American Mutual Fund Market Value
| RMDUX Fund | USD 8.79 0.01 0.11% |
| Symbol | American |
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.
| 08/31/2023 |
| 09/30/2023 |
If you would invest 0.00 in American Funds on August 31, 2023 and sell it all today you would earn a total of 0.00 from holding American Funds Multi Sector or generate 0.0% return on investment in American Funds over 30 days. American Funds is related to or competes with PIMCO INCOME, PIMCO INCOME, LORD ABBETT, and LORD ABBETT. The investment seeks to provide a high level of current income and the secondary investment objective is capital appreci... 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 Multi Sector upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0041 | |||
| Maximum Drawdown | 1.58 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.6795 |
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.| Risk Adjusted Performance | (0.031661) | |||
| Jensen Alpha | (0.01972) | |||
| Total Risk Alpha | (0.009509) | |||
| Treynor Ratio | (0.16) |
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.
American Funds Multi Backtested Returns
American Funds Multi secures Sharpe Ratio (or Efficiency) of -0.0702, which signifies that the fund had -0.0702% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. American Funds Multi Sector exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm American Funds Multi risk adjusted performance of (0.031661), and Mean Deviation of 0.253 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.1405, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American Funds returns are expected to increase less than the market. However, during the bear market, the loss on holding American Funds will be expected to be smaller as well. Even though it is essential to pay attention to American Funds Multi historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. American Funds Multi Sector exposes twenty different technical indicators, which can help you to evaluate its performance.
Auto-correlation | 0.54 |
Modest predictability
American Funds Multi Sector has modest predictability. Overlapping area represents the amount of predictability between American Funds time series from 31st of August 2023 to 15th of September 2023 and 15th of September 2023 to 30th of September 2023. 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 Multi price movement. The serial correlation of 0.54 indicates that about 54.0% of current American Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American Funds Multi 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 |
| 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 Multi Sector.
Regressed Prices |
| 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 the 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.Did you try this?
Run Price Exposure Probability Now
Price Exposure ProbabilityAnalyze equity upside and downside potential for a given time horizon across multiple markets |
| All Next | Launch Module |
Currently Active Assets on Macroaxis
Check out American Funds Correlation, American Funds Volatility and American Funds Alpha and Beta module to complement your research on American Funds. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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 the 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.
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |
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, fund market cycles, or different charting patterns.