American Funds The Fund Market Value

FFAFX Fund  USD 75.20  0.68  0.90%   
American Funds' market value is the price at which a share of American Funds trades on a public exchange. It measures the collective expectations of American Funds The investors about its performance. American Funds is trading at 75.20 as of the 13th of July 2024; that is 0.9% down since the beginning of the trading day. The fund's open price was 75.88.
With this module, you can estimate the performance of a buy and hold strategy of American Funds The and determine expected loss or profit from investing in American Funds over a given investment horizon. Check out American Funds Correlation, American Funds Volatility and American Funds Alpha and Beta module to complement your research on American Funds.
Symbol

Please note, there is a significant difference between American Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if American Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Funds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

American Funds 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to American Funds' mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of American Funds.
0.00
06/13/2024
No Change 0.00  0.0 
In 31 days
07/13/2024
0.00
If you would invest  0.00  in American Funds on June 13, 2024 and sell it all today you would earn a total of 0.00 from holding American Funds The or generate 0.0% return on investment in American Funds over 30 days. American Funds is related to or competes with T Rowe, T Rowe, T Rowe, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. The fund invests primarily in common stocks and seeks to invest in companies that appear to offer superior opportunities... More

American Funds Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure American Funds' mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess American Funds The upside and downside potential and time the market with a certain degree of confidence.

American Funds Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for American Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Funds' standard deviation. In reality, there are many statistical measures that can use American Funds historical prices to predict the future American Funds' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Funds' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
74.6275.3576.08
Details
Intrinsic
Valuation
LowRealHigh
67.6881.9782.70
Details
Naive
Forecast
LowNextHigh
74.2174.9575.68
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
66.3674.5282.68
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as American Funds. Your research has to be compared to or analyzed against American Funds' peers to derive any actionable benefits. When done correctly, American Funds' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in American Funds.

American Funds Backtested Returns

At this stage we consider American Mutual Fund to be very steady. American Funds secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the fund had a 0.2% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for American Funds The, which you can use to evaluate the volatility of the entity. Please confirm American Funds' risk adjusted performance of 0.0731, and Mean Deviation of 0.5862 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, American Funds' returns are expected to increase less than the market. However, during the bear market, the loss of holding American Funds is expected to be smaller as well.

Auto-correlation

    
  0.61  

Good predictability

American Funds The has good predictability. Overlapping area represents the amount of predictability between American Funds time series from 13th of June 2024 to 28th of June 2024 and 28th of June 2024 to 13th of July 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of American Funds price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current American Funds price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.38
Residual Average0.0
Price Variance0.49

American Funds lagged returns against current returns

Autocorrelation, which is American Funds mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting American Funds' mutual fund expected returns. We can calculate the autocorrelation of American Funds returns to help us make a trade decision. For example, suppose you find that American Funds has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

American Funds regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If American Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Funds mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Funds mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

American Funds Lagged Returns

When evaluating American Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Funds mutual fund have on its future price. American Funds autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, American Funds autocorrelation shows the relationship between American Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in American Funds The.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in American Mutual Fund

American Funds financial ratios help investors to determine whether American Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in American with respect to the benefits of owning American Funds security.
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