Income Fund Backtesting

AMECX -- USA Fund  

USD 23.55  0.03  0.13%

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. Please continue to 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.

Income Fund 'What if' Analysis

November 20, 2019
No Change 0.00  0.0 
In 2 months and 31 days
February 18, 2020
If you would invest  0.00  in Income Fund on November 20, 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, John Hancock, John Hancock, American Funds, American Funds, American Funds, and MFS Growth. The investment seeks to provide investors with current income while secondarily striving for capital growth

Income Fund Upside/Downside Indicators

Downside Deviation0.9212
Information Ratio(0.12)
Maximum Drawdown3.92
Value At Risk(0.93)
Potential Upside0.6861

Income Fund Market Premium Indicators

Risk Adjusted Performance0.0162
Jensen Alpha(0.02645)
Total Risk Alpha(0.05)
Sortino Ratio(0.08)
Treynor Ratio0.0116

Income Fund Backtested Returns

We consider Income Fund very steady. Income Fund holds Efficiency (Sharpe) Ratio of 0.0301 which attests that the entity had 0.0301% 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 Downside Deviation of 0.9212, Market Risk Adjusted Performance of 0.0216 and Risk Adjusted Performance of 0.0162 to validate if risk estimate we provide are consistent with the epected return of 0.0189%. The fund retains Market Volatility (i.e. Beta) of 0.4137 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 0.0189% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.07) 
correlation synergy

Very weak reverse predictability

The Income Fund Of America Cla has very weak reverse predictability. Overlapping area represents the amount of predictability between Income Fund time series from November 20, 2019 to January 4, 2020 and January 4, 2020 to February 18, 2020. 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 -0.07 indicates that barely 7.0% of current Income Fund price fluctuation can be explain by its past prices. Given that The Income Fund Of America Cla has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Income Fund for similar time interval.
Correlation Coefficient-0.07
Spearman Rank Test-0.13
Residual Average0.0
Price Variance0.03

Income Fund lagged returns against current returns

 Current and Lagged Values 

Income Fund regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Income Fund Lagged Returns

 Regressed Prices 

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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
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Please continue to 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.