Amcap Fund Class Fund Market Value
RAEBX Fund | USD 39.35 0.71 1.84% |
Symbol | Amcap |
Amcap 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 Amcap 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 Amcap Fund.
05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Amcap Fund on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Amcap Fund Class or generate 0.0% return on investment in Amcap Fund over 720 days. Amcap 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 of U.S More
Amcap 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 Amcap 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 Amcap Fund Class upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.8876 | |||
Information Ratio | (0.03) | |||
Maximum Drawdown | 4.14 | |||
Value At Risk | (1.50) | |||
Potential Upside | 1.43 |
Amcap Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amcap Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amcap Fund's standard deviation. In reality, there are many statistical measures that can use Amcap Fund historical prices to predict the future Amcap Fund's volatility.Risk Adjusted Performance | 0.0486 | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0.03) | |||
Treynor Ratio | 0.048 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amcap 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.
Amcap Fund Class Backtested Returns
We consider Amcap Fund very steady. Amcap Fund Class secures Sharpe Ratio (or Efficiency) of 0.0478, which signifies that the fund had a 0.0478% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Amcap Fund Class, which you can use to evaluate the volatility of the entity. Please confirm Amcap Fund's risk adjusted performance of 0.0486, and Mean Deviation of 0.7058 to double-check if the risk estimate we provide is consistent with the expected return of 0.0431%. The fund shows a Beta (market volatility) of 1.17, which signifies 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, Amcap Fund will likely underperform.
Auto-correlation | 0.50 |
Modest predictability
Amcap Fund Class has modest predictability. Overlapping area represents the amount of predictability between Amcap Fund time series from 4th of May 2022 to 29th of April 2023 and 29th of April 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 Amcap Fund Class price movement. The serial correlation of 0.5 indicates that about 50.0% of current Amcap Fund price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.5 | |
Spearman Rank Test | 0.25 | |
Residual Average | 0.0 | |
Price Variance | 8.88 |
Amcap Fund Class lagged returns against current returns
Autocorrelation, which is Amcap 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 Amcap Fund's mutual fund expected returns. We can calculate the autocorrelation of Amcap Fund returns to help us make a trade decision. For example, suppose you find that Amcap 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 |
Amcap 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 Amcap Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amcap 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 Amcap Fund mutual fund over time.
Current vs Lagged Prices |
Timeline |
Amcap Fund Lagged Returns
When evaluating Amcap Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amcap Fund mutual fund have on its future price. Amcap 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, Amcap Fund autocorrelation shows the relationship between Amcap Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Amcap Fund Class.
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 Amcap 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, Amcap Fund's short interest history, or implied volatility extrapolated from Amcap Fund options trading.
Currently Active Assets on Macroaxis
Check out Amcap Fund Correlation, Amcap Fund Volatility and Amcap Fund Alpha and Beta module to complement your research on Amcap Fund. Note that the Amcap Fund Class information on this page should be used as a complementary analysis to other Amcap 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Amcap 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.