NCV Stock Summary and Trading Ideas (Allianzgi Conv & Income | NYSE:NCV)

The fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. The Funds attempt to achieve this objective by investing in a portfolio of convertible securities and non-convertible income-producing securities.

Allianzgi Conv & Income trades on the NYSE stock market under the symbol NCV.

As of April 26, 2024, NCV stock price climbed to $3.18 with 573,473 million shares trading.

NCV has a beta of 1.30, meaning it tends to be more sensitive to market movements. NCV has a correlation of 0.59 to the broad based SPY ETF.

NCV has a market cap of $287.39 million. This is considered a Small Cap stock.

In the last 3 years, NCV stock traded as high as $6.41 and as low as $2.84.

NCV has underperformed the market in the last year with a return of +8.4%, while the SPY ETF gained +27.4%. In the last 3 month period, NCV fell short of the market, returning +0.4%, while SPY returned +4.6%. However, in the most recent 2 weeks NCV has outperformed the stock market by returning +1.9%, while SPY returned -0.5%.

NCV support price is $3.08 and resistance is $3.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NCV stock will trade within this expected range on the day.