Allianzgi Convertible Income Fund Market Value
| XNCVX Fund | USD 3.55 0.03 0.85% |
| Symbol | Allianzgi |
Please note, there is a significant difference between Allianzgi Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allianzgi Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allianzgi Convertible's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Allianzgi Convertible '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 Convertible'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 Convertible.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Allianzgi Convertible on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Convertible Income or generate 0.0% return on investment in Allianzgi Convertible over 30 days. Allianzgi Convertible is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Allianzgi Convertible is entity of United States More
Allianzgi Convertible 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 Convertible'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 Convertible Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.09 |
Allianzgi Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Convertible's standard deviation. In reality, there are many statistical measures that can use Allianzgi Convertible historical prices to predict the future Allianzgi Convertible's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 1.63 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Convertible'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 Convertible Backtested Returns
Allianzgi Convertible secures Sharpe Ratio (or Efficiency) of -0.0667, which signifies that the fund had a -0.0667% return per unit of risk over the last 3 months. Allianzgi Convertible Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allianzgi Convertible's Risk Adjusted Performance of (0.02), mean deviation of 0.552, and Standard Deviation of 0.7526 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0252, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Allianzgi Convertible are expected to decrease at a much lower rate. During the bear market, Allianzgi Convertible is likely to outperform the market.
Auto-correlation | 0.81 |
Very good predictability
Allianzgi Convertible Income has very good predictability. Overlapping area represents the amount of predictability between Allianzgi Convertible time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Convertible price movement. The serial correlation of 0.81 indicates that around 81.0% of current Allianzgi Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Allianzgi Convertible lagged returns against current returns
Autocorrelation, which is Allianzgi Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Convertible returns to help us make a trade decision. For example, suppose you find that Allianzgi Convertible 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 Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Convertible 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 Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Convertible Lagged Returns
When evaluating Allianzgi Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Convertible mutual fund have on its future price. Allianzgi Convertible 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 Convertible autocorrelation shows the relationship between Allianzgi Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Convertible Income.
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 Convertible 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 Convertible's short interest history, or implied volatility extrapolated from Allianzgi Convertible options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Allianzgi Convertible Correlation, Allianzgi Convertible Volatility and Allianzgi Convertible Alpha and Beta module to complement your research on Allianzgi Convertible. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Allianzgi Convertible 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.