Allianzgi Convertible Competition

Funds . USA . 
Fund . Allianzgi Convertible Income
NCZ Fund  USD 3.26  0.03  0.93%   
Allianzgi Convertible competes with Clough Global, Nuveen Municipal, Putnam High, Virtus Dividend, and Blackrock Muniyield; as well as few others. The fund is not categorized under any group at the present time. Analyzing Allianzgi Convertible competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Allianzgi Convertible to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Allianzgi Convertible Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Allianzgi Convertible competition on your existing holdings.
  
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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.
Hype
Prediction
LowEstimatedHigh
2.123.274.42
Details
Intrinsic
Valuation
LowRealHigh
2.293.444.59
Details
Naive
Forecast
LowNextHigh
2.153.314.46
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.933.113.28
Details

Allianzgi Convertible Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Allianzgi Convertible and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Allianzgi and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Allianzgi Convertible does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
MYI
+ 0.95
MQY
CMU
+ 0.89
MQY
MYI
+ 0.88
MYD
MYI
+ 0.87
NMCO
MQY
+ 0.85
MYD
MUE
+ 0.85
MYD
  
High negative correlations   
PCF
- 0.2
NMCO
NMCO
- 0.16
GLV

Risk-Adjusted Indicators

There is a big difference between Allianzgi Fund performing well and Allianzgi Convertible Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Allianzgi Convertible's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GLV  0.63  0.00 (0.09) 0.10  0.78 
(0.70)
 1.38 
(1.22)
 4.91 
NMCO  0.53 (0.04) 0.00 (3.93) 0.00 
 0.00 
 1.04 
(1.35)
 3.99 
PCF  0.40  0.03 (0.12) 0.26  0.37 
(0.49)
 0.90 
(0.89)
 2.10 
NFJ  0.48  0.01 (0.06) 0.12  0.55 
(0.49)
 1.04 
(0.85)
 2.62 
MYD  0.49  0.00 (0.15) 0.18  0.55 
(0.56)
 1.08 
(1.06)
 2.65 
MUI  0.29  0.01 (0.13) 1.78  0.48 
(0.32)
 0.73 
(0.65)
 3.31 
MQY  0.40 (0.02) 0.00  1.08  0.00 
 0.00 
 0.81 
(1.07)
 2.74 
MYI  0.37 (0.01) 0.00 (4.83) 0.00 
 0.00 
 0.87 
(0.94)
 2.59 
MUE  0.39  0.03 (0.13)(1.15) 0.47 
(0.40)
 0.85 
(0.76)
 2.47 
CMU  0.38  0.03 (0.13)(0.17) 0.42 
(0.51)
 0.85 
(0.84)
 2.54 
All Fundamental Data

Allianzgi Convertible Competitive Analysis

The better you understand Allianzgi Convertible competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Allianzgi Convertible's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Allianzgi Convertible's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NCZ GLV NMCO PCF NFJ MYD MUI MQY MYI MUE
 0.93 
 3.26 
Allianzgi
 0.35 
 5.72 
Clough
 0.36 
 11.01 
Nuveen
 0.30 
 6.73 
Putnam
 0.15 
 12.97 
Virtus
 0.27 
 11.16 
Blackrock
 0.24 
 12.56 
Blackrock
 0.24 
 12.29 
Blackrock
 0.35 
 11.26 
Blackrock
 0.57 
 10.62 
Blackrock
Market Volatility
(90 Days Market Risk)
Somewhat reliable
Not too volatile
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Good
Weak
Very Weak
OK
Modest
Weak
Insignificant
Very Weak
Very Weak
Modest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Under Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Buy
Strong Buy
Strong Hold
Strong Buy
Strong Buy
Buy
Strong Hold
Strong Hold
Strong Hold
Strong Hold
Current Ratio
1.09
1.29
1.68
6.43
1.42
0.17
0.04
0.09
0.06
0.21
Net Asset
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Profit Margin
-128.9
N/A
-92.17
232.36
N/A
134.34
163.95
140.24
-242.25
-223.63
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Book
0.62
0.69
0.83
0.8
0.79
0.75
0.73
0.74
0.85
0.71
Operating Margin
72.65
30.22
78.66
66.75
28.32
85.67
82.82
86.46
80.04
84.04
Current Valuation
490.64 M
135.85 M
1.02 B
112.19 M
1.05 B
839.21 M
1.51 B
1.46 B
1.35 B
391.82 M
Five Year Return
2.81
-1.43
0.67
4.78
7.85
0.46
0.37
0.62
0.77
0.68
Retained Earnings
(585.32 M)
(57.83 M)
N/A
N/A
N/A
(99.31 M)
N/A
N/A
N/A
(23.84 M)
One Year Return
21.64
16.15
18.34
9.87
17.92
11.64
10.0
10.82
10.52
10.6
Beta
1.21
0.9
0.6
0.81
1.1
0.52
0.35
0.24
0.25
0.42
Shares Outstanding
76.12 M
11.24 M
53.32 M
9.49 M
94.8 M
46.92 M
38.3 M
73.19 M
68.15 M
22.52 M
Three Year Return
-6.1
-6.66
-3.72
3.21
1.27
-2.99
-2.23
-2.68
-2.32
-2.31
Cash Flow From Operations
63.46 M
(20.55 M)
31.29 M
N/A
N/A
173 M
124.18 M
163.57 M
39.13 M
26.57 M
Annual Yield
0.0075
0.0148
0.0042
0.0078
0.0207
0.0055
0.0048
0.0082
0.0035
0.0097
Total Debt
N/A
63.39 M
474.86 M
N/A
N/A
390.65 M
742.23 M
681.09 M
597.84 M
179.18 M
Return On Equity
15.74
-17.42
-7.28
7.08
-9.47
-14.25
-11.9
-13.68
-13.82
-13.26
Return On Asset
1.87
0.32
2.36
1.26
0.24
1.96
1.2
1.98
1.77
1.91
Number Of Shares Shorted
148.25 K
13.51 K
26.22 K
28.75 K
118.89 K
45.94 K
89.16 K
35.51 K
38.35 K
20.69 K
Book Value Per Share
4.87
10.23
13.23
8.65
15.21
14.52
15.67
16.04
13.04
14.44
Total Asset
551.78 M
218.47 M
N/A
N/A
N/A
877.5 M
N/A
N/A
N/A
476.79 M
Last Dividend Paid
0.45
1.09
0.69
0.88
0.98
0.49
0.52
0.56
0.49
0.5
Debt To Equity
17.6
0.62
0.67
N/A
N/A
0.66
0.75
0.68
0.67
0.66
Short Ratio
0.26
0.25
0.12
0.43
0.37
0.27
0.41
0.14
0.16
0.27
Shares Owned By Institutions
27.57
9.86
14.41
22.02
34.25
20.73
66.05
15.69
34.92
21.72
Market Capitalization
309.79 M
76.47 M
587.55 M
74.76 M
1.32 B
545.21 M
474.11 M
935.07 M
799.41 M
252.29 M
Price To Earning
8.89
3.03
3.26
113.44
6.84
36.22
27.32
21.05
15.74
13.98
Price To Sales
10.48
26.23
9.88
18.17
56.6
13.67
7.01
12.78
13.49
13.01
Net Income
(34.6 M)
(17.49 M)
(54.81 M)
8.4 M
(141.21 M)
49.95 M
102.26 M
94.66 M
(135.09 M)
(39.71 M)
Earnings Per Share
0.34
-0.77
3.38
0.06
1.76
0.3
0.42
0.56
-0.35
0.73
Shares Owned By Insiders
0.01
0.09
N/A
N/A
0.01
N/A
0.01
N/A
N/A
N/A
Year To Date Return
10.72
11.23
9.42
4.75
7.17
1.77
0.82
1.52
1.14
2.6
Revenue
22.02 M
3.02 M
59.47 M
3.61 M
20.2 M
37.18 M
62.37 M
67.5 M
55.76 M
17.76 M
Cash And Equivalents
100 K
3.26 M
4.77 M
110.07 K
501 K
78.92 K
617.29 K
592.59 K
52.84 K
30.09 K
Cash Per Share
N/A
0.28
0.09
0.01
N/A
N/A
0.01
0.01
N/A
N/A
Gross Profit
21.8 M
3.09 M
61.21 M
2.77 M
19.45 M
37.18 M
62.37 M
67.5 M
55.76 M
17.76 M
Day Typical Price
3.25
5.71
11.02
6.74
12.98
11.15
12.55
12.3
11.28
10.59
Accumulation Distribution
0.0122
536.53
1683.37
2898.28
789.17
1292.6
2149.4
1898.21
1619.94
645.73
Market Facilitation Index
0.04
0.0
0.0
N/A
N/A
0.0
N/A
0.0
N/A
0.0
Daily Balance Of Power
0.75
0.3333
(0.33)
0.3333
(0.33)
0.3333
0.4286
0.2727
(0.50)
0.6667
Period Momentum Indicator
0.03
0.02
(0.04)
0.02
(0.02)
0.03
0.03
0.03
(0.04)
0.06
Rate Of Daily Change
1.01
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.01
Day Median Price
3.25
5.7
11.02
6.74
12.98
11.15
12.55
12.31
11.29
10.58
Price Action Indicator
0.025
0.03
(0.03)
N/A
(0.02)
0.03
0.03
N/A
(0.05)
0.075
Coefficient Of Variation
584.75
2866.49
(2,594)
945.89
841.04
3115.95
2018.34
(4,429)
(12,932)
1388.3
Mean Deviation
0.8741
0.6303
0.5272
0.3959
0.4821
0.4936
0.2935
0.4008
0.3683
0.387
Jensen Alpha
0.1229
(0.0006)
(0.04)
0.0272
0.0094
0.0042
0.0148
(0.02)
(0.01)
0.0283
Total Risk Alpha
0.0375
(0.09)
(0.13)
(0.02)
(0.02)
(0.07)
(0.05)
(0.09)
(0.08)
(0.04)
Sortino Ratio
0.0779
(0.09)
N/A
(0.12)
(0.06)
(0.15)
(0.13)
N/A
N/A
(0.13)
Downside Variance
1.35
0.8108
N/A
0.2286
0.3932
0.3488
0.4383
N/A
N/A
0.3363
Standard Deviation
1.17
0.8772
0.7101
0.5122
0.6078
0.6122
0.5189
0.5365
0.52
0.5008
Kurtosis
1.4
2.37
1.16
0.4197
(0.04)
(0.43)
8.22
0.4935
1.2
(0.08)
Potential Upside
1.96
1.38
1.04
0.9009
1.04
1.08
0.727
0.8091
0.8726
0.8507
Treynor Ratio
0.2819
0.0964
(3.93)
0.2585
0.1172
0.1751
1.78
1.08
(4.83)
(1.15)
Maximum Drawdown
5.22
4.91
3.99
2.1
2.62
2.65
3.31
2.74
2.59
2.47
Variance
1.37
0.7694
0.5043
0.2624
0.3695
0.3748
0.2692
0.2878
0.2705
0.2508
Market Risk Adjusted Performance
0.2919
0.1064
(3.92)
0.2685
0.1272
0.1851
1.79
1.09
(4.82)
(1.14)
Risk Adjusted Performance
0.1339
0.0279
(0.03)
0.0757
0.0881
0.022
0.0331
(0.02)
(0.01)
0.0497
Skewness
0.4933
0.4044
(0.42)
0.1934
(0.11)
0.083
0.0919
(0.48)
(0.1)
(0.20)
Semi Deviation
0.8165
0.7825
N/A
0.3656
0.5511
0.5465
0.4834
N/A
N/A
0.4696
Information Ratio
0.0774
(0.09)
(0.19)
(0.11)
(0.06)
(0.15)
(0.16)
(0.23)
(0.22)
(0.15)
Value At Risk
(1.69)
(1.22)
(1.35)
(0.89)
(0.85)
(1.06)
(0.65)
(1.07)
(0.94)
(0.76)
Expected Short fall
(1.13)
(0.70)
N/A
(0.49)
(0.49)
(0.56)
(0.32)
N/A
N/A
(0.40)
Downside Deviation
1.16
0.9004
N/A
0.4781
0.6271
0.5906
0.662
N/A
N/A
0.5799
Semi Variance
0.6667
0.6123
N/A
0.1337
0.3037
0.2987
0.2337
N/A
N/A
0.2206

Allianzgi Convertible Competition Performance Charts

Five steps to successful analysis of Allianzgi Convertible Competition

Allianzgi Convertible's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Allianzgi Convertible in relation to its competition. Allianzgi Convertible's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Allianzgi Convertible in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Allianzgi Convertible's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Allianzgi Convertible, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Allianzgi Convertible position

In addition to having Allianzgi Convertible in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Transportation
Transportation Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Transportation theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Transportation Theme or any other thematic opportunities.
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Other Information on Investing in Allianzgi Fund

Allianzgi Convertible financial ratios help investors to determine whether Allianzgi Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Allianzgi with respect to the benefits of owning Allianzgi Convertible security.
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