Allianzgi Convertible Income Fund Manager Performance Evaluation
| NCV Fund | USD 3.72 0.06 1.64% |
The fund shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Convertible is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Allianzgi Convertible Income are ranked lower than 14 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly inconsistent fundamental indicators, Allianzgi Convertible may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more1 | NCV stock touches 52-week high at 3.49 amid market optimism - Investing.com Australia | 09/20/2024 |
2 | NCV stock touches 52-week high at 3.58 amid market rally - Investing.com Canada | 11/19/2024 |
| Expense Ratio | 2.4400 |
Allianzgi |
Allianzgi Convertible Relative Risk vs. Return Landscape
If you would invest 334.00 in Allianzgi Convertible Income on September 2, 2024 and sell it today you would earn a total of 38.00 from holding Allianzgi Convertible Income or generate 11.38% return on investment over 90 days. Allianzgi Convertible Income is generating 0.1731% of daily returns assuming volatility of 0.9665% on return distribution over 90 days investment horizon. In other words, 8% of funds are less volatile than Allianzgi, and above 97% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Allianzgi Convertible Current Valuation
Undervalued
Today
Please note that Allianzgi Convertible's price fluctuation is not too volatile at this time. At this time, the entity appears to be undervalued. Allianzgi Convertible shows a prevailing Real Value of $3.9 per share. The current price of the fund is $3.72. We determine the value of Allianzgi Convertible from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor buying undervalued funds and disposing overvalued funds since, at some point, fund prices and their ongoing real values will blend.
The fair value of the Allianzgi fund is determined by what a typical buyer is willing to pay for full or partial control of Allianzgi Convertible Income. Since Allianzgi Convertible is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Allianzgi Fund. However, Allianzgi Convertible's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 3.72 | Real 3.9 | Hype 3.74 | Naive 3.77 |
The intrinsic value of Allianzgi Convertible's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Allianzgi Convertible's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Allianzgi Convertible Income helps investors to forecast how Allianzgi fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Allianzgi Convertible more accurately as focusing exclusively on Allianzgi Convertible's fundamentals will not take into account other important factors: Allianzgi Convertible Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Convertible's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Allianzgi Convertible Income, and traders can use it to determine the average amount a Allianzgi Convertible's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1791
| Best Portfolio | Best Equity | |||
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| Average Returns | ||||
| Small Returns | NCV | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.97 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.17 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.
Allianzgi Convertible Fundamentals Growth
Allianzgi Fund prices reflect investors' perceptions of the future prospects and financial health of Allianzgi Convertible, and Allianzgi Convertible fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Allianzgi Fund performance.
| Return On Equity | 16.21 | ||||
| Return On Asset | 1.86 | ||||
| Profit Margin | (132.31) % | ||||
| Operating Margin | 74.09 % | ||||
| Current Valuation | 633.16 M | ||||
| Shares Outstanding | 90.37 M | ||||
| Price To Earning | 9.03 X | ||||
| Price To Book | 0.67 X | ||||
| Price To Sales | 11.33 X | ||||
| Revenue | 28.87 M | ||||
| Cash And Equivalents | 100 K | ||||
| Total Debt | 36.82 M | ||||
| Debt To Equity | 0.04 % | ||||
| Book Value Per Share | 5.43 X | ||||
| Earnings Per Share | 0.40 X | ||||
About Allianzgi Convertible Performance
Evaluating Allianzgi Convertible's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Allianzgi Convertible has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Allianzgi Convertible has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Allianzgi Convertible performance evaluation
Checking the ongoing alerts about Allianzgi Convertible for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Allianzgi Convertible help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Latest headline from news.google.com: NCV stock touches 52-week high at 3.58 amid market rally - Investing.com Canada | |
| The fund generated three year return of -3.0% |
- Analyzing Allianzgi Convertible's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Allianzgi Convertible's stock is overvalued or undervalued compared to its peers.
- Examining Allianzgi Convertible's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Allianzgi Convertible's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Allianzgi Convertible's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Allianzgi Convertible's fund. These opinions can provide insight into Allianzgi Convertible's potential for growth and whether the stock is currently undervalued or overvalued.
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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