We consider American Funds not too risky. American Funds Washi
secures Sharpe Ratio (or Efficiency) of 0.2698 which signifies that American Funds Washi
had 0.2698% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a fund is to use all available market data together with fund specific technical indicators
that cannot be diversified away. We have found twenty technical indicators
for American Funds Washington Mutual R1 which you can use to evaluate future volatility of the entity. Please confirm American Funds Washi Mean Deviation
of 0.2068 and Risk Adjusted Performance
of 0.1145 to double-check if risk estimate we provide are consistent with the epected return of 0.0684%. The organization shows Beta (market volatility) of 0.1831 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.. Although it is extremely important to respect American Funds Washi
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing American Funds Washi technical indicators
you can presently evaluate if the expected return of 0.0684% will be sustainable into the future.
|15 days auto-correlation|| 0.59 |
American Funds Washington Mutual R1 has modest predictability. Overlapping area represents the amount of predictability between American Funds time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 20, 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 Washi price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current American Funds price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.4|