Europacific Growth Fund Market Value
| AEPGX Fund | USD 56.48 0.44 0.79% |
| Symbol | Europacific |
Europacific Growth 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Europacific Growth's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Europacific Growth.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Europacific Growth on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Europacific Growth Fund or generate 0.0% return on investment in Europacific Growth over 60 days. Europacific Growth is related to or competes with Income Fund, New World, American Mutual, American Mutual, American Funds, American Funds, and Income Fund. The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investment adviser belie... More
Europacific Growth Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Europacific Growth's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Europacific Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5394 | |||
| Information Ratio | (0.0003) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 1.24 |
Europacific Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Europacific Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Europacific Growth's standard deviation. In reality, there are many statistical measures that can use Europacific Growth historical prices to predict the future Europacific Growth's volatility.| Risk Adjusted Performance | 0.0857 | |||
| Jensen Alpha | 0.0126 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.0004) | |||
| Treynor Ratio | 0.0943 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Europacific Growth's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Europacific Growth Backtested Returns
We consider Europacific Growth very steady. Europacific Growth secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Europacific Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm Europacific Growth's Coefficient Of Variation of 721.71, mean deviation of 0.4978, and Downside Deviation of 0.5394 to check if the risk estimate we provide is consistent with the expected return of 0.0652%. The fund shows a Beta (market volatility) of 0.84, which means possible diversification benefits within a given portfolio. As returns on the market increase, Europacific Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Europacific Growth is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
Europacific Growth Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Europacific Growth time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Europacific Growth price movement. The serial correlation of -0.7 indicates that around 70.0% of current Europacific Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Europacific Growth lagged returns against current returns
Autocorrelation, which is Europacific Growth mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Europacific Growth's mutual fund expected returns. We can calculate the autocorrelation of Europacific Growth returns to help us make a trade decision. For example, suppose you find that Europacific Growth has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Europacific Growth regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Europacific Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Europacific Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Europacific Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Europacific Growth Lagged Returns
When evaluating Europacific Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Europacific Growth mutual fund have on its future price. Europacific Growth autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Europacific Growth autocorrelation shows the relationship between Europacific Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Europacific Growth Fund.
Regressed Prices |
| Timeline |
Pair Trading with Europacific Growth
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 Europacific Growth 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 Europacific Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Europacific Mutual Fund
| 0.94 | AMECX | Income Fund | PairCorr |
| 0.99 | RNEBX | New World Fund | PairCorr |
| 0.96 | AMFCX | American Mutual | PairCorr |
| 0.96 | AMFFX | American Mutual | PairCorr |
| 0.93 | RNCCX | American Funds Me | PairCorr |
The ability to find closely correlated positions to Europacific Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Europacific Growth 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 Europacific Growth - 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 Europacific Growth Fund to buy it.
The correlation of Europacific Growth 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 Europacific Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Europacific Growth 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 Europacific Growth 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 Europacific Growth Correlation, Europacific Growth Volatility and Europacific Growth Alpha and Beta module to complement your research on Europacific Growth. Note that the Europacific Growth information on this page should be used as a complementary analysis to other Europacific Growth'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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Europacific Growth technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.