Income Growth Fund Filter Stocks by Fundamentals
| AMGIX Fund | USD 34.51 0.23 0.66% |
Income Growth Fund fundamentals help investors to digest information that contributes to Income Growth's financial success or failures. It also enables traders to predict the movement of Income Mutual Fund. The fundamental analysis module provides a way to measure Income Growth's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Income Growth mutual fund.
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Fund Asset Allocation for Income Growth
The fund consists of 96.92% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides Income Growth's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Income Fundamentals
| Price To Earning | 17.10 X | ||||
| Price To Book | 2.66 X | ||||
| Price To Sales | 1.48 X | ||||
| Total Asset | 309.93 M | ||||
| Annual Yield | 0.02 % | ||||
| Year To Date Return | 6.27 % | ||||
| One Year Return | 17.31 % | ||||
| Three Year Return | 3.20 % | ||||
| Five Year Return | 8.84 % | ||||
| Ten Year Return | 11.22 % | ||||
| Net Asset | 2.16 B | ||||
| Minimum Initial Investment | 5 M | ||||
| Last Dividend Paid | 0.12 | ||||
| Cash Position Weight | 3.08 % | ||||
| Equity Positions Weight | 96.92 % |
About Income Growth Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Income Growth Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Income Growth using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Income Growth Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Income Growth
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 Income Growth 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 Income Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Income Mutual Fund
| 0.92 | AMDVX | Mid Cap Value | PairCorr |
| 0.97 | AMEIX | Equity Growth | PairCorr |
| 0.93 | AMKIX | Emerging Markets | PairCorr |
The ability to find closely correlated positions to Income Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Income Growth 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 Income Growth - 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 Income Growth Fund to buy it.
The correlation of Income Growth 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 Income Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Income Growth 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 Income Growth 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 Income Growth 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 gross domestic product. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.