Allianzgi Equity Convertible Fund Market Value

NIE Fund  USD 24.10  0.33  1.35%   
Allianzgi Equity's market value is the price at which a share of Allianzgi Equity trades on a public exchange. It measures the collective expectations of Allianzgi Equity Convertible investors about its performance. Allianzgi Equity is trading at 24.10 as of the 25th of February 2025, a 1.35 percent decrease since the beginning of the trading day. The fund's lowest day price was 24.01.
With this module, you can estimate the performance of a buy and hold strategy of Allianzgi Equity Convertible and determine expected loss or profit from investing in Allianzgi Equity over a given investment horizon. Check out Allianzgi Equity Correlation, Allianzgi Equity Volatility and Allianzgi Equity Alpha and Beta module to complement your research on Allianzgi Equity.
Symbol

Please note, there is a significant difference between Allianzgi Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allianzgi Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allianzgi Equity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Allianzgi Equity '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 Equity's 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 Equity.
0.00
01/26/2025
No Change 0.00  0.0 
In 31 days
02/25/2025
0.00
If you would invest  0.00  in Allianzgi Equity on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Allianzgi Equity Convertible or generate 0.0% return on investment in Allianzgi Equity over 30 days. Allianzgi Equity is related to or competes with Rivernorth Opportunistic, Blackrock Muni, Blackrock Muniholdings, Nuveen New, DWS Municipal, Eaton Vance, and Nuveen California. Virtus Equity Convertible Income Fund is a closed ended equity mutual fund launched and managed by Allianz Global Invest... More

Allianzgi Equity 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 Equity's 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 Equity Convertible upside and downside potential and time the market with a certain degree of confidence.

Allianzgi Equity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Equity's standard deviation. In reality, there are many statistical measures that can use Allianzgi Equity historical prices to predict the future Allianzgi Equity's volatility.
Hype
Prediction
LowEstimatedHigh
23.3824.4425.50
Details
Intrinsic
Valuation
LowRealHigh
23.3524.4125.47
Details
Naive
Forecast
LowNextHigh
23.3224.3825.44
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
23.6824.5725.45
Details

Allianzgi Equity Con Backtested Returns

At this point, Allianzgi Equity is very steady. Allianzgi Equity Con secures Sharpe Ratio (or Efficiency) of 0.0232, which signifies that the fund had a 0.0232 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Allianzgi Equity Convertible, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Equity's Downside Deviation of 1.12, mean deviation of 0.7338, and Risk Adjusted Performance of 0.0693 to double-check if the risk estimate we provide is consistent with the expected return of 0.0247%. The fund shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Equity is expected to be smaller as well.

Auto-correlation

    
  -0.52  

Good reverse predictability

Allianzgi Equity Convertible has good reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Equity time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 2025. 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 Equity Con price movement. The serial correlation of -0.52 indicates that about 52.0% of current Allianzgi Equity price fluctuation can be explain by its past prices.
Correlation Coefficient-0.52
Spearman Rank Test-0.51
Residual Average0.0
Price Variance0.1
Allianzgi ReturnsAllianzgi Lagged ReturnsDiversified AwayAllianzgi ReturnsAllianzgi Lagged ReturnsDiversified Away100%

Allianzgi Equity Con lagged returns against current returns

Autocorrelation, which is Allianzgi Equity 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 Equity's fund expected returns. We can calculate the autocorrelation of Allianzgi Equity returns to help us make a trade decision. For example, suppose you find that Allianzgi Equity has exhibited high autocorrelation historically, and you observe that the 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   
JavaScript chart by amCharts 3.21.15Feb 10Feb 12Feb 14Feb 16Feb 18Feb 20Feb 22Feb 24-3%-2%-1%0%1%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Allianzgi Equity 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 Equity fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Equity fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allianzgi Equity fund over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Feb 10Feb 12Feb 14Feb 16Feb 18Feb 20Feb 22Feb 2424.524.624.724.824.925.025.125.2
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Allianzgi Equity Lagged Returns

When evaluating Allianzgi Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Equity fund have on its future price. Allianzgi Equity 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 Equity autocorrelation shows the relationship between Allianzgi Equity fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Equity Convertible.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Jan 27Jan 31FebFeb 08Feb 12Feb 16Feb 20Feb 2424.224.424.624.825.025.2
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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Other Information on Investing in Allianzgi Fund

Allianzgi Equity financial ratios help investors to determine whether Allianzgi 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 Equity security.
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