Growth Fund Backtesting

RGAEX -- USA Fund  

USD 52.12  0.02  0.0384%

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. Additionally take a look at 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

September 10, 2019
No Change 0.00  0.0 
In 3 months and 1 day
December 9, 2019
If you would invest  0.00  in Growth Fund on September 10, 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 Janus Henderson, Principal Funds, PRIMECAP Odyssey, Janus Henderson, J P, Principal Fds, and American Century. 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 Deviation1.18
Information Ratio0.0065
Maximum Drawdown6.6
Value At Risk(2.05)
Potential Upside1.68

Growth Fund Market Premium Indicators

Risk Adjusted Performance0.0479
Jensen Alpha(0.011802)
Total Risk Alpha(0.046735)
Sortino Ratio0.0062
Treynor Ratio0.054

Growth Fund Backtested Returns

We consider Growth Fund very steady. Growth Fund holds Efficiency (Sharpe) Ratio of 0.0815 which attests that the entity had 0.0815% 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 Risk Adjusted Performance of 0.0479, Market Risk Adjusted Performance of 0.064 and Downside Deviation of 1.18 to validate if risk estimate we provide are consistent with the epected return of 0.0927%. The fund retains Market Volatility (i.e. Beta) of 1.303 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Growth Fund will likely underperform. 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 0.0927% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.46) 
correlation synergy

Modest reverse predictability

The Growth Fund Of America Clas has modest reverse predictability. Overlapping area represents the amount of predictability between Growth Fund time series from September 10, 2019 to October 25, 2019 and October 25, 2019 to December 9, 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 -0.46 indicates that about 46.0% of current Growth Fund price fluctuation can be explain by its past prices. Given that The Growth Fund Of America Clas has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Growth Fund for similar time interval.
Correlation Coefficient-0.46
Spearman Rank Test-0.21
Residual Average0.0
Price Variance0.64

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 

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Additionally take a look at 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.