Is NCDL or NCZ more undervalued in 2026?

CirclFi compares NCDL (NCDL) and AllianzGI Convertible & Income (NCZ) using 13 institutional-grade valuation models. NCDL has a Quality of Company score of 6.5/10 while NCZ scores 1.9/10.

Which is a better buy — NCDL or NCZ?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do NCDL and NCZ valuations compare?

NCDL at $12.98 and NCZ at $15.89 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NCDL vs NCZ Valuation Comparison 2026 — Intrinsic Value Analysis

NCDL

Asset Management

NCDL

Quality

6.5

out of 10

Value Trap

SAFE

Price

$12.98

Last close

Models

9/13

Active

NCZ

Asset Management

AllianzGI Convertible & Income

Quality

1.9

out of 10

Value Trap

—

Price

$15.89

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	NCDL Fair Value	NCDL Upside	NCZ Fair Value	NCZ Upside
Bayesian DCF	Intrinsic	$46.93	+261.5%	$4.21	-73.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$0.46	-96.9%	$18.69	+23.1%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$69.00	+431.6%	$9.20	-39.4%

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NCDL vs NCZ — Which Stock Is More Undervalued?

NCDL scores higher with a 6.5/10 quality rating vs NCZ's 1.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing NCDL (NCDL) and AllianzGI Convertible & Income (NCZ) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

NCDL currently trades at $12.98 with a QOC of 6.5/10, while NCZ trades at $15.89 with a QOC of 1.9/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).