Allianzgi Vertible Fund Market Value
| ANZCX Fund | USD 35.94 0.43 1.18% |
| Symbol | Allianzgi |
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.
| 12/29/2024 |
| 03/29/2025 |
If you would invest 0.00 in Allianzgi Convertible on December 29, 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 Convertible over 90 days. Allianzgi Convertible is related to or competes with Us Equity, Eip Growth, Ab International, Qs Growth, Eagle Growth, Ftfa-franklin Templeton, and Stringer Growth. 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.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.17 |
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 | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.13) |
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
Allianzgi Convertible secures Sharpe Ratio (or Efficiency) of -0.0502, which signifies that the fund had a -0.0502 % 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 Mean Deviation of 0.6347, standard deviation of 0.7699, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.64, 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 | -0.7 |
Very good reverse predictability
Allianzgi Vertible Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Convertible time series from 29th of December 2024 to 12th of February 2025 and 12th of February 2025 to 29th 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 -0.7 indicates that around 70.0% of current Allianzgi Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
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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