Income Fund Backtesting

AMECX -- USA Fund  

USD 23.23  0.05  0.22%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of The Income Fund Of America Cla and determine expected loss or profit from investing in Income Fund over given investment horizon. Check also Income Fund Hype Analysis, Income Fund Correlation, Portfolio Optimization, Income Fund Volatility as well as analyze Income Fund Alpha and Beta and Income Fund Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Income Fund 'What if' Analysis

August 14, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
November 12, 2019
0.00
If you would invest  0.00  in Income Fund on August 14, 2019 and sell it all today you would earn a total of 0.00 from holding The Income Fund Of America Cla or generate 0.0% return on investment in Income Fund over 90 days. Income Fund is related to or competes with Income Fund, Income Fund, Income Fund, Income Fund, Income Fund, Vanguard Lifestrategy, and John Hancock. The investment seeks to provide investors with current income while secondarily striving for capital growth

Income Fund Upside/Downside Indicators

Downside Deviation0.7654
Information Ratio(0.07)
Maximum Drawdown2.65
Value At Risk(1.29)
Potential Upside0.8261

Income Fund Market Premium Indicators

Risk Adjusted Performance0.0927
Jensen Alpha0.0028
Total Risk Alpha(0.008596)
Sortino Ratio(0.049821)
Treynor Ratio0.1

Income Fund Backtested Returns

We consider Income Fund very steady. Income Fund holds Efficiency (Sharpe) Ratio of 0.1556 which attests that the entity had 0.1556% of return per unit of risk over the last 3 months. Our philosophy towards determining 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 Income Fund which you can use to evaluate future volatility of the entity. Please check out Income Fund Risk Adjusted Performance of 0.0927, Downside Deviation of 0.7654 and Market Risk Adjusted Performance of 0.11 to validate if risk estimate we provide are consistent with the epected return of 0.0851%. The fund retains Market Volatility (i.e. Beta) of 0.5699 which attests that as returns on market increase, Income Fund returns are expected to increase less than the market. However during bear market, the loss on holding Income Fund will be expected to be smaller as well. Although it is extremely important to respect Income Fund current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining 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 evaluating Income Fund technical indicators you can presently evaluate if the expected return of 0.0851% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.73 
correlation synergy

Good predictability

The Income Fund Of America Cla has good predictability. Overlapping area represents the amount of predictability between Income Fund time series from August 14, 2019 to September 28, 2019 and September 28, 2019 to November 12, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Income Fund price movement. The serial correlation of 0.73 indicates that around 73.0% of current Income Fund price fluctuation can be explain by its past prices.
Correlation Coefficient0.73
Spearman Rank Test0.71
Residual Average0.0
Price Variance0.1

Income Fund lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Income Fund regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Income Fund Lagged Returns

 Regressed Prices 
      Timeline 

Did you try this?

Run Chance of Distress Now

   

Chance of Distress

Get analysis of equity chance of financial distress in the next 2 years
All  Next Launch Module

Income Fund Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Income Fund and Income Fund. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Income Fund Hype Analysis, Income Fund Correlation, Portfolio Optimization, Income Fund Volatility as well as analyze Income Fund Alpha and Beta and Income Fund Performance. Please also try Market Hitters module to find equities that experience drastic asymmetry in trading patters, price, volume, or investment outlook..
Search macroaxis.com