Allianzgi Global Sustainability Fund Market Value
| ASTNX Fund | USD 13.62 0.48 3.40% |
| Symbol | Allianzgi |
Allianzgi Global '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 Global'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 Global.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Allianzgi Global on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Allianzgi Global Sustainability or generate 0.0% return on investment in Allianzgi Global over 720 days. Allianzgi Global is related to or competes with Allianzgi Nfj, Allianzgi Convertible, Allianzgi Nfj, Allianzgi Focused, Allianzgi Nfj, Allianzgi Vertible, and Allianzgi Convertible. The fund seeks to achieve its investment objective by creating a portfolio of global equities with a focus on companies ... More
Allianzgi Global 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 Global'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 Global Sustainability upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.06 |
Allianzgi Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianzgi Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianzgi Global's standard deviation. In reality, there are many statistical measures that can use Allianzgi Global historical prices to predict the future Allianzgi Global's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allianzgi Global'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.
Allianzgi Global Sus Backtested Returns
We consider Allianzgi Global very steady. Allianzgi Global Sus secures Sharpe Ratio (or Efficiency) of 0.0369, which signifies that the fund had a 0.0369% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Allianzgi Global Sustainability, which you can use to evaluate the volatility of the entity. Please confirm Allianzgi Global's Mean Deviation of 0.682, standard deviation of 0.8968, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.0319%. The fund shows a Beta (market volatility) of 1.12, which signifies a somewhat significant risk relative to the market. Allianzgi Global returns are very sensitive to returns on the market. As the market goes up or down, Allianzgi Global is expected to follow.
Auto-correlation | 0.52 |
Modest predictability
Allianzgi Global Sustainability has modest predictability. Overlapping area represents the amount of predictability between Allianzgi Global time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th of April 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 Global Sus price movement. The serial correlation of 0.52 indicates that about 52.0% of current Allianzgi Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Allianzgi Global Sus lagged returns against current returns
Autocorrelation, which is Allianzgi Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Allianzgi Global returns to help us make a trade decision. For example, suppose you find that Allianzgi Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianzgi Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allianzgi Global Lagged Returns
When evaluating Allianzgi Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianzgi Global mutual fund have on its future price. Allianzgi Global 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 Global autocorrelation shows the relationship between Allianzgi Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allianzgi Global Sustainability.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allianzgi Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allianzgi Global's short interest history, or implied volatility extrapolated from Allianzgi Global options trading.
Pair Trading with Allianzgi Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Allianzgi Mutual Fund
| 0.82 | ANNPX | Allianzgi Convertible | PairCorr |
| 0.95 | ANPRX | Allianzgi Nfj Mid | PairCorr |
| 0.81 | ANZCX | Allianzgi Vertible | PairCorr |
| 0.81 | ANZAX | Allianzgi Convertible | PairCorr |
| 0.74 | PGWCX | Allianzgi Focused Growth | PairCorr |
The ability to find closely correlated positions to Allianzgi Global 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 Global 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 Global - 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 Global Sustainability to buy it.
The correlation of Allianzgi Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allianzgi Global Sus 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 Global 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 Allianzgi Global Correlation, Allianzgi Global Volatility and Allianzgi Global Alpha and Beta module to complement your research on Allianzgi Global. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Allianzgi Global 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.