Allianzgi Global Small Cap Fund Market Value
| RGSCX Fund | USD 22.51 0.08 0.35% |
| 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.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Allianzgi Global on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Global Small Cap or generate 0.0% return on investment in Allianzgi Global over 180 days. Allianzgi Global is related to or competes with Short Precious, Gold, Franklin Gold, Fidelity Advisor, and International Investors. The fund pursues long-term capital appreciation in the small capitalization market while seeking to incur less risk than... 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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 14.97 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.24 |
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 | (0.26) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 1.48 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Global'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 Global Small Backtested Returns
Allianzgi Global Small secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15% return per unit of risk over the last 3 months. Allianzgi Global Small Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allianzgi Global's Standard Deviation of 1.75, mean deviation of 0.7414, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Allianzgi Global are expected to decrease at a much lower rate. During the bear market, Allianzgi Global is likely to outperform the market.
Auto-correlation | -0.54 |
Good reverse predictability
Allianzgi Global Small Cap has good reverse predictability. Overlapping area represents the amount of predictability between Allianzgi Global time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Small price movement. The serial correlation of -0.54 indicates that about 54.0% of current Allianzgi Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.71 |
Allianzgi Global Small 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 Small Cap.
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.
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