Allianzgi Technology Fund Net Asset
| DRGTX Fund | USD 71.99 0.60 0.83% |
Allianzgi Technology Fund fundamentals help investors to digest information that contributes to Allianzgi Technology's financial success or failures. It also enables traders to predict the movement of Allianzgi Mutual Fund. The fundamental analysis module provides a way to measure Allianzgi Technology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Allianzgi Technology mutual fund.
Allianzgi |
Allianzgi Technology Fund Mutual Fund Net Asset Analysis
Allianzgi Technology's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Allianzgi Technology Net Asset | 2.51 B |
Most of Allianzgi Technology's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Allianzgi Technology Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, Allianzgi Technology Fund has a Net Asset of 2.51 B. This is much higher than that of the Allianz Global Investors family and significantly higher than that of the Technology category. The net asset for all United States funds is notably lower than that of the firm.
Allianzgi Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allianzgi Technology's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Allianzgi Technology could also be used in its relative valuation, which is a method of valuing Allianzgi Technology by comparing valuation metrics of similar companies.Allianzgi Technology is currently under evaluation in net asset among similar funds.
Fund Asset Allocation for Allianzgi Technology
The fund consists of 94.01% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides Allianzgi Technology's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Allianzgi Fundamentals
| Price To Earning | 24.69 X | |||
| Price To Book | 4.17 X | |||
| Price To Sales | 3.21 X | |||
| Total Asset | 1.37 B | |||
| Year To Date Return | 11.30 % | |||
| One Year Return | 54.09 % | |||
| Three Year Return | 4.00 % | |||
| Five Year Return | 15.51 % | |||
| Ten Year Return | 18.60 % | |||
| Net Asset | 2.51 B | |||
| Cash Position Weight | 5.99 % | |||
| Equity Positions Weight | 94.01 % |
About Allianzgi Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Allianzgi Technology Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allianzgi Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allianzgi Technology Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Allianzgi Technology
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 Technology 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 Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Allianzgi Mutual Fund
| 0.59 | VIDE | Video Display Report 4th of June 2024 | PairCorr |
| 0.56 | NOGWQ | Nogin Inc | PairCorr |
| 0.43 | DTRK | DATATRAK International Earnings Call This Week | PairCorr |
| 0.42 | SBIGW | SpringBig Holdings | PairCorr |
| 0.41 | DLPX | Delphax Technologies Earnings Call Next Week | PairCorr |
The ability to find closely correlated positions to Allianzgi Technology 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 Technology 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 Technology - 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 Technology Fund to buy it.
The correlation of Allianzgi Technology 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 Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allianzgi Technology 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 Technology 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Allianzgi Technology Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.