Allianzgi Vertible Fund Market Value
| ANZCX Fund | USD 37.58 0.22 0.59% |
| Symbol | Allianzgi |
Allianzgi Vertible '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 Vertible's mutual 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 Vertible.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Allianzgi Vertible on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Vertible Fund or generate 0.0% return on investment in Allianzgi Vertible over 30 days. Allianzgi Vertible is related to or competes with Jpmorgan High, Prudential High, Transamerica High, Msift High, Virtus High, Calvert High, and Siit High. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in convertible secur... More
Allianzgi Vertible 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 Vertible's mutual 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 Vertible Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7599 | |||
| Information Ratio | 0.0991 | |||
| Maximum Drawdown | 4.09 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 1.19 |
Allianzgi Vertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Vertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Vertible's standard deviation. In reality, there are many statistical measures that can use Allianzgi Vertible historical prices to predict the future Allianzgi Vertible's volatility.| Risk Adjusted Performance | 0.0889 | |||
| Jensen Alpha | 0.0701 | |||
| Total Risk Alpha | 0.0722 | |||
| Sortino Ratio | 0.0956 | |||
| Treynor Ratio | 0.254 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Vertible'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 Vertible Backtested Returns
At this stage we consider Allianzgi Mutual Fund to be very steady. Allianzgi Vertible secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Allianzgi Vertible Fund, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Vertible's Downside Deviation of 0.7599, risk adjusted performance of 0.0889, and Mean Deviation of 0.5786 to double-check if the risk estimate we provide is consistent with the expected return of 0.0833%. The fund shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allianzgi Vertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Vertible is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Allianzgi Vertible Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Vertible 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 Vertible price movement. The serial correlation of -0.17 indicates that over 17.0% of current Allianzgi Vertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Allianzgi Vertible lagged returns against current returns
Autocorrelation, which is Allianzgi Vertible mutual 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 Vertible's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Vertible returns to help us make a trade decision. For example, suppose you find that Allianzgi Vertible has exhibited high autocorrelation historically, and you observe that the mutual 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 Vertible 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 Vertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Vertible mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allianzgi Vertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Vertible Lagged Returns
When evaluating Allianzgi Vertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Vertible mutual fund have on its future price. Allianzgi Vertible 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 Vertible autocorrelation shows the relationship between Allianzgi Vertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Vertible Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Allianzgi Mutual Fund
Allianzgi Vertible financial ratios help investors to determine whether Allianzgi Mutual 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 Vertible security.
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