Virtus Allianzgi Convertible Preferred Stock Market Value
| NCV-PA Preferred Stock | USD 22.22 0.14 0.63% |
| Symbol | Virtus |
Virtus AllianzGI '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 Virtus AllianzGI's preferred stock 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 Virtus AllianzGI.
| 08/17/2024 |
| 11/15/2024 |
If you would invest 0.00 in Virtus AllianzGI on August 17, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus AllianzGI Convertible or generate 0.0% return on investment in Virtus AllianzGI over 90 days. Virtus AllianzGI is related to or competes with Gabelli Equity, Gabelli Utility, Gabelli Multimedia, and Tri-ContinentalPFD. AllianzGI Convertible Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Inve... More
Virtus AllianzGI 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 Virtus AllianzGI's preferred stock 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 Virtus AllianzGI Convertible upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.772 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.06 |
Virtus AllianzGI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus AllianzGI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus AllianzGI's standard deviation. In reality, there are many statistical measures that can use Virtus AllianzGI historical prices to predict the future Virtus AllianzGI's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | 0.041 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.19) |
Virtus AllianzGI Con Backtested Returns
At this point, Virtus AllianzGI is very steady. Virtus AllianzGI Con owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0578, which indicates the firm had a 0.0578% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Virtus AllianzGI Convertible, which you can use to evaluate the volatility of the company. Please validate Virtus AllianzGI's Semi Deviation of 0.645, risk adjusted performance of 0.0392, and Coefficient Of Variation of 1853.9 to confirm if the risk estimate we provide is consistent with the expected return of 0.0375%. Virtus AllianzGI has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Virtus AllianzGI are expected to decrease at a much lower rate. During the bear market, Virtus AllianzGI is likely to outperform the market. Virtus AllianzGI Con right now has a risk of 0.65%. Please validate Virtus AllianzGI maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to decide if Virtus AllianzGI will be following its existing price patterns.
Auto-correlation | -0.84 |
Excellent reverse predictability
Virtus AllianzGI Convertible has excellent reverse predictability. Overlapping area represents the amount of predictability between Virtus AllianzGI time series from 17th of August 2024 to 1st of October 2024 and 1st of October 2024 to 15th of November 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 Virtus AllianzGI Con price movement. The serial correlation of -0.84 indicates that around 84.0% of current Virtus AllianzGI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Virtus AllianzGI Con lagged returns against current returns
Autocorrelation, which is Virtus AllianzGI preferred stock'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 Virtus AllianzGI's preferred stock expected returns. We can calculate the autocorrelation of Virtus AllianzGI returns to help us make a trade decision. For example, suppose you find that Virtus AllianzGI has exhibited high autocorrelation historically, and you observe that the preferred stock 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 |
Virtus AllianzGI 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 Virtus AllianzGI preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus AllianzGI preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus AllianzGI preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Virtus AllianzGI Lagged Returns
When evaluating Virtus AllianzGI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus AllianzGI preferred stock have on its future price. Virtus AllianzGI 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, Virtus AllianzGI autocorrelation shows the relationship between Virtus AllianzGI preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Virtus AllianzGI Convertible.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Virtus Preferred Stock
Virtus AllianzGI financial ratios help investors to determine whether Virtus Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Virtus with respect to the benefits of owning Virtus AllianzGI security.