Growth Fund Backtesting

CGFEX -- USA Fund  

USD 50.61  0.30  0.60%

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

Growth Fund 'What if' Analysis

August 14, 2019
No Change 0.00  0.0 
In 3 months and 1 day
November 12, 2019
If you would invest  0.00  in Growth Fund on August 14, 2019 and sell it all today you would earn a total of 0.00 from holding The Growth Fund Of America Clas or generate 0.0% return on investment in Growth Fund over 90 days. Growth Fund is related to or competes with Growth Fund, Fidelity Contra, Vanguard Growth, AMCAP Fund, AMCAP Fund, and AMCAP Fund. The fund invests primarily in common stocks and seeks to invest in companies that appear to offer superior opportunities...

Growth Fund Upside/Downside Indicators

Downside Deviation1.16
Information Ratio(0.013098)
Maximum Drawdown4.68
Value At Risk(2.30)
Potential Upside1.41

Growth Fund Market Premium Indicators

Risk Adjusted Performance0.0747
Jensen Alpha(0.016128)
Total Risk Alpha(0.038262)
Sortino Ratio(0.012039)
Treynor Ratio0.0794

Growth Fund Backtested Returns

We consider Growth Fund very steady. Growth Fund holds Efficiency (Sharpe) Ratio of 0.1197 which attests that the entity had 0.1197% 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 Growth Fund which you can use to evaluate future volatility of the entity. Please check out Growth Fund Market Risk Adjusted Performance of 0.0894, Risk Adjusted Performance of 0.0747 and Downside Deviation of 1.16 to validate if risk estimate we provide are consistent with the epected return of 0.1185%. The fund retains Market Volatility (i.e. Beta) of 1.0232 which attests that Growth Fund returns are very sensitive to returns on the market. as market goes up or down, Growth Fund is expected to follow. Although it is extremely important to respect Growth 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 Growth Fund technical indicators you can presently evaluate if the expected return of 0.1185% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.48 
correlation synergy

Average predictability

The Growth Fund Of America Clas has average predictability. Overlapping area represents the amount of predictability between Growth 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 Growth Fund price movement. The serial correlation of 0.48 indicates that about 48.0% of current Growth Fund price fluctuation can be explain by its past prices.
Correlation Coefficient0.48
Spearman Rank Test0.42
Residual Average0.0
Price Variance1.34

Growth Fund lagged returns against current returns

 Current and Lagged Values 

Growth Fund regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Growth Fund Lagged Returns

 Regressed Prices 

Current Sentiment - CGFEX

Growth Fund Investor Sentiment

Most of Macroaxis users are currently bullish on The Growth Fund Of America Clas. What is your judgment towards investing in The Growth Fund Of America Clas? Are you bullish or bearish?
98% Bullish
2% Bearish

Growth Fund Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Growth Fund and Growth 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 Growth Fund Hype Analysis, Growth Fund Correlation, Portfolio Optimization, Growth Fund Volatility as well as analyze Growth Fund Alpha and Beta and Growth Fund Performance. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.