Allianzgi Health Sciences Fund Market Value
| HLHIX Fund | USD 29.65 0.26 0.88% |
| Symbol | Allianzgi |
Allianzgi Health '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 Health'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 Health.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Allianzgi Health on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Allianzgi Health Sciences or generate 0.0% return on investment in Allianzgi Health over 390 days. Allianzgi Health is related to or competes with Vanguard Health, Vanguard Health, T Rowe, T Rowe, Vanguard Health, Blackrock Health, and Blackrock Health. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in health sciences-r... More
Allianzgi Health 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 Health'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 Health Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.35 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 0.9157 |
Allianzgi Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Health's standard deviation. In reality, there are many statistical measures that can use Allianzgi Health historical prices to predict the future Allianzgi Health's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.16) |
Allianzgi Health Sciences Backtested Returns
Allianzgi Health Sciences secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the fund had a -0.13% return per unit of risk over the last 3 months. Allianzgi Health Sciences exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allianzgi Health's Mean Deviation of 0.6178, risk adjusted performance of (0.10), and Standard Deviation of 0.7611 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Health is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Allianzgi Health Sciences has weak reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Health time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Health Sciences price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Allianzgi Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Allianzgi Health Sciences lagged returns against current returns
Autocorrelation, which is Allianzgi Health 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 Health's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Health returns to help us make a trade decision. For example, suppose you find that Allianzgi Health 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 Health 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 Health mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Health 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 Health mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Health Lagged Returns
When evaluating Allianzgi Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Health mutual fund have on its future price. Allianzgi Health 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 Health autocorrelation shows the relationship between Allianzgi Health mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Health Sciences.
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 Health 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 Health security.
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