American Mutual Fund Market Value

RERBX -  USA Fund  

USD 68.58  0.73  1.05%

American Funds' market value is the price at which a share of American Funds stock trades on a public exchange. It measures the collective expectations of American Funds - investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of American Funds - and determine expected loss or profit from investing in American Funds over a given investment horizon. Additionally, take a look at American Funds Hype Analysis, American Funds Correlation, Portfolio Optimization, American Funds Volatility, as well as analyze American Funds Alpha and Beta and American Funds Performance.
Symbol
Backtest

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 American Funds value 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
03/31/2021
No Change 0.00  0.0 
In 5 months and 30 days
09/27/2021
0.00
If you would invest  0.00  in American Funds on March 31, 2021 and sell it all today you would earn a total of 0.00 from holding American Funds - or generate 0.0% return on investment in American Funds over 180 days. The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investment adviser belie...

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 - 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, frequently view 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. Please use the tools below to analyze the current value of American Funds in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
67.7168.5869.45
Details
Intrinsic
Valuation
LowReal ValueHigh
66.8367.7075.44
Details
Naive
Forecast
LowNext ValueHigh
66.7967.6668.54
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
67.4168.8670.31
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 towards taking a position in American Funds -.

American Funds - Backtested Returns

We consider American Funds very steady. American Funds - secures Sharpe Ratio (or Efficiency) of 0.0156, which signifies that the fund had 0.0156% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for American Funds -, which you can use to evaluate the future volatility of the entity. Please confirm American Funds - mean deviation of 0.7047, and Risk Adjusted Performance of 0.0128 to double-check if the risk estimate we provide is consistent with the expected return of 0.0136%.
The fund shows a Beta (market volatility) of -0.0151, which signifies not very significant fluctuations relative to the market. Let's try to break down what American's beta means in this case. As returns on the market increase, returns on owning American Funds are expected to decrease at a much lower rate. During the bear market, American Funds is likely to outperform the market. Although it is extremely important to respect American Funds - historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing American Funds - technical indicators, you can presently evaluate if the expected return of 0.0136% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.46   

Average predictability

American Funds - has average predictability. Overlapping area represents the amount of predictability between American Funds time series from 31st of March 2021 to 29th of June 2021 and 29th of June 2021 to 27th of September 2021. 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 0.46 indicates that about 46.0% of current American Funds price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.28
Residual Average0.0
Price Variance1.21

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 mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      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 
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      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 -.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Funds without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Price Exposure Probability

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Additionally, take a look at American Funds Hype Analysis, American Funds Correlation, Portfolio Optimization, American Funds Volatility, as well as analyze American Funds Alpha and Beta and American Funds Performance. Note that the American Funds - information on this page should be used as a complementary analysis to other American Funds' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for American Mutual Fund analysis

When running American Funds - price analysis, check to measure American Funds' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Funds is operating at the current time. Most of American Funds' value examination focuses on studying past and present price action to predict the probability of American Funds' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move American Funds' price. Additionally, you may evaluate how the addition of American Funds to your portfolios can decrease your overall portfolio volatility.
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American Funds technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of American Funds technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of American Funds trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...