Macroaxis considers American Funds to be not too risky. American Funds Income
secures Sharpe Ratio (or Efficiency) of -0.0201 which signifies that American Funds Income
had -0.0201% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. American Funds Income Fund of Amer F1 exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm American Funds Income to double-check risk estimate we provide. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and American Funds are completely uncorrelated. Even though it is essential to pay attention to American Funds Income
historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. American Funds Income Fund of Amer F1 exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.42) |
Modest reverse predictability
American Funds Income Fund of Amer F1 has modest reverse predictability. Overlapping area represents the amount of predictability between American Funds time series from May 25, 2018 to June 9, 2018 and June 9, 2018 to June 24, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of American Funds Income price movement. The serial correlation of -0.42 indicates that just about 42.0% of current American Funds price fluctuation can be explain by its past prices. Given that American Funds Income Fund of Amer F1 has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of American Funds for similar time interval.
|Correlation Coefficient|| -0.42|
|Spearman Rank Test|| -0.65|
|Price Variance|| 0.05|
|Lagged Price Variance|| 0.02|