Virtus Allianzgi Convertible Preferred Stock Today
| NCV-PA Preferred Stock | USD 22.49 0.31 1.36% |
Performance8 of 100
| Odds Of DistressLess than 23
|
Virtus AllianzGI is trading at 22.49 as of the 23rd of April 2024, a -1.36 percent decrease since the beginning of the trading day. The preferred stock's open price was 22.8. Virtus AllianzGI has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Virtus AllianzGI Convertible are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2023 and ending today, the 23rd of April 2024. Click here to learn more.
AllianzGI Convertible Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. AllianzGI Convertible Income Fund was formed on March 31, 2003 and is domiciled in the United States. AllianzGI Convertible is traded on NYQ Exchange in the United States.. The company has 89.19 M outstanding shares of which 61 shares are now shorted by private and institutional investors with about 0.01 days to cover all short positions. More on Virtus AllianzGI Convertible
Moving together with Virtus Preferred Stock
| 0.72 | APO | Apollo Global Management Financial Report 14th of May 2024 | PairCorr |
| 0.64 | IVSXF | Investor AB | PairCorr |
| 0.9 | AMP | Ameriprise Financial Earnings Call Today | PairCorr |
Follow Valuation Odds of Bankruptcy
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Virtus Preferred Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Virtus AllianzGI's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Virtus AllianzGI or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Asset Management, Financial Services (View all Sectors) |
Virtus AllianzGI Convertible (NCV-PA) is traded on New York Stock Exchange in USA. It is located in 1633 Broadway, New York, NY, United States, 10019 . The company currently falls under 'Small-Cap' category with a current market capitalization of 446.18 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Virtus AllianzGI's market, we take the total number of its shares issued and multiply it by Virtus AllianzGI's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Virtus AllianzGI Con operates under Financial Services sector and is part of Asset Management industry. The entity has 89.19 M outstanding shares of which 61 shares are now shorted by private and institutional investors with about 0.01 days to cover all short positions.
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Ownership AllocationVirtus AllianzGI Con shows a total of 89.19 Million outstanding shares. About 83.0 % of Virtus AllianzGI outstanding shares are held by general public with 16.97 % by institutional holders. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Virtus Stock Price Odds Analysis
What are Virtus AllianzGI's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Virtus AllianzGI jumping above the current price in 90 days from now is about 24.44%. The Virtus AllianzGI Convertible probability density function shows the probability of Virtus AllianzGI preferred stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Virtus AllianzGI has a beta of 0.1413. This indicates as returns on the market go up, Virtus AllianzGI average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Virtus AllianzGI Convertible will be expected to be much smaller as well. Additionally, virtus AllianzGI Convertible has an alpha of 0.1071, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Virtus AllianzGI to move above the current price in 90 days from now is about 24.44 (This Virtus AllianzGI Convertible probability density function shows the probability of Virtus Preferred Stock to fall within a particular range of prices over 90 days) .
Virtus AllianzGI Con Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Virtus AllianzGI market risk premium is the additional return an investor will receive from holding Virtus AllianzGI long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Virtus AllianzGI. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Virtus AllianzGI's alpha and beta are two of the key measurements used to evaluate Virtus AllianzGI's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0854 | |||
| Jensen Alpha | 0.1071 | |||
| Total Risk Alpha | (0.00000591) | |||
| Sortino Ratio | 0.0377 |
Virtus Stock Against Markets
Picking the right benchmark for Virtus AllianzGI preferred stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Virtus AllianzGI preferred stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Virtus AllianzGI is critical whether you are bullish or bearish towards Virtus AllianzGI Convertible at a given time. Please also check how Virtus AllianzGI's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Virtus AllianzGI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Virtus Preferred Stock?
Before investing in Virtus AllianzGI, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Virtus AllianzGI. To buy Virtus AllianzGI preferred stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Virtus AllianzGI. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Virtus AllianzGI preferred stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Virtus AllianzGI Convertible preferred stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Virtus AllianzGI Convertible preferred stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the preferred stock
It's important to note that investing in stocks, such as Virtus AllianzGI Convertible, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in preferred stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Virtus AllianzGI Convertible?
The danger of trading Virtus AllianzGI Convertible is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Virtus AllianzGI is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Virtus AllianzGI. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Virtus AllianzGI Con is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Virtus AllianzGI Convertible. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Virtus Preferred Stock analysis
When running Virtus AllianzGI's price analysis, check to measure Virtus AllianzGI's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Virtus AllianzGI is operating at the current time. Most of Virtus AllianzGI's value examination focuses on studying past and present price action to predict the probability of Virtus AllianzGI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Virtus AllianzGI's price. Additionally, you may evaluate how the addition of Virtus AllianzGI to your portfolios can decrease your overall portfolio volatility.
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