Allianzgi Short Duration Fund Market Value
| ASHCX Fund | USD 13.90 0.01 0.07% |
| Symbol | Allianzgi |
Allianzgi Short '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 Short'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 Short.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Allianzgi Short on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Short Duration or generate 0.0% return on investment in Allianzgi Short over 210 days. Allianzgi Short is related to or competes with Alphacentric Lifesci, Blackrock Health, Fidelity Advisor, Tekla Healthcare, Alger Health, and Delaware Healthcare. The fund seeks to achieve its investment objective by normally investing at least 80 percent of its net assets in debt securities issued by public and private companies, which are rated below investment grade, while maintaining an average duration of less than three years, and in derivatives and other synthetic instruments that have economic characteristics similar to such debt securities. More
Allianzgi Short 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 Short'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 Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1664 | |||
| Information Ratio | (1.08) | |||
| Maximum Drawdown | 0.7198 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.2158 |
Allianzgi Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Short's standard deviation. In reality, there are many statistical measures that can use Allianzgi Short historical prices to predict the future Allianzgi Short's volatility.| Risk Adjusted Performance | 0.0703 | |||
| Jensen Alpha | 0.0057 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.71) | |||
| Treynor Ratio | 0.3737 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Short'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 Short Duration Backtested Returns
At this stage we consider Allianzgi Mutual Fund to be very steady. Allianzgi Short Duration secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Allianzgi Short Duration, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Short's Risk Adjusted Performance of 0.0703, mean deviation of 0.0772, and Coefficient Of Variation of 590.3 to double-check if the risk estimate we provide is consistent with the expected return of 0.0193%. The fund shows a Beta (market volatility) of 0.0233, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allianzgi Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Short is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Allianzgi Short Duration has good predictability. Overlapping area represents the amount of predictability between Allianzgi Short time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Short Duration price movement. The serial correlation of 0.74 indicates that around 74.0% of current Allianzgi Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Allianzgi Short Duration lagged returns against current returns
Autocorrelation, which is Allianzgi Short 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 Short's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Short returns to help us make a trade decision. For example, suppose you find that Allianzgi Short 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 Short 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 Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Short 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 Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Short Lagged Returns
When evaluating Allianzgi Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Short mutual fund have on its future price. Allianzgi Short 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 Short autocorrelation shows the relationship between Allianzgi Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Short Duration.
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 Short 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 Short security.
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