|Horizon||30 Days Login to change|
AllianzGI NFJ Market Sensitivity
|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.One Month Beta |Analyze AllianzGI NFJ Dividend Demand TrendCheck current 30 days AllianzGI NFJ correlation with market (DOW)|
β = 0.0471
AllianzGI NFJ Dividend Technical Analysis
AllianzGI NFJ Projected Return Density Against MarketAssuming 30 trading days horizon, AllianzGI NFJ has beta of 0.0471 . This suggests as returns on market go up, AllianzGI NFJ average returns are expected to increase less than the benchmark. However during bear market, the loss on holding AllianzGI NFJ Dividend Value R6 will be expected to be much smaller as well. Moreover, AllianzGI NFJ Dividend Value R6 has an alpha of 0.0397 implying that it can potentially generate 0.0397% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
AllianzGI NFJ Return VolatilityAllianzGI NFJ Dividend Value R6 shows 0.3543% volatility of returns over 30 trading days. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.