Allianzgi Global Water Fund Market Value
| AWTAX Fund | USD 19.17 0.09 0.47% |
| Symbol | Allianzgi |
Allianzgi Global '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 Global'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 Global.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Allianzgi Global on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Global Water or generate 0.0% return on investment in Allianzgi Global over 30 days. Allianzgi Global is related to or competes with Goldman Sachs, Columbia Real, Nexpoint Real, Guggenheim Risk, Deutsche Real, Real Estate, and Virtus Real. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80 percent of its net assets ... More
Allianzgi Global 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 Global'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 Global Water upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 12.13 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 0.9058 |
Allianzgi Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Global's standard deviation. In reality, there are many statistical measures that can use Allianzgi Global historical prices to predict the future Allianzgi Global's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.20) |
Allianzgi Global Water Backtested Returns
Allianzgi Global Water secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the fund had a -0.16% return per unit of risk over the last 3 months. Allianzgi Global Water exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allianzgi Global's Mean Deviation of 0.6442, risk adjusted performance of (0.11), and Standard Deviation of 1.39 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.06, which signifies a somewhat significant risk relative to the market. Allianzgi Global returns are very sensitive to returns on the market. As the market goes up or down, Allianzgi Global is expected to follow.
Auto-correlation | -0.05 |
Very weak reverse predictability
Allianzgi Global Water has very weak reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Global time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 2024. 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 Global Water price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Allianzgi Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Allianzgi Global Water lagged returns against current returns
Autocorrelation, which is Allianzgi Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Global returns to help us make a trade decision. For example, suppose you find that Allianzgi Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Global Lagged Returns
When evaluating Allianzgi Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Global mutual fund have on its future price. Allianzgi Global 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 Global autocorrelation shows the relationship between Allianzgi Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Global Water.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Allianzgi Mutual Fund
Allianzgi Global 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 Global security.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |