Amana Growth Fund Market Value
AMIGX Fund | USD 78.74 0.39 0.50% |
Symbol | Amana |
Amana 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 Amana 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 Amana Growth.
03/29/2022 |
| 03/18/2024 |
If you would invest 0.00 in Amana Growth on March 29, 2022 and sell it all today you would earn a total of 0.00 from holding Amana Growth Fund or generate 0.0% return on investment in Amana Growth over 720 days. Amana Growth is related to or competes with Amana Developing, Amana Developing, Amana Income, Amana Participation, Amana Income, Amana Participation, and American Funds. The fund normally invests at least 80 percent of total net assets in common stocks More
Amana 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 Amana 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 Amana Growth Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.8149 | |||
Information Ratio | 0.0405 | |||
Maximum Drawdown | 4.16 | |||
Value At Risk | (1.32) | |||
Potential Upside | 1.71 |
Amana Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amana Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amana Growth's standard deviation. In reality, there are many statistical measures that can use Amana Growth historical prices to predict the future Amana Growth's volatility.Risk Adjusted Performance | 0.1285 | |||
Jensen Alpha | 0.0433 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | 0.0447 | |||
Treynor Ratio | 0.1777 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Amana 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. Please use the tools below to analyze the current value of Amana Growth in the context of predictive analytics.
Amana Growth Fund Backtested Returns
We consider Amana Growth very steady. Amana Growth Fund secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had 0.17% return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the 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-seven technical indicators for Amana Growth Fund, which you can use to evaluate the future volatility of the entity. Please confirm Amana Growth's mean deviation of 0.6867, and Risk Adjusted Performance of 0.1285 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The fund shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Amana Growth returns are very sensitive to returns on the market. As the market goes up or down, Amana Growth is expected to follow. By analyzing Amana Growth Fund technical indicators, you can presently evaluate if the expected return of 0.16% will be sustainable into the future.
Auto-correlation | 0.24 |
Weak predictability
Amana Growth Fund has weak predictability. Overlapping area represents the amount of predictability between Amana Growth time series from 29th of March 2022 to 24th of March 2023 and 24th of March 2023 to 18th of March 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 Amana Growth Fund price movement. The serial correlation of 0.24 indicates that over 24.0% of current Amana Growth price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.24 | |
Spearman Rank Test | 0.02 | |
Residual Average | 0.0 | |
Price Variance | 28.54 |
Amana Growth Fund lagged returns against current returns
Autocorrelation, which is Amana 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 Amana Growth's mutual fund expected returns. We can calculate the autocorrelation of Amana Growth returns to help us make a trade decision. For example, suppose you find that Amana Growth mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Amana 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 Amana Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amana 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 Amana Growth mutual fund over time.
Current vs Lagged Prices |
Timeline |
Amana Growth Lagged Returns
When evaluating Amana Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amana Growth mutual fund have on its future price. Amana 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, Amana Growth autocorrelation shows the relationship between Amana Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Amana Growth Fund.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Amana Growth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Amana Growth's short interest history, or implied volatility extrapolated from Amana Growth options trading.
Pair Trading with Amana 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 Amana 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 Amana Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Amana Mutual Fund
0.88 | AMDWX | Amana Developing World | PairCorr |
0.88 | AMIDX | Amana Developing World | PairCorr |
0.97 | AMINX | Amana Income Fund | PairCorr |
The ability to find closely correlated positions to Amana 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 Amana 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 Amana 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 Amana Growth Fund to buy it.
The correlation of Amana Growth is a statistical measure of how it moves in relation to other equities. 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 Amana Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amana Growth Fund 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 Amana 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 Amana Growth Correlation, Amana Growth Volatility and Amana Growth Alpha and Beta module to complement your research on Amana Growth. Note that the Amana Growth Fund information on this page should be used as a complementary analysis to other Amana 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Amana Mutual Fund analysis
When running Amana Growth's price analysis, check to measure Amana Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Amana Growth is operating at the current time. Most of Amana Growth's value examination focuses on studying past and present price action to predict the probability of Amana Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amana Growth's price. Additionally, you may evaluate how the addition of Amana Growth to your portfolios can decrease your overall portfolio volatility.
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Amana 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.