Allianzgi Diversified Income Fund Market Value
| ACV Fund | USD 22.53 0.26 1.17% |
| Symbol | Allianzgi |
Allianzgi Diversified '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 Diversified's 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 Diversified.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Allianzgi Diversified on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Diversified Income or generate 0.0% return on investment in Allianzgi Diversified over 30 days. Allianzgi Diversified is related to or competes with Brookfield Business, Elysee Development, DWS Municipal, Blackrock Munivest, RiverNorth Flexible, MFS Investment, and Eaton Vance. Virtus Diversified Income Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global... More
Allianzgi Diversified 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 Diversified's 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 Diversified Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9368 | |||
| Information Ratio | 0.0748 | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.69 |
Allianzgi Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Diversified's standard deviation. In reality, there are many statistical measures that can use Allianzgi Diversified historical prices to predict the future Allianzgi Diversified's volatility.| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | 0.0844 | |||
| Total Risk Alpha | 0.0685 | |||
| Sortino Ratio | 0.0761 | |||
| Treynor Ratio | 0.2721 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Diversified'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 Diversified Backtested Returns
At this stage we consider Allianzgi Fund to be very steady. Allianzgi Diversified secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Allianzgi Diversified Income, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Diversified's Mean Deviation of 0.7579, risk adjusted performance of 0.0898, and Downside Deviation of 0.9368 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Diversified is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Allianzgi Diversified Income has poor reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Diversified time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 Diversified price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Allianzgi Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Allianzgi Diversified lagged returns against current returns
Autocorrelation, which is Allianzgi Diversified 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 Diversified's fund expected returns. We can calculate the autocorrelation of Allianzgi Diversified returns to help us make a trade decision. For example, suppose you find that Allianzgi Diversified has exhibited high autocorrelation historically, and you observe that the 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 Diversified 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 Diversified fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Diversified fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allianzgi Diversified fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Diversified Lagged Returns
When evaluating Allianzgi Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Diversified fund have on its future price. Allianzgi Diversified 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 Diversified autocorrelation shows the relationship between Allianzgi Diversified fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Diversified Income.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Allianzgi Fund
Allianzgi Diversified 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 Diversified security.
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