Allianzgi Mid Cap Fund Market Value
| RMDAX Fund | USD 3.87 0.05 1.28% |
| Symbol | Allianzgi |
Allianzgi Mid-cap '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 Mid-cap'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 Mid-cap.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Allianzgi Mid-cap on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Mid Cap Fund or generate 0.0% return on investment in Allianzgi Mid-cap over 90 days. Allianzgi Mid-cap is related to or competes with Allianzgi Nfj, Allianzgi Vertible, Allianzgi Nfj, Allianzgi Focused, Allianzgi Nfj, Allianzgi Vertible, and Allianzgi Vertible. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in common stocks and... More
Allianzgi Mid-cap 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 Mid-cap'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 Mid Cap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.0037 | |||
| Maximum Drawdown | 5.44 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.57 |
Allianzgi Mid-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Mid-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Mid-cap's standard deviation. In reality, there are many statistical measures that can use Allianzgi Mid-cap historical prices to predict the future Allianzgi Mid-cap's volatility.| Risk Adjusted Performance | 0.0478 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.003 | |||
| Treynor Ratio | 0.0532 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Mid-cap'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 Mid Cap Backtested Returns
We consider Allianzgi Mid-cap somewhat reliable. Allianzgi Mid Cap secures Sharpe Ratio (or Efficiency) of 0.0091, which signifies that the fund had a 0.0091% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Allianzgi Mid Cap Fund, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Mid-cap's Downside Deviation of 1.26, mean deviation of 0.7894, and Risk Adjusted Performance of 0.0478 to double-check if the risk estimate we provide is consistent with the expected return of 0.0093%. The fund shows a Beta (market volatility) of 1.17, 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 Mid-cap will likely underperform.
Auto-correlation | 0.02 |
Virtually no predictability
Allianzgi Mid Cap Fund has virtually no predictability. Overlapping area represents the amount of predictability between Allianzgi Mid-cap time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th 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 Mid Cap price movement. The serial correlation of 0.02 indicates that only 2.0% of current Allianzgi Mid-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Allianzgi Mid Cap lagged returns against current returns
Autocorrelation, which is Allianzgi Mid-cap 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 Mid-cap's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Mid-cap returns to help us make a trade decision. For example, suppose you find that Allianzgi Mid-cap 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 Mid-cap 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 Mid-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Mid-cap 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 Mid-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Mid-cap Lagged Returns
When evaluating Allianzgi Mid-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Mid-cap mutual fund have on its future price. Allianzgi Mid-cap 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 Mid-cap autocorrelation shows the relationship between Allianzgi Mid-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Mid Cap Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allianzgi Mid-cap in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allianzgi Mid-cap's short interest history, or implied volatility extrapolated from Allianzgi Mid-cap options trading.
Currently Active Assets on Macroaxis
Check out Allianzgi Mid-cap Correlation, Allianzgi Mid-cap Volatility and Allianzgi Mid-cap Alpha and Beta module to complement your research on Allianzgi Mid-cap. Note that the Allianzgi Mid Cap information on this page should be used as a complementary analysis to other Allianzgi Mid-cap's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Allianzgi Mid-cap 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.