James Lovelace - American Mutual Fund Manager
AMFFX Fund | USD 53.95 0.71 1.33% |
James B. Lovelace is an equity portfolio manager at Capital Group. He has 34 years of investment experience, all with Capital. As an equity investment analyst at Capital, Jim covered beverages tobacco, restaurants lodging, household products and personal care companies. He holds a bachelors degree with honors in philosophy from Swarthmore College. He also holds the Chartered Financial Analyst designation and is a member of the Los Angeles Society of Financial Analysts. Jim is based in Los Angeles.
Phone | 800-421-4225 |
American Mutual Management Performance (%)
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American Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is American Mutual a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Price To Earning | 4.46 X | ||||
Price To Book | 3.02 X | ||||
Price To Sales | 2.06 X | ||||
Total Asset | 1.2 B | ||||
Annual Yield | 0.02 % | ||||
Year To Date Return | 5.40 % | ||||
One Year Return | 17.98 % | ||||
Three Year Return | 8.12 % | ||||
Five Year Return | 10.02 % | ||||
Ten Year Return | 10.71 % |
Pair Trading with American Mutual
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 American Mutual 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 American Mutual will appreciate offsetting losses from the drop in the long position's value.Moving together with American Mutual Fund
0.83 | REJTX | American Funds 2015 | PairCorr |
0.96 | AMFCX | American Mutual Fund | PairCorr |
0.89 | RNCCX | American Funds Income | PairCorr |
Moving against American Mutual Fund
0.56 | RGVAX | Us Government Securities | PairCorr |
0.53 | RGVEX | Us Government Securities | PairCorr |
0.49 | USGFX | Us Government Securities | PairCorr |
The ability to find closely correlated positions to American Mutual could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Mutual 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 American Mutual - 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 American Mutual Fund to buy it.
The correlation of American Mutual 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 American Mutual moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Mutual 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 American Mutual 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in American Mutual Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the American Mutual Fund information on this page should be used as a complementary analysis to other American Mutual'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.
Complementary Tools for American Mutual Fund analysis
When running American Mutual's price analysis, check to measure American Mutual's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Mutual is operating at the current time. Most of American Mutual's value examination focuses on studying past and present price action to predict the probability of American Mutual's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Mutual's price. Additionally, you may evaluate how the addition of American Mutual to your portfolios can decrease your overall portfolio volatility.
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