Growth Fund Of Fund Market Value
| CGFFX Fund | USD 66.79 0.28 0.42% |
| Symbol | Growth |
Growth Fund '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 Growth Fund'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 Growth Fund.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Growth Fund on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Growth Fund Of or generate 0.0% return on investment in Growth Fund over 30 days. Growth Fund is related to or competes with Income Fund, New World, American Mutual, American Mutual, American Funds, American Funds, and Income Fund. The fund invests primarily in common stocks and seeks to invest in companies that appear to offer superior opportunities... More
Growth Fund 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 Growth Fund'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 Growth Fund Of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8587 | |||
| Information Ratio | 0.0646 | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.52 |
Growth Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Growth Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Growth Fund's standard deviation. In reality, there are many statistical measures that can use Growth Fund historical prices to predict the future Growth Fund's volatility.| Risk Adjusted Performance | 0.0893 | |||
| Jensen Alpha | 0.0484 | |||
| Total Risk Alpha | 0.0308 | |||
| Sortino Ratio | 0.0692 | |||
| Treynor Ratio | 0.0994 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Growth Fund'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.
Growth Fund Backtested Returns
We consider Growth Fund very steady. Growth Fund holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Growth Fund, which you can use to evaluate the volatility of the entity. Please check out Growth Fund's Risk Adjusted Performance of 0.0893, downside deviation of 0.8587, and Market Risk Adjusted Performance of 0.1094 to validate if the risk estimate we provide is consistent with the expected return of 0.0977%. The fund retains a Market Volatility (i.e., Beta) of 1.19, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Growth Fund will likely underperform.
Auto-correlation | 0.72 |
Good predictability
Growth Fund Of has good predictability. Overlapping area represents the amount of predictability between Growth Fund time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Growth Fund price movement. The serial correlation of 0.72 indicates that around 72.0% of current Growth Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Growth Fund lagged returns against current returns
Autocorrelation, which is Growth Fund 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 Growth Fund's mutual fund expected returns. We can calculate the autocorrelation of Growth Fund returns to help us make a trade decision. For example, suppose you find that Growth Fund has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Growth Fund 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 Growth Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Growth Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Growth Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Growth Fund Lagged Returns
When evaluating Growth Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Growth Fund mutual fund have on its future price. Growth Fund 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, Growth Fund autocorrelation shows the relationship between Growth Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Growth Fund Of.
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 Growth Fund 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, Growth Fund's short interest history, or implied volatility extrapolated from Growth Fund options trading.
Pair Trading with Growth Fund
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 Growth Fund 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 Growth Fund will appreciate offsetting losses from the drop in the long position's value.Moving together with Growth Mutual Fund
| 0.97 | RNEBX | New World Fund | PairCorr |
| 0.93 | AMFCX | American Mutual | PairCorr |
| 0.94 | AMFFX | American Mutual | PairCorr |
| 0.88 | RNCCX | American Funds Me | PairCorr |
The ability to find closely correlated positions to Growth Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Growth Fund 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 Growth Fund - 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 Growth Fund Of to buy it.
The correlation of Growth Fund is a statistical measure of how it moves in relation to other instruments. 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 Growth Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 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 Growth Fund 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 Growth Fund Correlation, Growth Fund Volatility and Growth Fund Alpha and Beta module to complement your research on Growth Fund. Note that the Growth Fund information on this page should be used as a complementary analysis to other Growth Fund'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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Growth Fund 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.