Allianzgi Income Growth Fund Market Value
| AZNCX Fund | USD 9.91 0.03 0.30% |
| Symbol | Allianzgi |
Allianzgi Income '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 Income'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 Income.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Allianzgi Income on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Income Growth or generate 0.0% return on investment in Allianzgi Income over 30 days. Allianzgi Income is related to or competes with Us Global, Ab Global, Commonwealth Global, Federated Global, T Rowe, and Artisan Global. The fund seeks to achieve its objective by investing primarily in a combination of common stocks and other equity securi... More
Allianzgi Income 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 Income'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 Income Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5734 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.18 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.5297 |
Allianzgi Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Income's standard deviation. In reality, there are many statistical measures that can use Allianzgi Income historical prices to predict the future Allianzgi Income's volatility.| Risk Adjusted Performance | 0.0837 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.1443 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Income'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 Income Growth Backtested Returns
At this stage we consider Allianzgi Mutual Fund to be very steady. Allianzgi Income Growth secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Allianzgi Income Growth, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Income's Downside Deviation of 0.5734, mean deviation of 0.3166, and Risk Adjusted Performance of 0.0837 to double-check if the risk estimate we provide is consistent with the expected return of 0.0653%. The fund shows a Beta (market volatility) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Income is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Allianzgi Income Growth has good predictability. Overlapping area represents the amount of predictability between Allianzgi Income 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 Income Growth price movement. The serial correlation of 0.74 indicates that around 74.0% of current Allianzgi Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Allianzgi Income Growth lagged returns against current returns
Autocorrelation, which is Allianzgi Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Income returns to help us make a trade decision. For example, suppose you find that Allianzgi Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Income Lagged Returns
When evaluating Allianzgi Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Income mutual fund have on its future price. Allianzgi Income 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 Income autocorrelation shows the relationship between Allianzgi Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Income Growth.
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 Income 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 Income security.
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