Allianzgi Convertible Income Fund Price on June 3, 2024
| NCV Fund | USD 3.68 0.02 0.55% |
Below is the normalized historical share price chart for Allianzgi Convertible Income extending back to March 27, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Allianzgi Convertible stands at 3.68, as last reported on the 26th of November, with the highest price reaching 3.69 and the lowest price hitting 3.63 during the day.
If you're considering investing in Allianzgi Fund, it is important to understand the factors that can impact its price. At this stage we consider Allianzgi Fund to be somewhat reliable. Allianzgi Convertible secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Allianzgi Convertible Income, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Convertible's Downside Deviation of 0.9902, mean deviation of 0.7632, and Risk Adjusted Performance of 0.1286 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%.
Allianzgi Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Allianzgi |
Sharpe Ratio = 0.1782
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Estimated Market Risk
| 0.98 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Allianzgi Convertible is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Allianzgi Convertible by adding it to a well-diversified portfolio.
Market Capitalization 422.9 M |
Allianzgi Convertible Valuation on June 3, 2024
It is possible to determine the worth of Allianzgi Convertible on a given historical date. On June 3, 2024 Allianzgi was worth 3.04 at the beginning of the trading date compared to the closed value of 3.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Allianzgi Convertible fund. Still, in general, we apply an absolute valuation method to find Allianzgi Convertible's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Allianzgi Convertible where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Allianzgi Convertible's related companies.
| Open | High | Low | Close | Volume | |
| 3.04 | 3.08 | 3.01 | 3.04 | 491,080 | |
06/03/2024 | 3.04 | 3.07 | 3.01 | 3.02 | 478,031 |
| 3.01 | 3.04 | 3.01 | 3.02 | 225,830 |
| Backtest Allianzgi Convertible | | | Allianzgi Convertible History | | | Allianzgi Convertible Valuation | Previous | Next |
Allianzgi Convertible Trading Date Momentum on June 3, 2024
| On June 04 2024 Allianzgi Convertible Income was traded for 3.02 at the closing time. Highest Allianzgi Convertible's price during the trading hours was 3.04 and the lowest price during the day was 3.01 . The net volume was 225.8 K. The overall trading history on the 4th of June did not affect price variability. The overall trading delta to current price is 1.32% . |
Allianzgi Convertible Fundamentals Correlations and Trends
By evaluating Allianzgi Convertible's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Allianzgi Convertible's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Allianzgi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Allianzgi Convertible Fund history
Allianzgi Convertible investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Allianzgi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Allianzgi Convertible will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Allianzgi Convertible stock prices may prove useful in developing a viable investing in Allianzgi Convertible
Virtus Convertible Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as AGIC Convertible Income Fund. Virtus Convertible Income Fund was formed on March 31, 2003 and is domiciled in the United States.
Allianzgi Convertible Fund Technical Analysis
Allianzgi Convertible technical 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.
Price Boundaries
Allianzgi Convertible Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Allianzgi Convertible Income cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Allianzgi Convertible November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Allianzgi Convertible fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allianzgi Convertible shares will generate the highest return on investment. By undertsting and applying Allianzgi Convertible fund market strength indicators, traders can identify Allianzgi Convertible Income entry and exit signals to maximize returns
Allianzgi Convertible Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Allianzgi Convertible's price direction in advance. Along with the technical and fundamental analysis of Allianzgi Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Allianzgi to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1286 | |||
| Jensen Alpha | 0.1289 | |||
| Total Risk Alpha | (0.000013) | |||
| Sortino Ratio | 0.0334 | |||
| Treynor Ratio | 0.7909 |
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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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