Amcap Fund Class Fund Market Value

RAFBX Fund  USD 35.56  0.18  0.51%   
Amcap Fund's market value is the price at which a share of Amcap Fund trades on a public exchange. It measures the collective expectations of Amcap Fund Class investors about its performance. Amcap Fund is trading at 35.56 as of the 28th of March 2024; that is 0.51 percent up since the beginning of the trading day. The fund's open price was 35.38.
With this module, you can estimate the performance of a buy and hold strategy of Amcap Fund Class and determine expected loss or profit from investing in Amcap Fund over a given investment horizon. Check out Amcap Fund Correlation, Amcap Fund Volatility and Amcap Fund Alpha and Beta module to complement your research on Amcap Fund.
Symbol

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

Amcap Fund '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 Amcap Fund's 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 Amcap Fund.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Amcap Fund on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Amcap Fund Class or generate 0.0% return on investment in Amcap Fund over 30 days. Amcap Fund is related to or competes with Income Fund, American Funds, American Mutual, American Mutual, American Funds, American Funds, and American Funds. The fund invests primarily in common stocks of U.S More

Amcap Fund 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 Amcap Fund's 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 Amcap Fund Class upside and downside potential and time the market with a certain degree of confidence.

Amcap Fund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Amcap Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amcap Fund's standard deviation. In reality, there are many statistical measures that can use Amcap Fund historical prices to predict the future Amcap Fund's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amcap Fund's 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
34.7035.5636.42
Details
Intrinsic
Valuation
LowRealHigh
32.9733.8339.12
Details
Naive
Forecast
LowNextHigh
34.7935.6536.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
35.3035.4535.61
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Amcap Fund. Your research has to be compared to or analyzed against Amcap Fund's peers to derive any actionable benefits. When done correctly, Amcap Fund's 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 Amcap Fund Class.

Amcap Fund Class Backtested Returns

We consider Amcap Fund very steady. Amcap Fund Class 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 Amcap Fund Class, which you can use to evaluate the volatility of the entity. Please confirm Amcap Fund's mean deviation of 0.6609, and Risk Adjusted Performance of 0.1191 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of -0.0484, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amcap Fund are expected to decrease at a much lower rate. During the bear market, Amcap Fund is likely to outperform the market.

Auto-correlation

    
  0.19  

Very weak predictability

Amcap Fund Class has very weak predictability. Overlapping area represents the amount of predictability between Amcap Fund time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Amcap Fund Class price movement. The serial correlation of 0.19 indicates that over 19.0% of current Amcap Fund price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.43
Residual Average0.0
Price Variance0.12

Amcap Fund Class lagged returns against current returns

Autocorrelation, which is Amcap Fund 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 Amcap Fund's mutual fund expected returns. We can calculate the autocorrelation of Amcap Fund returns to help us make a trade decision. For example, suppose you find that Amcap Fund 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  

Amcap Fund 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 Amcap Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amcap Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amcap Fund mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Amcap Fund Lagged Returns

When evaluating Amcap Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amcap Fund mutual fund have on its future price. Amcap Fund 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, Amcap Fund autocorrelation shows the relationship between Amcap Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Amcap Fund Class.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Check out Amcap Fund Correlation, Amcap Fund Volatility and Amcap Fund Alpha and Beta module to complement your research on Amcap Fund.
Note that the Amcap Fund Class information on this page should be used as a complementary analysis to other Amcap Fund'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 the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Amcap Mutual Fund analysis

When running Amcap Fund's price analysis, check to measure Amcap Fund's 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 Amcap Fund is operating at the current time. Most of Amcap Fund's value examination focuses on studying past and present price action to predict the probability of Amcap Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amcap Fund's price. Additionally, you may evaluate how the addition of Amcap Fund to your portfolios can decrease your overall portfolio volatility.
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Amcap Fund 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.
A focus of Amcap Fund technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Amcap Fund 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...