American Funds Probability of Target Price Finishing Over Current Price

ANFFX -- USA Fund  

USD 44.51  0.96  2.11%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 44.51 30 days 44.51 
about 75.71
Based on normal probability distribution, the odds of American Funds to move above current price in 30 days from now is about 75.71 (This American Funds New Economy Fund probability density function shows the probability of American Funds Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, American Funds has beta of 0.9767 . This suggests American Funds New Economy Fund market returns are sensitive to returns on the market. As the market goes up or down, American Funds is expected to follow. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. American Funds New is significantly underperforming DOW.
 American Funds Price Density 
      Price 
α
Alpha over DOW
=0.04
β
Beta against DOW=0.98
σ
Overall volatility
=0.86
Ir
Information ratio =0.03

American Funds Alerts and Suggestions

American Funds New generates negative expected return over the last 30 days
Latest headline from MacroaxisInsider: Sale by James Klein of 1914 shares of Qorvo
The fund holds about 10.25% of its assets under management (AUM) in cash

American FundsPrice Density Drivers

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