James Lovelace - Capital Income Fund Manager
| CIRCX Fund | USD 66.29 0.45 0.68% |
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 |
Capital Income Management Performance (%)
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Capital 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 Capital Income 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 | 18.22 X | ||||
| Price To Book | 2.47 X | ||||
| Price To Sales | 1.86 X | ||||
| Total Asset | 112.52 B | ||||
| Annual Yield | 0.02 % | ||||
| Year To Date Return | 0.39 % | ||||
| One Year Return | 3.84 % | ||||
| Three Year Return | 1.72 % | ||||
| Five Year Return | 4.40 % | ||||
| Ten Year Return | 5.78 % |
Pair Trading with Capital Income
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 Capital Income 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 Capital Income will appreciate offsetting losses from the drop in the long position's value.Moving together with Capital Mutual Fund
| 0.97 | AMECX | Income Fund | PairCorr |
| 0.89 | RNEBX | New World Fund | PairCorr |
| 0.91 | AMFCX | American Mutual | PairCorr |
| 0.9 | AMFFX | American Mutual | PairCorr |
| 0.98 | RNCCX | American Funds Me | PairCorr |
The ability to find closely correlated positions to Capital Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital Income 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 Capital Income - 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 Capital Income Builder to buy it.
The correlation of Capital Income 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 Capital Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital Me Builder 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 Capital Income 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 Capital Income Builder. 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 main economic indicators. Note that the Capital Me Builder information on this page should be used as a complementary analysis to other Capital Income's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.