzgi Short History | | | Allianzgi Short Valuation | Previous | Next |
Allianzgi Short Trading Date Momentum on March 26, 2024
| On March 27 2024 Allianzgi Short Duration was traded for 13.37 at the closing time. The highest daily price throughout the period was 13.53 and the lowest price was 13.37 . There was no trading activity during the period 1.0. Lack of trading volume on 03/27/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.07% . The overall trading delta to current closing price is 1.12% . |
Allianzgi Short Duration Fundamentals Correlations and Trends
By evaluating Allianzgi Short's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Allianzgi Short's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Allianzgi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Allianzgi Short Mutual Fund history
Allianzgi Short investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Allianzgi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Allianzgi Short Duration will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Allianzgi Short stock prices may prove useful in developing a viable investing in Allianzgi Short
The fund seeks to achieve its investment objective by normally investing at least 80 percent of its net assets in debt securities issued by public and private companies, which are rated below investment grade, while maintaining an average duration of less than three years, and in derivatives and other synthetic instruments that have economic characteristics similar to such debt securities.
Allianzgi Short Mutual Fund Technical Analysis
Allianzgi Short 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.
Price Boundaries
Allianzgi Short Period Price Range
Low | March 26, 2024
| High |
13.52 | 13.36 |
Allianzgi Short June 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Allianzgi Short mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allianzgi Short shares will generate the highest return on investment. By undertsting and applying Allianzgi Short mutual fund market strength indicators, traders can identify Allianzgi Short Duration entry and exit signals to maximize returns
Allianzgi Short Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Allianzgi Short's price direction in advance. Along with the technical and fundamental analysis of Allianzgi Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Allianzgi to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0022 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0482 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allianzgi Short Duration. 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 gross domestic product. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.