Amcap Fund Class Fund Market Value
RAFBX Fund | USD 35.56 0.18 0.51% |
Symbol | Amcap |
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.
02/27/2024 |
| 03/28/2024 |
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.
Downside Deviation | 0.7905 | |||
Information Ratio | 0.0492 | |||
Maximum Drawdown | 3.83 | |||
Value At Risk | (1.43) | |||
Potential Upside | 1.46 |
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.Risk Adjusted Performance | 0.1191 | |||
Jensen Alpha | 0.1718 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | 0.0526 | |||
Treynor Ratio | (3.43) |
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.
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 Coefficient | 0.19 | |
Spearman Rank Test | 0.43 | |
Residual Average | 0.0 | |
Price Variance | 0.12 |
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.
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |
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.