Allianzgi Mid Cap Fund Market Value
| DRMCX Fund | USD 6.29 0.02 0.32% |
| Symbol | Allianzgi |
Allianzgi Mid-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 Mid-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 Mid-cap.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Allianzgi Mid-cap on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Mid Cap Fund or generate 0.0% return on investment in Allianzgi Mid-cap over 300 days. Allianzgi Mid-cap is related to or competes with Eventide Healthcare, Live Oak, Invesco Global, and Blackrock Health. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in common stocks and... More
Allianzgi Mid-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 Mid-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 Mid Cap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.1157 | |||
| Maximum Drawdown | 4.66 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.87 |
Allianzgi Mid-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Mid-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Mid-cap's standard deviation. In reality, there are many statistical measures that can use Allianzgi Mid-cap historical prices to predict the future Allianzgi Mid-cap's volatility.| Risk Adjusted Performance | 0.1868 | |||
| Jensen Alpha | 0.1077 | |||
| Total Risk Alpha | 0.0769 | |||
| Sortino Ratio | 0.102 | |||
| Treynor Ratio | 0.2178 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Mid-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 Mid Cap Backtested Returns
Allianzgi Mid-cap appears to be not too volatile, given 3 months investment horizon. Allianzgi Mid Cap secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Allianzgi Mid Cap Fund, which you can use to evaluate the volatility of the entity. Please makes use of Allianzgi Mid-cap's Mean Deviation of 0.7528, downside deviation of 1.18, and Risk Adjusted Performance of 0.1868 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.11, which signifies a somewhat significant risk relative to the market. Allianzgi Mid-cap returns are very sensitive to returns on the market. As the market goes up or down, Allianzgi Mid-cap is expected to follow.
Auto-correlation | 0.29 |
Poor predictability
Allianzgi Mid Cap Fund has poor predictability. Overlapping area represents the amount of predictability between Allianzgi Mid-cap time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Allianzgi Mid Cap price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Allianzgi Mid-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Allianzgi Mid Cap lagged returns against current returns
Autocorrelation, which is Allianzgi Mid-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 Mid-cap's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Mid-cap returns to help us make a trade decision. For example, suppose you find that Allianzgi Mid-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 Mid-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 Mid-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Mid-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 Mid-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Mid-cap Lagged Returns
When evaluating Allianzgi Mid-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Mid-cap mutual fund have on its future price. Allianzgi Mid-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 Mid-cap autocorrelation shows the relationship between Allianzgi Mid-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Mid Cap Fund.
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 Mid-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 Mid-cap security.
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