NCZ Stock Summary and Trading Ideas (Allianzgi Equity & Conv | NYSE:NCZ)

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 Equity & Conv trades on the NYSE stock market under the symbol NCZ.

As of April 30, 2024, NCZ stock price declined to $2.80 with 248,622 million shares trading.

NCZ has a beta of 1.28, meaning it tends to be more sensitive to market movements. NCZ has a correlation of 0.57 to the broad based SPY ETF.

NCZ has a market cap of $213.12 million. This is considered a Small Cap stock.

In the last 3 years, NCZ stock traded as high as $5.51 and as low as $2.50.

NCZ has underperformed the market in the last year with a return of +4.2%, while the SPY ETF gained +22.3%. In the last 3 month period, NCZ fell short of the market, returning -0.3%, while SPY returned +2.5%. However, in the most recent 2 weeks NCZ has outperformed the stock market by returning +2.6%, while SPY returned -0.5%.

NCZ support price is $2.79 and resistance is $2.87 (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 NCZ stock will trade within this expected range on the day.