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 19, 2024, NCV stock price declined to $3.04 with 649,026 million shares trading.

NCV has a beta of 1.33, meaning it tends to be more sensitive to market movements. NCV has a correlation of 0.58 to the broad based SPY ETF.

NCV has a market cap of $274.74 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 price return of +1.5% while the SPY ETF gained +21.2%. NCV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.4% and -5.4%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

NCV support price is $3.01 and resistance is $3.09 (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.