AllianzGI Convertible is down -0.67 percent despite market rise
 | By Ellen Johnson | Macroaxis Story |
This article is geared to all AllianzGI Convertible investors as well as to investors considering exiting their position in the fund. I will inspect why investors should continue to be optimistic in the fund outlook. The firm current probability of bankruptcy is under 1.0 percent. What is AllianzGI Convertible Target Price Odds to finish over Current Price? Based on normal probability distribution, the odds of AllianzGI Convertible to move above current price in 30 days from now is about 11.87%. The AllianzGI Convertible Fund Inst probability density function shows the probability of AllianzGI Convertible Fund to fall within a particular range of prices over 30 days . Assuming 30 trading days horizon, AllianzGI Convertible has beta of 0.0927 . This suggests as returns on market go up, AllianzGI Convertible average returns are expected to increase less than the benchmark. However during bear market, the loss on holding AllianzGI Convertible Fund Inst will be expected to be much smaller as well. Additionally, the company has an alpha of 0.1511 implying that it can potentially generate 0.1511% excess return over S&P 500 after adjusting for the inherited market risk (beta).
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Reviewed by Vlad Skutelnik
AllianzGI Convertible has beta of 0.0. The returns on MARKET and AllianzGI Convertible are completely uncorrelated. The entity dividends can provide a clue to current valuation of the fund. AllianzGI Convertible one year expected dividend income is about $1.52 per share.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allianzgi Vertible. Your research has to be compared to or analyzed against Allianzgi Vertible's peers to derive any actionable benefits. When done correctly, Allianzgi Vertible'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 Vertible.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Allianzgi Vertible. Regardless of method or technology, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Predictive Modules for Allianzgi Vertible
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Vertible'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.
Instrument Allocation
The asset allocation of funds such as Allianzgi Vertible usually varies among a different mix of asset classes. Balanced mutual funds invest not only in bonds, which focus primarily on income, and stocks, which aim for investment growth, but also keep some reserve in cash or even exotic instruments. Below we show the current asset allocation of Allianzgi Vertible Fund
DetailsGoing after Allianzgi Financials
The modest gains experienced by current holders of AllianzGI Convertible could raise concerns from investors as the entity closed today at a share price of 29.59 on 1.000 in volume. The fund managers have been quite successful with maneuvering the fund at opportune times to take advantage of all market conditions in June. The fund standard deviation of daily returns for 30 days (very short) investing horizon is currently 0.4807. The very small Fund volatility is a good signal to investors with longer term investment horizons. AllianzGI Convertible is selling for under 29.59. That is 0.67% down. Started trading at 29.59. To sum up, I belive AllianzGI Convertible is currently fairly valued. It Barely shadows market and projects very small chance of distress in the next two years. Our up-to-date buy-hold-sell recommendation on the fund is Hold.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Allianzgi Vertible Fund. Please refer to our Terms of Use for any information regarding our disclosure principles.