Allianzgi Convertible Price To Earning vs. One Year Return
| NCV Fund | USD 3.68 0.02 0.55% |
For Allianzgi Convertible profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Allianzgi Convertible to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Allianzgi Convertible Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Allianzgi Convertible's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Allianzgi Convertible Income over time as well as its relative position and ranking within its peers.
Allianzgi |
Allianzgi Convertible One Year Return vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Allianzgi Convertible's current stock value. Our valuation model uses many indicators to compare Allianzgi Convertible value to that of its competitors to determine the firm's financial worth. Allianzgi Convertible Income is number one fund in price to earning among similar funds. It is regarded second largest fund in one year return among similar funds reporting about 2.76 of One Year Return per Price To Earning. Comparative valuation analysis is a catch-all technique that is used if you cannot value Allianzgi Convertible by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Allianzgi One Year Return vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Allianzgi Convertible |
| = | 9.03 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Allianzgi Convertible |
| = | 24.89 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Allianzgi One Year Return Comparison
Allianzgi Convertible is currently under evaluation in one year return among similar funds.
Allianzgi Convertible Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Allianzgi Convertible, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Allianzgi Convertible will eventually generate negative long term returns. The profitability progress is the general direction of Allianzgi Convertible's change in net profit over the period of time. It can combine multiple indicators of Allianzgi Convertible, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Virtus Convertible Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as AGIC Convertible Income Fund. Virtus Convertible Income Fund was formed on March 31, 2003 and is domiciled in the United States.
Allianzgi Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Allianzgi Convertible. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Allianzgi Convertible position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Allianzgi Convertible's important profitability drivers and their relationship over time.
Use Allianzgi Convertible in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allianzgi Convertible position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allianzgi Convertible will appreciate offsetting losses from the drop in the long position's value.Allianzgi Convertible Pair Trading
Allianzgi Convertible Income Pair Trading Analysis
The ability to find closely correlated positions to Allianzgi Convertible could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allianzgi Convertible when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allianzgi Convertible - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allianzgi Convertible Income to buy it.
The correlation of Allianzgi Convertible is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allianzgi Convertible moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allianzgi Convertible moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allianzgi Convertible can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Allianzgi Convertible position
In addition to having Allianzgi Convertible in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Allianzgi Fund
To fully project Allianzgi Convertible's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Allianzgi Convertible at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Allianzgi Convertible's income statement, its balance sheet, and the statement of cash flows.
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