Allianzgi Income Growth Fund Market Value

AIGPX Fund  USD 11.52  0.04  0.35%   
Allianzgi Income's market value is the price at which a share of Allianzgi Income trades on a public exchange. It measures the collective expectations of Allianzgi Income Growth investors about its performance. Allianzgi Income is trading at 11.52 as of the 28th of March 2024; that is 0.35 percent up since the beginning of the trading day. The fund's open price was 11.48.
With this module, you can estimate the performance of a buy and hold strategy of Allianzgi Income Growth and determine expected loss or profit from investing in Allianzgi Income over a given investment horizon. Check out Allianzgi Income Correlation, Allianzgi Income Volatility and Allianzgi Income Alpha and Beta module to complement your research on Allianzgi Income.
Symbol

Please note, there is a significant difference between Allianzgi Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allianzgi Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allianzgi Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Allianzgi Income '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 Income'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 Income.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Allianzgi Income on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Allianzgi Income Growth or generate 0.0% return on investment in Allianzgi Income over 30 days. Allianzgi Income is related to or competes with Allianzgi Nfj, Allianzgi Nfj, Allianzgi Vertible, Allianzgi Nfj, Allianzgi Nfj, Allianzgi Nfj, and Allianzgi Emerging. The fund seeks to achieve its objective by investing primarily in a combination of common stocks and other equity securi... More

Allianzgi Income 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 Income'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 Income Growth upside and downside potential and time the market with a certain degree of confidence.

Allianzgi Income Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Income's standard deviation. In reality, there are many statistical measures that can use Allianzgi Income historical prices to predict the future Allianzgi Income's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Income'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.
Hype
Prediction
LowEstimatedHigh
11.0511.4811.91
Details
Intrinsic
Valuation
LowRealHigh
10.3312.4412.87
Details
Naive
Forecast
LowNextHigh
11.0611.4911.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.4711.4811.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allianzgi Income. Your research has to be compared to or analyzed against Allianzgi Income's peers to derive any actionable benefits. When done correctly, Allianzgi Income's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Allianzgi Income Growth.

Allianzgi Income Growth Backtested Returns

We consider Allianzgi Income very steady. Allianzgi Income Growth 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. We have found twenty-eight technical indicators for Allianzgi Income Growth, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Income's Risk Adjusted Performance of 0.0816, mean deviation of 0.3235, and Downside Deviation of 0.4266 to double-check if the risk estimate we provide is consistent with the expected return of 0.0623%. The fund shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianzgi Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianzgi Income is expected to be smaller as well.

Auto-correlation

    
  0.45  

Average predictability

Allianzgi Income Growth has average predictability. Overlapping area represents the amount of predictability between Allianzgi Income time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Income Growth price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Allianzgi Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.59
Residual Average0.0
Price Variance0.0

Allianzgi Income Growth lagged returns against current returns

Autocorrelation, which is Allianzgi Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Income returns to help us make a trade decision. For example, suppose you find that Allianzgi Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Income 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 Income mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Allianzgi Income Lagged Returns

When evaluating Allianzgi Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Income mutual fund have on its future price. Allianzgi Income 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 Income autocorrelation shows the relationship between Allianzgi Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Income Growth.
   Regressed Prices   
       Timeline  

Pair Trading with Allianzgi Income

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allianzgi Income position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allianzgi Income will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allianzgi Mutual Fund

  0.92ANCMX Allianzgi Vertible FundPairCorr
The ability to find closely correlated positions to Allianzgi Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allianzgi Income when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allianzgi Income - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allianzgi Income Growth to buy it.
The correlation of Allianzgi Income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allianzgi Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allianzgi Income Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allianzgi Income can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Allianzgi Income Correlation, Allianzgi Income Volatility and Allianzgi Income Alpha and Beta module to complement your research on Allianzgi Income.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Allianzgi Income's price analysis, check to measure Allianzgi Income's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allianzgi Income is operating at the current time. Most of Allianzgi Income's value examination focuses on studying past and present price action to predict the probability of Allianzgi Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allianzgi Income's price. Additionally, you may evaluate how the addition of Allianzgi Income to your portfolios can decrease your overall portfolio volatility.
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Allianzgi Income technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Allianzgi Income technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allianzgi Income trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...