American Funds Backtesting

ANFFX -- USA Fund  

USD 48.06  0.44  0.92%

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

American Funds 'What if' Analysis

September 17, 2019
No Change 0.00  0.0 
In 2 months and 31 days
December 16, 2019
If you would invest  0.00  in American Funds on September 17, 2019 and sell it all today you would earn a total of 0.00 from holding American Funds New Economy Fund or generate 0.0% return on investment in American Funds over 90 days. The investment seeks long term growth of capital current income is a secondary consideration

American Funds Upside/Downside Indicators

Downside Deviation1.17
Information Ratio0.0206
Maximum Drawdown4.98
Value At Risk(2.09)
Potential Upside1.38

American Funds Market Premium Indicators

Risk Adjusted Performance0.0497
Jensen Alpha0.0181
Total Risk Alpha(0.006899)
Sortino Ratio0.0171
Treynor Ratio0.0614

American Funds New Backtested Returns

We consider American Funds very steady. American Funds New secures Sharpe Ratio (or Efficiency) of 0.077 which signifies that the fund had 0.077% 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-one technical indicators for American Funds New Economy Fund which you can use to evaluate future volatility of the entity. Please confirm American Funds New Risk Adjusted Performance of 0.0497 and Mean Deviation of 0.7122 to double-check if risk estimate we provide are consistent with the epected return of 0.076%. The organization shows Beta (market volatility) of 1.0434 which signifies that American Funds returns are very sensitive to returns on the market. as market goes up or down, American Funds is expected to follow. Although it is extremely important to respect American Funds New historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing 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 analyzing American Funds New technical indicators you can presently evaluate if the expected return of 0.076% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.16) 
correlation synergy

Insignificant reverse predictability

American Funds New Economy Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between American Funds time series from September 17, 2019 to November 1, 2019 and November 1, 2019 to December 16, 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 American Funds New price movement. The serial correlation of -0.16 indicates that over 16.0% of current American Funds price fluctuation can be explain by its past prices. Given that American Funds New Economy Fund has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of American Funds for similar time interval.
Correlation Coefficient-0.16
Spearman Rank Test-0.18
Residual Average0.0
Price Variance0.33

American Funds New lagged returns against current returns

 Current and Lagged Values 

American Funds regressed lagged prices vs. current prices

 Current vs Lagged Prices 

American Funds Lagged Returns

 Regressed Prices 

Current Sentiment - ANFFX

American Funds New Investor Sentiment

Most of Macroaxis users are presently bullish on American Funds New Economy Fund. What is your sentiment towards investing in American Funds New Economy Fund? Are you bullish or bearish?
98% Bullish
2% Bearish

American Funds Pair Correlation

Equities Pair Trading Analysis

Check also American Funds Hype Analysis, American Funds Correlation, Portfolio Optimization, American Funds Volatility as well as analyze American Funds Alpha and Beta and American Funds Performance. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.