Allianzim Large Cap Etf Market Value
| APRW Etf | USD 32.95 0.05 0.15% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in AllianzIM Large on October 28, 2024 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 30 days. AllianzIM Large is related to or competes with AIM ETF, AIM ETF, AIM ETF, AIM ETF, and AllianzIM Large. Large Cap Buffer20 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 | 0.3716 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.67 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.5123 |
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 | 0.1101 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | 0.1285 |
AllianzIM Large Cap Backtested Returns
At this stage we consider AllianzIM Etf to be very steady. AllianzIM Large Cap secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the etf had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight 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 0.1101, downside deviation of 0.3716, and Mean Deviation of 0.2248 to double-check if the risk estimate we provide is consistent with the expected return of 0.063%. The etf shows a Beta (market volatility) of 0.33, 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 | 0.90 |
Excellent predictability
AllianzIM Large Cap has excellent predictability. Overlapping area represents the amount of predictability between AllianzIM Large time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 0.9 indicates that approximately 90.0% of current AllianzIM Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
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.When determining whether AllianzIM Large Cap is a strong investment it is important to analyze AllianzIM Large's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact AllianzIM Large's future performance. For an informed investment choice regarding AllianzIM Etf, refer to the following important reports: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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.