Allianzgi Convertible Income Fund Market Value
| XNCVX Fund | USD 3.95 0.01 0.25% |
| Symbol | Allianzgi |
Please note, there is a significant difference between Allianzgi Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allianzgi Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allianzgi Convertible'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 Convertible '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 Convertible'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 Convertible.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Allianzgi Convertible on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Convertible Income or generate 0.0% return on investment in Allianzgi Convertible over 30 days. Allianzgi Convertible is related to or competes with Rational/pier, Calamos Dynamic, Invesco Convertible, Franklin Convertible, Fidelity Convertible, Teton Convertible, and Lord Abbett. Allianzgi Convertible is entity of United States More
Allianzgi Convertible 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 Convertible'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 Convertible Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7565 | |||
| Information Ratio | 0.0386 | |||
| Maximum Drawdown | 3.03 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 1.29 |
Allianzgi Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Convertible's standard deviation. In reality, there are many statistical measures that can use Allianzgi Convertible historical prices to predict the future Allianzgi Convertible's volatility.| Risk Adjusted Performance | 0.1573 | |||
| Jensen Alpha | 0.1219 | |||
| Total Risk Alpha | 0.0403 | |||
| Sortino Ratio | 0.0328 | |||
| Treynor Ratio | 5.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Convertible'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 Convertible Backtested Returns
At this stage we consider Allianzgi Mutual Fund to be not too volatile. Allianzgi Convertible secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Allianzgi Convertible Income, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Convertible's Risk Adjusted Performance of 0.1573, mean deviation of 0.4818, and Downside Deviation of 0.7565 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.0245, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allianzgi Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Convertible is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
Allianzgi Convertible Income has modest predictability. Overlapping area represents the amount of predictability between Allianzgi Convertible time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Convertible price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Allianzgi Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Allianzgi Convertible lagged returns against current returns
Autocorrelation, which is Allianzgi Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Convertible returns to help us make a trade decision. For example, suppose you find that Allianzgi Convertible 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 Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Convertible 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 Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Convertible Lagged Returns
When evaluating Allianzgi Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Convertible mutual fund have on its future price. Allianzgi Convertible 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 Convertible autocorrelation shows the relationship between Allianzgi Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Convertible Income.
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 Convertible 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 Convertible security.
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