James Lovelace - American Funds Fund Manager
| AAHTX Fund | USD 19.76 0.02 0.10% |
James B. Lovelace is an equity portfolio manager at Capital Group. He has 34 years of investment experience, all with Capital. As an equity investment analyst at Capital, Jim covered beverages tobacco, restaurants lodging, household products and personal care companies. He holds a bachelors degree with honors in philosophy from Swarthmore College. He also holds the Chartered Financial Analyst designation and is a member of the Los Angeles Society of Financial Analysts. Jim is based in Los Angeles.
| Phone | 800-421-4225 |
American Funds Management Performance (%)
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American Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is American Funds a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 19.66 X | ||||
| Price To Book | 2.59 X | ||||
| Price To Sales | 1.76 X | ||||
| Total Asset | 2.22 B | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 4.44 % | ||||
| One Year Return | 17.09 % | ||||
| Three Year Return | 3.22 % | ||||
| Five Year Return | 9.02 % | ||||
| Ten Year Return | 10.22 % |
Pair Trading with American Funds
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Funds position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Funds will appreciate offsetting losses from the drop in the long position's value.Moving together with American Mutual Fund
| 0.85 | AMECX | Income Fund | PairCorr |
| 0.98 | RNEBX | New World Fund | PairCorr |
| 0.98 | AMFCX | American Mutual | PairCorr |
| 0.98 | AMFFX | American Mutual | PairCorr |
| 0.94 | RNCCX | American Funds Me | PairCorr |
The ability to find closely correlated positions to American Funds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Funds when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Funds - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Funds 2045 to buy it.
The correlation of American Funds is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Funds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Funds 2045 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Funds can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Funds 2045. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.