Allianzgi Small Cap Blend Fund Market Value
| AZBCX Fund | USD 24.76 0.12 0.48% |
| Symbol | Allianzgi |
Allianzgi Small-cap '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 Small-cap'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 Small-cap.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Allianzgi Small-cap on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Allianzgi Small Cap Blend or generate 0.0% return on investment in Allianzgi Small-cap over 720 days. Allianzgi Small-cap is related to or competes with Ultra-short Fixed, California Bond, The National, Ambrus Core, Artisan High, Limited Term, and Maryland Tax-free. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in companies with sm... More
Allianzgi Small-cap 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 Small-cap'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 Small Cap Blend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7696 | |||
| Information Ratio | 0.0426 | |||
| Maximum Drawdown | 5.77 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.67 |
Allianzgi Small-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Small-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Small-cap's standard deviation. In reality, there are many statistical measures that can use Allianzgi Small-cap historical prices to predict the future Allianzgi Small-cap's volatility.| Risk Adjusted Performance | 0.1391 | |||
| Jensen Alpha | 0.1587 | |||
| Total Risk Alpha | 0.002 | |||
| Sortino Ratio | 0.0558 | |||
| Treynor Ratio | 1.82 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Small-cap'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 Small Cap Backtested Returns
At this stage we consider Allianzgi Mutual Fund to be very steady. Allianzgi Small Cap secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Allianzgi Small Cap Blend, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Small-cap's Risk Adjusted Performance of 0.1391, downside deviation of 0.7696, and Mean Deviation of 0.7478 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. The fund shows a Beta (market volatility) of 0.0935, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allianzgi Small-cap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Small-cap is expected to be smaller as well.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Allianzgi Small Cap Blend has insignificant reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Small-cap time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Small Cap price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Allianzgi Small-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
Allianzgi Small Cap lagged returns against current returns
Autocorrelation, which is Allianzgi Small-cap 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 Small-cap's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Small-cap returns to help us make a trade decision. For example, suppose you find that Allianzgi Small-cap 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 Small-cap 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 Small-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Small-cap 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 Small-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Small-cap Lagged Returns
When evaluating Allianzgi Small-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Small-cap mutual fund have on its future price. Allianzgi Small-cap 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 Small-cap autocorrelation shows the relationship between Allianzgi Small-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Small Cap Blend.
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 Small-cap 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 Small-cap security.
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