Allianzgi Equity Convertible Fund Market Value
| NIE Fund | USD 22.18 0.33 1.51% |
| Symbol | Allianzgi |
Allianzgi Equity '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 Equity's 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 Equity.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Allianzgi Equity on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Equity Convertible or generate 0.0% return on investment in Allianzgi Equity over 90 days. Allianzgi Equity is related to or competes with Rivernorth Opportunistic, Blackrock Muniholdings, Nuveen New, DWS Municipal, Eaton Vance, Nuveen California, and Eaton Vance. Virtus Equity Convertible Income Fund is a closed ended equity mutual fund launched and managed by Allianz Global Invest... More
Allianzgi Equity 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 Equity's 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 Equity Convertible upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0044 | |||
| Maximum Drawdown | 7.23 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 1.48 |
Allianzgi Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Equity's standard deviation. In reality, there are many statistical measures that can use Allianzgi Equity historical prices to predict the future Allianzgi Equity's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0592 | |||
| Treynor Ratio | (0.19) |
Allianzgi Equity Con Backtested Returns
Allianzgi Equity Con secures Sharpe Ratio (or Efficiency) of -0.0967, which signifies that the fund had a -0.0967 % return per unit of risk over the last 3 months. Allianzgi Equity Convertible exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allianzgi Equity's Risk Adjusted Performance of (0.09), mean deviation of 0.8629, and Standard Deviation of 1.17 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Equity is expected to be smaller as well.
Auto-correlation | -0.54 |
Good reverse predictability
Allianzgi Equity Convertible has good reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Equity time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Equity Con price movement. The serial correlation of -0.54 indicates that about 54.0% of current Allianzgi Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Allianzgi Equity Con lagged returns against current returns
Autocorrelation, which is Allianzgi Equity 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 Equity's fund expected returns. We can calculate the autocorrelation of Allianzgi Equity returns to help us make a trade decision. For example, suppose you find that Allianzgi Equity has exhibited high autocorrelation historically, and you observe that the 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 Equity 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 Equity fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Equity fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allianzgi Equity fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Equity Lagged Returns
When evaluating Allianzgi Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Equity fund have on its future price. Allianzgi Equity 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 Equity autocorrelation shows the relationship between Allianzgi Equity fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Equity Convertible.
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 Fund
Allianzgi Equity financial ratios help investors to determine whether Allianzgi 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 Equity security.
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