Allianzim Large Cap Etf Market Value
| APRT Etf | USD 38.90 0.09 0.23% |
| Symbol | AllianzIM |
The market value of AllianzIM Large Cap is measured differently than its book value, which is the value of AllianzIM that is recorded on the company's balance sheet. Investors also form their own opinion of AllianzIM Large's value that differs from its market value or its book value, called intrinsic value, which is AllianzIM Large's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AllianzIM Large's market value can be influenced by many factors that don't directly affect AllianzIM Large's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AllianzIM Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if AllianzIM Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AllianzIM Large's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
AllianzIM Large '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 AllianzIM Large's etf 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 AllianzIM Large.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in AllianzIM Large on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding AllianzIM Large Cap or generate 0.0% return on investment in AllianzIM Large over 690 days. AllianzIM Large is related to or competes with AllianzIM Large, AIM ETF, AIM ETF, AIM ETF, and AIM ETF. Large Cap Buffer10 Apr ETF is an exchange traded fund launched and managed by Allianz Investment Management LLC More
AllianzIM Large 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 AllianzIM Large's etf 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 AllianzIM Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6099 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 2.52 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.7983 |
AllianzIM Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AllianzIM Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AllianzIM Large's standard deviation. In reality, there are many statistical measures that can use AllianzIM Large historical prices to predict the future AllianzIM Large's volatility.| Risk Adjusted Performance | 0.101 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.1114 |
AllianzIM Large Cap Backtested Returns
Currently, AllianzIM Large Cap is very steady. AllianzIM Large Cap secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AllianzIM Large Cap, which you can use to evaluate the volatility of the entity. Please confirm AllianzIM Large's Risk Adjusted Performance of 0.101, mean deviation of 0.3785, and Downside Deviation of 0.6099 to double-check if the risk estimate we provide is consistent with the expected return of 0.0822%. The etf shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AllianzIM Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding AllianzIM Large is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
AllianzIM Large Cap has very good predictability. Overlapping area represents the amount of predictability between AllianzIM Large time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 AllianzIM Large Cap price movement. The serial correlation of 0.84 indicates that around 84.0% of current AllianzIM Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 2.47 |
AllianzIM Large Cap lagged returns against current returns
Autocorrelation, which is AllianzIM Large etf'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 AllianzIM Large's etf expected returns. We can calculate the autocorrelation of AllianzIM Large returns to help us make a trade decision. For example, suppose you find that AllianzIM Large has exhibited high autocorrelation historically, and you observe that the etf 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 |
AllianzIM Large 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 AllianzIM Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AllianzIM Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AllianzIM Large etf over time.
Current vs Lagged Prices |
| Timeline |
AllianzIM Large Lagged Returns
When evaluating AllianzIM Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AllianzIM Large etf have on its future price. AllianzIM Large 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, AllianzIM Large autocorrelation shows the relationship between AllianzIM Large etf current value and its past values and can show if there is a momentum factor associated with investing in AllianzIM Large Cap.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out AllianzIM Large Correlation, AllianzIM Large Volatility and AllianzIM Large Alpha and Beta module to complement your research on AllianzIM Large. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
AllianzIM Large technical etf 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, etf market cycles, or different charting patterns.