Allianzgi Technology Fund Market Value
| RAGTX Fund | USD 61.78 0.92 1.47% |
| Symbol | Allianzgi |
Allianzgi Technology '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 Technology'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 Technology.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Allianzgi Technology on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Technology Fund or generate 0.0% return on investment in Allianzgi Technology over 90 days. Allianzgi Technology is related to or competes with Vanguard Institutional, Quantitative Longshort, Siit Ultra, Federated Short-term, Calvert Short, and Angel Oak. The fund seeks to achieve its objective by normally investing at least 80 percent of its net assets in common stocks of ... More
Allianzgi Technology 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 Technology'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 Technology Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | 0.0262 | |||
| Maximum Drawdown | 6.65 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 1.8 |
Allianzgi Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Technology's standard deviation. In reality, there are many statistical measures that can use Allianzgi Technology historical prices to predict the future Allianzgi Technology's volatility.| Risk Adjusted Performance | 0.1002 | |||
| Jensen Alpha | 0.0176 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0196 | |||
| Treynor Ratio | 0.1429 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Technology'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 Technology Backtested Returns
Allianzgi Technology appears to be very steady, given 3 months investment horizon. Allianzgi Technology 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. We have found twenty-seven technical indicators for Allianzgi Technology Fund, which you can use to evaluate the volatility of the entity. Please makes use of Allianzgi Technology's Downside Deviation of 1.86, risk adjusted performance of 0.1002, and Mean Deviation of 0.9378 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.15, which signifies a somewhat significant risk relative to the market. Allianzgi Technology returns are very sensitive to returns on the market. As the market goes up or down, Allianzgi Technology is expected to follow.
Auto-correlation | 0.78 |
Good predictability
Allianzgi Technology Fund has good predictability. Overlapping area represents the amount of predictability between Allianzgi Technology time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Technology price movement. The serial correlation of 0.78 indicates that around 78.0% of current Allianzgi Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 2.2 |
Allianzgi Technology lagged returns against current returns
Autocorrelation, which is Allianzgi Technology 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 Technology's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Technology returns to help us make a trade decision. For example, suppose you find that Allianzgi Technology 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 Technology 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 Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Technology 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 Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Technology Lagged Returns
When evaluating Allianzgi Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Technology mutual fund have on its future price. Allianzgi Technology 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 Technology autocorrelation shows the relationship between Allianzgi Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Technology Fund.
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 Technology 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 Technology security.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Transaction History View history of all your transactions and understand their impact on performance |