American Funds Income Backtested Returns
Macroaxis considers American Funds to be not too risky. American Funds Income
secures Sharpe Ratio (or Efficiency) of -0.0224 which signifies that American Funds Income
had -0.0224% 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 0.1784 and Risk Adjusted Performance
of (0.014635) to double-check risk estimate we provide. The organization shows Beta (market volatility) of 0.5282 which signifies that as returns on market increase, American Funds returns are expected to increase less than the market. However during bear market, the loss on holding American Funds will be expected to be smaller as well.. 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|| 0.00 |
No correlation between past and present
American Funds Income Fund of Amer F1 has no correlation between past and present. Overlapping area represents the amount of predictability between American Funds time series from October 23, 2017 to November 7, 2017 and November 7, 2017 to November 22, 2017. 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 0.0 indicates that just 0.0% of current American Funds price fluctuation can be explain by its past prices.
|Spearman Rank Test|| -0.26|
|Price Variance|| 0.01|
|Average Price|| 23.31|
|Lagged Average Price|| 23.38|
American Funds Lagged Returns