Macroaxis considers American Funds to be not too risky. American Funds Income
secures Sharpe Ratio (or Efficiency) of -0.0686 which signifies that American Funds Income
had -0.0686% 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 Mean Deviation
of 0.2652 and Risk Adjusted Performance
of 0.01 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||(0.78) |
Almost perfect reverse predictability
American Funds Income Fund of Amer F1 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between American Funds time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 -0.78 indicates that around 78.0% 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.
|Spearman Rank Test||-0.71|