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American Funds Risk Analysis And Volatility

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CWGIX -- USA Fund  

USD 52.60  0.74  1.39%

We consider American Funds very steady. American Funds Capital secures Sharpe Ratio (or Efficiency) of 0.0715 which signifies that the fund had 0.0715% of return per unit of standard deviation over the last 3 months. 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-six technical indicators for American Funds Capital World Gr which you can use to evaluate future volatility of the entity. Please confirm American Funds Capital Mean Deviation of 0.6057 and Risk Adjusted Performance of 0.0568 to double-check if risk estimate we provide are consistent with the epected return of 0.066%.

90 Days Market Risk

Very steady

Chance of Distress

Very Low

90 Days Economic Sensitivity

Follows market closely

American Funds Market Sensitivity

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.
3 Months Beta |Analyze American Funds Capital Demand Trend
Check current 30 days American Funds correlation with market (DOW)
β = 0.7893

American Funds Central Daily Price Deviation

American Funds Capital Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of American Funds Capital high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only American Funds closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

American Funds Projected Return Density Against Market

Assuming 30 trading days horizon, American Funds has beta of 0.7893 . This suggests as returns on market go up, American Funds average returns are expected to increase less than the benchmark. However during bear market, the loss on holding American Funds Capital World Gr will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. American Funds Capital is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Assuming 30 trading days horizon, the coefficient of variation of American Funds is 1398.74. The daily returns are destributed with a variance of 0.85 and standard deviation of 0.92. The mean deviation of American Funds Capital World Gr is currently at 0.64. For similar time horizon, the selected benchmark (DOW) has volatility of 0.78
α
Alpha over DOW
=0.0068
β
Beta against DOW=0.79
σ
Overall volatility
=0.92
Ir
Information ratio =0.03

American Funds Return Volatility

the fund shows 0.9238% volatility of returns over 30 trading days. the entity inherits 0.8042% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

American Funds Investment Opportunity

American Funds Capital World Gr has a volatility of 0.92 and is 1.15 times more volatile than DOW. of all equities and portfolios are less risky than American Funds. Compared to the overall equity markets, volatility of historical daily returns of American Funds Capital World Gr is lower than 8 () of all global equities and portfolios over the last 30 days. Use American Funds Capital World Gr to protect your portfolios against small markets fluctuations. The mutual fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of American Funds to be traded at $51.02 in 30 days. . 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.

American Funds correlation with market

correlation synergy
Poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding American Funds Capital World G and equity matching DJI index in the same portfolio.

American Funds Current Risk Indicators

American Funds Suggested Diversification Pairs

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