American Mutual Fund Manager Performance Evaluation

ACYHX -  USA Fund  

USD 11.23  0.02  0.18%

The fund shows a Beta (market volatility) of 0.0128, 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, American Century returns are expected to increase less than the market. However, during the bear market, the loss on holding American Century will be expected to be smaller as well. Although it is extremely important to respect American Century Cal 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 Century Cal technical indicators, you can presently evaluate if the expected return of 0.0154% will be sustainable into the future.

American Mutual Fund Performance 

 
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American Performance
2 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in American Century California are ranked lower than 2 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong technical indicators, American Century is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low11.00
Fifty Two Week High11.37
Annual Report Expense Ratio0.27%

American Century Relative Risk vs. Return Landscape

If you would invest  1,045  in American Century California on September 5, 2021 and sell it today you would earn a total of  78.00  from holding American Century California or generate 7.46% return on investment over 90 days. American Century California is currently producing 0.0154% returns and takes up 0.4264% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than American, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon American Century is expected to generate 3.62 times less return on investment than the market. But when comparing it to its historical volatility, the company is 4.07 times less risky than the market. It trades about 0.04 of its potential returns per unit of risk. The DOW is currently generating roughly 0.03 of returns per unit of risk over similar time horizon.

American Century Current Valuation

Overvalued
Today
11.23
4th of December 2021
Share
Please note that American Century's price fluctuation is very steady at this time.
American Century Cal shows a prevailing Real Value of $11.0 per share. The current price of the fund is $11.23. At this time, the entity appears to be overvalued. We determine the value of American Century Cal from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued instruments and dropping overvalued instruments since, at some point, stock prices and their ongoing real values will blend.
Our valuation method for American Century California is useful when determining the fair value of the American mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of American Century. Since American Century is currently traded on the exchange, buyers and sellers on that exchange determine the market value of American Mutual Fund. However, American Century's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
11.00
Real Value
11.43
Upside
Estimating the potential upside or downside of American Century California helps investors to forecast how American mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of American Century more accurately as focusing exclusively on American Century's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.1011.1811.26
Details
Hype
Prediction
LowEstimated ValueHigh
10.8011.2311.66
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.190.190.19
Details

American Century Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for American Century's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as American Century California, and traders can use it to determine the average amount a American Century's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0362

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Estimated Market Risk
 0.43
  actual daily
 
 3 %
of total potential
 
33
Expected Return
 0.02
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 0.04
  actual daily
 
 2 %
of total potential
 
22
Based on monthly moving average American Century is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of American Century by adding it to a well-diversified portfolio.

About American Century Performance

To evaluate American Century Cal Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when American Century generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare American Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand American Century Cal stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents American's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks high current income that is exempt from federal and California income taxes. American Century is traded on NASDAQ Exchange in the United States.

Things to note about American Century Cal

Checking the ongoing alerts about American Century for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for American Century Cal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

American Century Alerts

Equity Alerts and Improvement Suggestions

American Century Cal is unlikely to experience financial distress in the next 2 years
The fund holds about 99.98% of its assets under management (AUM) in fixed income securities
Please continue to Trending Equities. Note that the American Century Cal information on this page should be used as a complementary analysis to other American Century's 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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Please note, there is a significant difference between American Century's value and its price as these two are different measures arrived at by different means. Investors typically determine American Century value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Century's 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.