AllianzGl Best Backtesting

ALBPX -- USA Fund  

USD 16.97  0.12  0.71%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of AllianzGl Best Styles U S Equi and determine expected loss or profit from investing in AllianzGl Best over given investment horizon. Check also AllianzGl Best Hype Analysis, AllianzGl Best Correlation, Portfolio Optimization, AllianzGl Best Volatility as well as analyze AllianzGl Best Alpha and Beta and AllianzGl Best Performance.
Horizon     30 Days    Login   to change

AllianzGl Best 'What if' Analysis

August 21, 2019
No Change 0.00  0.0 
In 3 months and 1 day
November 19, 2019
If you would invest  0.00  in AllianzGl Best on August 21, 2019 and sell it all today you would earn a total of 0.00 from holding AllianzGl Best Styles U S Equi or generate 0.0% return on investment in AllianzGl Best over 90 days. AllianzGl Best is related to or competes with TIAA CREF, IShares SP, T Rowe, Davis New, Davis New, Davis New, and Davis New. The fund will normally invest at least 80 percent of its net assets in equity securities and equity-related instruments,...

AllianzGl Best Upside/Downside Indicators

Downside Deviation0.8694
Information Ratio0.0368
Maximum Drawdown3.97
Value At Risk(1.18)
Potential Upside1.26

AllianzGl Best Market Premium Indicators

Risk Adjusted Performance0.1472
Jensen Alpha0.1455
Total Risk Alpha0.0243
Sortino Ratio0.0315
Treynor Ratio(3.50)

AllianzGl Best Styles Backtested Returns

We consider AllianzGl Best not too volatile. AllianzGl Best Styles secures Sharpe Ratio (or Efficiency) of 0.1649 which signifies that the fund had 0.1649% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for AllianzGl Best Styles U S Equi which you can use to evaluate future volatility of the entity. Please confirm AllianzGl Best Styles Downside Deviation of 0.8694, Risk Adjusted Performance of 0.1472 and Mean Deviation of 0.5397 to double-check if risk estimate we provide are consistent with the epected return of 0.118%. The organization shows Beta (market volatility) of -0.0403 which signifies that as returns on market increase, returns on owning AllianzGl Best are expected to decrease at a much smaller rate. During bear market, AllianzGl Best is likely to outperform the market. Although it is extremely important to respect AllianzGl Best Styles historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing AllianzGl Best Styles technical indicators you can presently evaluate if the expected return of 0.118% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.52 
correlation synergy

Modest predictability

AllianzGl Best Styles U S Equi has modest predictability. Overlapping area represents the amount of predictability between AllianzGl Best time series from August 21, 2019 to October 5, 2019 and October 5, 2019 to November 19, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AllianzGl Best Styles price movement. The serial correlation of 0.52 indicates that about 52.0% of current AllianzGl Best price fluctuation can be explain by its past prices.
Correlation Coefficient0.52
Spearman Rank Test0.47
Residual Average0.0
Price Variance0.14

AllianzGl Best Styles lagged returns against current returns

 Current and Lagged Values 

AllianzGl Best regressed lagged prices vs. current prices

 Current vs Lagged Prices 

AllianzGl Best Lagged Returns

 Regressed Prices 

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AllianzGl Best Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for AllianzGl Best and TIAA CREF Equity. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also AllianzGl Best Hype Analysis, AllianzGl Best Correlation, Portfolio Optimization, AllianzGl Best Volatility as well as analyze AllianzGl Best Alpha and Beta and AllianzGl Best Performance. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.