American Funds Backtesting

IFAFX -- USA Fund  

USD 22.52  0.23  1.01%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of American Funds Income Fund of Amer F1 and determine expected loss or profit from investing in American Funds over given investment horizon. Please also check American Funds Hype Analysis, American Funds Correlation, Portfolio Optimization, American Funds Volatility as well as analyze American Funds Alpha and Beta and American Funds Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

American Funds 'What if' Analysis

May 25, 2018
0.00
No Change 0.00  0.0%
In 30 days
June 24, 2018
0.00
If you would invest  0.00  in American Funds on May 25, 2018 and sell it all today you would earn a total of 0.00 from holding American Funds Income Fund of Amer F1 or generate 0.0% return on investment in American Funds over 30 days. American Funds is related to or competes with JHancock Multimanager, JHancock Multimanager, JHancock Multimanager, JHancock Multimanager, JHancock Multimanager, and RGQFX. The investment seeks to provide investors with current income while secondarily striving for capital growth

American Funds Upside/Downside Indicators

  

American Funds Market Premium Indicators

American Funds Income Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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

American Funds Income lagged returns against current returns

 Current and Lagged Values 
      Timeline 

American Funds regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

American Funds Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - IFAFX

American Funds Income Investor Sentiment
Most of Macroaxis users are currently bullish on American Funds Income Fund of Amer F1. What is your sentiment towards investing in American Funds Income Fund of Amer F1? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please also check American Funds Hype Analysis, American Funds Correlation, Portfolio Optimization, American Funds Volatility as well as analyze American Funds Alpha and Beta and American Funds Performance. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.