Allianzgi Equity Year To Date Return vs. Beta
| NIE Fund | USD 24.59 0.27 1.11% |
For Allianzgi Equity profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Allianzgi Equity to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Allianzgi Equity Convertible utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Allianzgi Equity's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Allianzgi Equity Convertible over time as well as its relative position and ranking within its peers.
Allianzgi |
Allianzgi Equity Con Beta vs. Year To Date Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Allianzgi Equity's current stock value. Our valuation model uses many indicators to compare Allianzgi Equity value to that of its competitors to determine the firm's financial worth. Allianzgi Equity Convertible is rated below average in year to date return among similar funds. It is number one fund in beta among similar funds totaling about 0.06 of Beta per Year To Date Return. The ratio of Year To Date Return to Beta for Allianzgi Equity Convertible is roughly 17.68 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Allianzgi Equity 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 Beta vs. Year To Date Return
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Allianzgi Equity |
| = | 19.45 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Allianzgi Equity |
| = | 1.1 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Allianzgi Beta Comparison
Allianzgi Equity is currently under evaluation in beta among similar funds.
Beta Analysis
Allianzgi Equity returns are very sensitive to returns on the market. As the market goes up or down, Allianzgi Equity is expected to follow.
Allianzgi Equity Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Allianzgi Equity, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Allianzgi Equity will eventually generate negative long term returns. The profitability progress is the general direction of Allianzgi Equity's change in net profit over the period of time. It can combine multiple indicators of Allianzgi Equity, 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 Equity Convertible Income Fund is a closed ended equity 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 the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of companies. The fund also invests in income producing convertible securities. It employs fundamental analysis focusing on factors like above-average earnings growth, high return on invested capital, a healthy or improving balance sheet, strong competitive advantages, and development of new technologies to make its investments. The fund was formerly known as AGIC Equity Convertible Income Fund. Virtus Equity Convertible Income Fund was formed on Feb 27, 2007 and is domiciled in the United States.
Allianzgi Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Allianzgi Equity. 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 Equity 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 Equity's important profitability drivers and their relationship over time.
| Year To Date Return vs Price To Earning | ||
| Annual Yield vs Beta | ||
| Year To Date Return vs One Year Return | ||
| Three Year Return vs Beta | ||
| Year To Date Return vs Five Year Return | ||
| Last Dividend Paid vs Beta |
Use Allianzgi Equity 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 Equity 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 Equity will appreciate offsetting losses from the drop in the long position's value.Allianzgi Equity Pair Trading
Allianzgi Equity Convertible Pair Trading Analysis
The ability to find closely correlated positions to Allianzgi Equity 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 Equity 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 Equity - 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 Equity Convertible to buy it.
The correlation of Allianzgi Equity 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 Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allianzgi Equity Con 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 Equity 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 Equity position
In addition to having Allianzgi Equity 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 Equity's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Allianzgi Equity Con 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 Equity's income statement, its balance sheet, and the statement of cash flows.
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