General American Investors Fund Market Value

XGAMX Fund  USD 56.91  0.62  1.10%   
General American's market value is the price at which a share of General American trades on a public exchange. It measures the collective expectations of General American Investors investors about its performance. General American is trading at 56.91 as of the 28th of March 2024; that is 1.10% increase since the beginning of the trading day. The fund's open price was 56.29.
With this module, you can estimate the performance of a buy and hold strategy of General American Investors and determine expected loss or profit from investing in General American over a given investment horizon. Check out General American Correlation, General American Volatility and General American Alpha and Beta module to complement your research on General American.
Symbol

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

General American '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 General American'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 General American.
0.00
02/02/2023
No Change 0.00  0.0 
In 1 year 1 month and 25 days
03/28/2024
0.00
If you would invest  0.00  in General American on February 2, 2023 and sell it all today you would earn a total of 0.00 from holding General American Investors or generate 0.0% return on investment in General American over 420 days. General American is related to or competes with State Farm, Schwab Sp, Vanguard Total, Vanguard Mid-cap, American Balanced, Goldman Sachs, and Vanguard Dividend. General American is entity of United States More

General American 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 General American'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 General American Investors upside and downside potential and time the market with a certain degree of confidence.

General American Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for General American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as General American's standard deviation. In reality, there are many statistical measures that can use General American historical prices to predict the future General American's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of General American'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
56.3056.9157.52
Details
Intrinsic
Valuation
LowRealHigh
56.7057.3157.92
Details
Naive
Forecast
LowNextHigh
56.6357.2457.85
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
56.1256.7057.29
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as General American. Your research has to be compared to or analyzed against General American's peers to derive any actionable benefits. When done correctly, General American'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 General American Inv.

General American Inv Backtested Returns

We consider General American very steady. General American Inv holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for General American Inv, which you can use to evaluate the volatility of the entity. Please check out General American's Risk Adjusted Performance of 0.134, downside deviation of 0.5912, and Market Risk Adjusted Performance of 0.1661 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The fund retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. General American returns are very sensitive to returns on the market. As the market goes up or down, General American is expected to follow.

Auto-correlation

    
  0.84  

Very good predictability

General American Investors has very good predictability. Overlapping area represents the amount of predictability between General American time series from 2nd of February 2023 to 31st of August 2023 and 31st of August 2023 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 General American Inv price movement. The serial correlation of 0.84 indicates that around 84.0% of current General American price fluctuation can be explain by its past prices.
Correlation Coefficient0.84
Spearman Rank Test0.79
Residual Average0.0
Price Variance4.55

General American Inv lagged returns against current returns

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

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

General American Lagged Returns

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

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out General American Correlation, General American Volatility and General American Alpha and Beta module to complement your research on General American.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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