Capital Group Equity Fund Market Value
| CUSEX Fund | USD 32.56 0.24 0.74% |
| Symbol | Capital |
Capital Group '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 Capital Group'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 Capital Group.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Capital Group on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Capital Group Equity or generate 0.0% return on investment in Capital Group over 270 days. Capital Group is related to or competes with Emerging Markets, Emerging Markets, Capital Group, and Capital Group. The fund invests primarily in common stocks of U.S More
Capital Group 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 Capital Group'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 Capital Group Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6853 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.01 |
Capital Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital Group's standard deviation. In reality, there are many statistical measures that can use Capital Group historical prices to predict the future Capital Group's volatility.| Risk Adjusted Performance | 0.077 | |||
| Jensen Alpha | 0.0021 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0776 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capital Group'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.
Capital Group Equity Backtested Returns
We consider Capital Group very steady. Capital Group Equity secures Sharpe Ratio (or Efficiency) of 0.0936, which signifies that the fund had a 0.0936% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Capital Group Equity, which you can use to evaluate the volatility of the entity. Please confirm Capital Group's Mean Deviation of 0.5123, downside deviation of 0.6853, and Risk Adjusted Performance of 0.077 to double-check if the risk estimate we provide is consistent with the expected return of 0.0628%. The fund shows a Beta (market volatility) of 0.94, which signifies possible diversification benefits within a given portfolio. Capital Group returns are very sensitive to returns on the market. As the market goes up or down, Capital Group is expected to follow.
Auto-correlation | -0.06 |
Very weak reverse predictability
Capital Group Equity has very weak reverse predictability. Overlapping area represents the amount of predictability between Capital Group time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 Capital Group Equity price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Capital Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.26 |
Capital Group Equity lagged returns against current returns
Autocorrelation, which is Capital Group 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 Capital Group's mutual fund expected returns. We can calculate the autocorrelation of Capital Group returns to help us make a trade decision. For example, suppose you find that Capital Group 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 |
Capital Group 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 Capital Group mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital Group mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital Group mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Capital Group Lagged Returns
When evaluating Capital Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital Group mutual fund have on its future price. Capital Group 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, Capital Group autocorrelation shows the relationship between Capital Group mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Capital Group Equity.
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 Capital Group 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, Capital Group's short interest history, or implied volatility extrapolated from Capital Group options trading.
Pair Trading with Capital Group
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 Capital Group 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 Capital Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Capital Mutual Fund
| 0.92 | EMGEX | Emerging Markets Growth | PairCorr |
| 0.92 | EMRGX | Emerging Markets Growth | PairCorr |
| 0.86 | REFGX | Emerging Markets Growth | PairCorr |
The ability to find closely correlated positions to Capital Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital Group 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 Capital Group - 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 Capital Group Equity to buy it.
The correlation of Capital Group 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 Capital Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital Group Equity 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 Capital Group 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 Capital Group Correlation, Capital Group Volatility and Capital Group Alpha and Beta module to complement your research on Capital Group. Note that the Capital Group Equity information on this page should be used as a complementary analysis to other Capital Group'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Capital Group 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.