Allianzgi Convertible Income Etf Technical Analysis
| CBH Etf | USD 8.92 0.01 0.11% |
As of the 21st of May, AllianzGI Convertible shows the Mean Deviation of 0.2454, downside deviation of 0.3645, and Risk Adjusted Performance of 0.0672. AllianzGI Convertible technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed nineteen technical drivers for AllianzGI Convertible Income, which can be compared to its peers. Please confirm AllianzGI Convertible treynor ratio, and the relationship between the variance and potential upside to decide if AllianzGI Convertible is priced correctly, providing market reflects its regular price of 8.92 per share.
AllianzGI Convertible Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as AllianzGI, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AllianzGIAllianzGI |
AllianzGI Convertible technical etf 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, etf market cycles, or different charting patterns.
AllianzGI Convertible Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of AllianzGI Convertible volatility. High ATR values indicate high volatility, and low values indicate low volatility.
AllianzGI Convertible Trend Analysis
Use this graph to draw trend lines for AllianzGI Convertible Income. You can use it to identify possible trend reversals for AllianzGI Convertible as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual AllianzGI Convertible price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.AllianzGI Convertible Best Fit Change Line
The following chart estimates an ordinary least squares regression model for AllianzGI Convertible Income applied against its price change over selected period. The best fit line has a slop of 0 , which may imply that AllianzGI Convertible Income will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 0.57, which is the sum of squared deviations for the predicted AllianzGI Convertible price change compared to its average price change.About AllianzGI Convertible Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of AllianzGI Convertible Income on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of AllianzGI Convertible Income based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on AllianzGI Convertible price pattern first instead of the macroeconomic environment surrounding AllianzGI Convertible. By analyzing AllianzGI Convertible's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of AllianzGI Convertible's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to AllianzGI Convertible specific price patterns or momentum indicators. Please read more on our technical analysis page.
AllianzGI Convertible May 21, 2024 Technical Indicators
Most technical analysis of AllianzGI help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for AllianzGI from various momentum indicators to cycle indicators. When you analyze AllianzGI charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0672 | |||
| Market Risk Adjusted Performance | 0.2999 | |||
| Mean Deviation | 0.2454 | |||
| Semi Deviation | 0.2196 | |||
| Downside Deviation | 0.3645 | |||
| Coefficient Of Variation | 762.35 | |||
| Standard Deviation | 0.3189 | |||
| Variance | 0.1017 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | 0.0244 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.2899 | |||
| Maximum Drawdown | 1.49 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.5767 | |||
| Downside Variance | 0.1329 | |||
| Semi Variance | 0.0482 | |||
| Expected Short fall | (0.29) | |||
| Skewness | (0.32) | |||
| Kurtosis | 0.535 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AllianzGI Convertible Income. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the AllianzGI Convertible information on this page should be used as a complementary analysis to other AllianzGI Convertible's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of AllianzGI Convertible is measured differently than its book value, which is the value of AllianzGI that is recorded on the company's balance sheet. Investors also form their own opinion of AllianzGI Convertible's value that differs from its market value or its book value, called intrinsic value, which is AllianzGI Convertible's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AllianzGI Convertible's market value can be influenced by many factors that don't directly affect AllianzGI Convertible's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AllianzGI Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if AllianzGI Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AllianzGI Convertible'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.