Allianzgi Vertible Fund Market Value

ANZAX Fund  USD 34.56  0.29  0.83%   
Allianzgi Vertible's market value is the price at which a share of Allianzgi Vertible trades on a public exchange. It measures the collective expectations of Allianzgi Vertible Fund investors about its performance. Allianzgi Vertible is trading at 34.56 as of the 17th of March 2025; that is 0.83% down since the beginning of the trading day. The fund's open price was 34.85.
With this module, you can estimate the performance of a buy and hold strategy of Allianzgi Vertible Fund and determine expected loss or profit from investing in Allianzgi Vertible over a given investment horizon. Check out Allianzgi Vertible Correlation, Allianzgi Vertible Volatility and Allianzgi Vertible Alpha and Beta module to complement your research on Allianzgi Vertible.
Symbol

Please note, there is a significant difference between Allianzgi Vertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allianzgi Vertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allianzgi Vertible'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 Vertible '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 Vertible'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 Vertible.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Allianzgi Vertible on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Vertible Fund or generate 0.0% return on investment in Allianzgi Vertible over 90 days. Allianzgi Vertible is related to or competes with Lord Abbett, Emerging Markets, Columbia Convertible, Nuveen Global, and Columbia Contrarian. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in convertible secur... More

Allianzgi Vertible 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 Vertible'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 Vertible Fund upside and downside potential and time the market with a certain degree of confidence.

Allianzgi Vertible Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Vertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Vertible's standard deviation. In reality, there are many statistical measures that can use Allianzgi Vertible historical prices to predict the future Allianzgi Vertible's volatility.
Hype
Prediction
LowEstimatedHigh
33.7634.5635.36
Details
Intrinsic
Valuation
LowRealHigh
34.1634.9635.76
Details
Naive
Forecast
LowNextHigh
33.6334.4435.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
33.9835.2536.52
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allianzgi Vertible. Your research has to be compared to or analyzed against Allianzgi Vertible's peers to derive any actionable benefits. When done correctly, Allianzgi Vertible's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Allianzgi Vertible.

Allianzgi Vertible Backtested Returns

Allianzgi Vertible secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the fund had a -0.17 % return per unit of risk over the last 3 months. Allianzgi Vertible Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allianzgi Vertible's Risk Adjusted Performance of (0.16), standard deviation of 0.8026, and Mean Deviation of 0.6453 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Vertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Vertible is expected to be smaller as well.

Auto-correlation

    
  -0.58  

Good reverse predictability

Allianzgi Vertible Fund has good reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Vertible time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Vertible price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Allianzgi Vertible price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test-0.5
Residual Average0.0
Price Variance1.13

Allianzgi Vertible lagged returns against current returns

Autocorrelation, which is Allianzgi Vertible 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 Vertible's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Vertible returns to help us make a trade decision. For example, suppose you find that Allianzgi Vertible 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 Vertible 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 Vertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Vertible 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 Vertible mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Allianzgi Vertible Lagged Returns

When evaluating Allianzgi Vertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Vertible mutual fund have on its future price. Allianzgi Vertible 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 Vertible autocorrelation shows the relationship between Allianzgi Vertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Vertible Fund.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Allianzgi Mutual Fund

Allianzgi Vertible 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 Vertible security.
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