Income Fund Probability of Target Price Finishing Over Current Price

AMECX -- USA Fund  

USD 23.35  0.10  0.43%

Income Fund probability of target price tool provides mechanism to make assumptions about upside and downside potential of The Income Fund Of America Cla performance during a given time horizon utilizing its historical volatility. Please specify Income Fund time horizon, a valid symbol (red box) and a target price (blue box) you would like Income Fund odds to be computed. Check also Income Fund Backtesting, Portfolio Optimization, Income Fund Correlation, Income Fund Hype Analysis, Income Fund Volatility, Income Fund History as well as Income Fund Performance.
Horizon     30 Days    Login   to change
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Income Fund Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 23.35 30 days 23.35 
roughly 2.92
Based on normal probability distribution, the odds of Income Fund to move above current price in 30 days from now is roughly 2.92 (This The Income Fund Of America Cla probability density function shows the probability of Income Fund Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Income Fund has beta of 0.583 . This suggests as returns on market go up, Income Fund average returns are expected to increase less than the benchmark. However during bear market, the loss on holding The Income Fund Of America Cla will be expected to be much smaller as well. Additionally The company has an alpha of 4.0E-4 implying that it can potentially generate 4.0E-4% excess return over DOW after adjusting for the inherited market risk (beta).
 Income Fund Price Density 
      Price 
α
Alpha over DOW
=0.00040325
β
Beta against DOW=0.58
σ
Overall volatility
=0.32
Ir
Information ratio =0.1

Income Fund Alerts and Suggestions

The fund holds about 8.07% of its assets under management (AUM) in cash

Income FundPrice Density Drivers

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