Allianzgi Emerging Markets Fund Market Value
| AOTCX Fund | USD 29.81 0.15 0.50% |
| Symbol | Allianzgi |
Allianzgi Emerging '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 Emerging'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 Emerging.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Allianzgi Emerging on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Emerging Markets or generate 0.0% return on investment in Allianzgi Emerging over 30 days. Allianzgi Emerging is related to or competes with Victory Rs, Nationwide Growth, Eip Growth, T Rowe, Tfa Alphagen, and Touchstone Small. The fund seeks to achieve its investment objective by normally investing at least 80 percent of its net assets in securities of companies that are tied economically to countries with emerging securities markets-that is, countries with securities markets that are, in the opinion of the portfolio managers, less sophisticated than more developed markets in terms of participation by investors, analyst coverage, liquidity andor regulation. More
Allianzgi Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.39 |
Allianzgi Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Emerging's standard deviation. In reality, there are many statistical measures that can use Allianzgi Emerging historical prices to predict the future Allianzgi Emerging's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Emerging'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 Emerging Backtested Returns
Allianzgi Emerging secures Sharpe Ratio (or Efficiency) of -0.0126, which signifies that the fund had a -0.0126% return per unit of risk over the last 3 months. Allianzgi Emerging Markets exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allianzgi Emerging's Risk Adjusted Performance of (0.04), mean deviation of 0.6517, and Standard Deviation of 0.8539 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Emerging is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Allianzgi Emerging Markets has very good predictability. Overlapping area represents the amount of predictability between Allianzgi Emerging time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. 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 Emerging price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Allianzgi Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Allianzgi Emerging lagged returns against current returns
Autocorrelation, which is Allianzgi Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Emerging returns to help us make a trade decision. For example, suppose you find that Allianzgi Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Emerging Lagged Returns
When evaluating Allianzgi Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Emerging mutual fund have on its future price. Allianzgi Emerging 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 Emerging autocorrelation shows the relationship between Allianzgi Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Emerging Markets.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Allianzgi Mutual Fund
Allianzgi Emerging 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 Emerging security.
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