We consider American Funds not too risky. American Funds Washi
secures Sharpe Ratio (or Efficiency) of 0.033 which signifies that American Funds Washi
had 0.033% 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-one technical indicators
for American Funds Washington Mutual R4 which you can use to evaluate future volatility of the entity. Please confirm American Funds Washi Mean Deviation
of 0.9101 and Risk Adjusted Performance
of 0.0225 to double-check if risk estimate we provide are consistent with the epected return of 0.0385%. The organization shows Beta (market volatility) of -0.0517 which signifies that as returns on market increase, returns on owning American Funds are expected to decrease at a much smaller rate. During bear market, American Funds is likely to outperform the market.. 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 0.0385% will be sustainable into the future.
|15 days auto-correlation||(0.72) |
Almost perfect reverse predictability
American Funds Washington Mutual R4 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between American Funds time series from October 14, 2018 to October 29, 2018 and October 29, 2018 to November 13, 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 -0.72 indicates that around 72.0% of current American Funds price fluctuation can be explain by its past prices. Given that American Funds Washington Mutual R4 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||-0.69|