Allianzgi Focused Growth Fund Market Value
| PGWCX Fund | USD 32.81 0.40 1.23% |
| Symbol | Allianzgi |
Allianzgi Focused '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 Focused'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 Focused.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Allianzgi Focused on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Focused Growth or generate 0.0% return on investment in Allianzgi Focused over 30 days. Allianzgi Focused is related to or competes with Federated Global, L Abbett, Alternative Asset, Arrow Managed, and Predex Funds. The fund seeks to achieve its investment objective by normally investing primarily in equity securities of U.S More
Allianzgi Focused 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 Focused'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 Focused Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 16.11 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 1.44 |
Allianzgi Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Focused's standard deviation. In reality, there are many statistical measures that can use Allianzgi Focused historical prices to predict the future Allianzgi Focused's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Focused'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 Focused Growth Backtested Returns
Allianzgi Focused Growth secures Sharpe Ratio (or Efficiency) of -0.0573, which signifies that the fund had a -0.0573% return per unit of risk over the last 3 months. Allianzgi Focused Growth exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allianzgi Focused's Mean Deviation of 1.04, risk adjusted performance of (0.04), and Standard Deviation of 1.98 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Focused's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Focused is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
Allianzgi Focused Growth has very weak reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Focused time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Focused Growth price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Allianzgi Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Allianzgi Focused Growth lagged returns against current returns
Autocorrelation, which is Allianzgi Focused 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 Focused's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Focused returns to help us make a trade decision. For example, suppose you find that Allianzgi Focused 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 Focused 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 Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Focused 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 Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Focused Lagged Returns
When evaluating Allianzgi Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Focused mutual fund have on its future price. Allianzgi Focused 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 Focused autocorrelation shows the relationship between Allianzgi Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Focused Growth.
Regressed Prices |
| Timeline |
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Other Information on Investing in Allianzgi Mutual Fund
Allianzgi Focused 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 Focused security.
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