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American Funds Probability of Target Price Finishing Over Current Price

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CPGAX -- USA Fund  

USD 18.13  0.01  0.06%

American Funds probability of target price tool provides mechanism to make assumptions about upside and downside potential of American Funds Global Growth Po 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. Continue to American Funds Backtesting, Portfolio Optimization, American Funds Correlation, American Funds Hype Analysis, American Funds Volatility, American Funds History as well as American Funds Performance.
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American Funds Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 18.13 30 days 18.13 
about 8.91
Based on normal probability distribution, the odds of American Funds to move above current price in 30 days from now is about 8.91 (This American Funds Global Growth Po probability density function shows the probability of American Funds Mutual Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, American Funds has beta of 0.0519 . This suggests as returns on market go up, American Funds average returns are expected to increase less than the benchmark. However during bear market, the loss on holding American Funds Global Growth Po will be expected to be much smaller as well. Additionally The company has an alpha of 0.0467 implying that it can potentially generate 0.0467% excess return over DOW after adjusting for the inherited market risk (beta).
 American Funds Price Density 
    
  Price 
α
Alpha over DOW
=0.046687
β
Beta against DOW=0.05
σ
Overall volatility
=0.26
Ir
Information ratio =0.03

American Funds Alerts and Suggestions

On December 27, 2019 American Funds paid $ 0.856 per share dividend to its current shareholders
American Funds Global generated five year return of -1.0%
This fund holds about 6.38% of its assets under management (AUM) in cash

American FundsPrice Density Drivers