Allianzgi Vertible Fund Market Value

ANZAX Fund  USD 36.25  0.31  0.86%   
Allianzgi Convertible's market value is the price at which a share of Allianzgi Convertible trades on a public exchange. It measures the collective expectations of Allianzgi Vertible Fund investors about its performance. Allianzgi Convertible is trading at 36.25 as of the 1st of March 2025; that is 0.86% up since the beginning of the trading day. The fund's open price was 35.94.
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 Convertible over a given investment horizon. Check out Allianzgi Convertible Correlation, Allianzgi Convertible Volatility and Allianzgi Convertible Alpha and Beta module to complement your research on Allianzgi Convertible.
Symbol

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.
0.00
01/30/2025
No Change 0.00  0.0 
In 31 days
03/01/2025
0.00
If you would invest  0.00  in Allianzgi Convertible on January 30, 2025 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 Convertible over 30 days. Allianzgi Convertible 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 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 Vertible Fund upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
35.4936.2537.01
Details
Intrinsic
Valuation
LowRealHigh
35.7036.4637.22
Details
Naive
Forecast
LowNextHigh
35.1935.9536.72
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
35.9737.0738.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allianzgi Convertible. Your research has to be compared to or analyzed against Allianzgi Convertible's peers to derive any actionable benefits. When done correctly, Allianzgi Convertible'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 Convertible.

Allianzgi Convertible Backtested Returns

Allianzgi Convertible secures Sharpe Ratio (or Efficiency) of -0.0887, which signifies that the fund had a -0.0887 % 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 Convertible's Risk Adjusted Performance of (0.03), mean deviation of 0.5924, and Standard Deviation of 0.7479 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. 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

    
  0.06  

Virtually no predictability

Allianzgi Vertible Fund has virtually no predictability. Overlapping area represents the amount of predictability between Allianzgi Convertible time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st 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 Convertible price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Allianzgi Convertible price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.16
Residual Average0.0
Price Variance0.4

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 Vertible Fund.
   Regressed Prices   
       Timeline  

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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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