American Balanced Fund Price on March 25, 2024
| ABALX Fund | USD 34.04 0.11 0.32% |
Below is the normalized historical share price chart for American Balanced extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of American Balanced stands at 34.04, as last reported on the 17th of May 2024, with the highest price reaching 34.04 and the lowest price hitting 34.04 during the day.
If you're considering investing in American Mutual Fund, it is important to understand the factors that can impact its price. We consider American Balanced very steady. American Balanced secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American Balanced, which you can use to evaluate the volatility of the entity. Please confirm American Balanced's risk adjusted performance of 0.093, and Mean Deviation of 0.4272 to double-check if the risk estimate we provide is consistent with the expected return of 0.0761%.
American Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
American |
Sharpe Ratio = 0.1422
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| Cash | ABALX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average American Balanced is performing at about 11% 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 Balanced by adding it to a well-diversified portfolio.
American Balanced Valuation on March 25, 2024
It is possible to determine the worth of American Balanced on a given historical date. On March 25, 2024 American was worth 33.67 at the beginning of the trading date compared to the closed value of 33.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of American Balanced mutual fund. Still, in general, we apply an absolute valuation method to find American Balanced's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of American Balanced where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against American Balanced's related companies.
| Open | High | Low | Close | Volume | |
| 33.73 | 33.73 | 33.73 | 33.73 | 1.00 | |
03/25/2024 | 33.67 | 33.67 | 33.67 | 33.67 | 1.00 |
| 33.62 | 33.62 | 33.62 | 33.62 | 1.00 |
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American Balanced Trading Date Momentum on March 25, 2024
| On March 26 2024 American Balanced was traded for 33.62 at the closing time. The highest daily price throughout the period was 33.62 and the lowest price was 33.62 . There was no trading activity during the period 1.0. Lack of trading volume on 03/26/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.15% . The overall trading delta to current closing price is 0.65% . |
American Balanced Fundamentals Correlations and Trends
By evaluating American Balanced's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among American Balanced's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. American financial account trend analysis is a perfect complement when working with valuation or volatility modules.About American Balanced Mutual Fund history
American Balanced investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for American is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in American Balanced will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing American Balanced stock prices may prove useful in developing a viable investing in American Balanced
The fund uses a balanced approach to invest in a broad range of securities, including common stocks and investment-grade bonds. It also invests in securities issued and guaranteed by the U.S. government and by federal agencies and instrumentalities. In addition, the fund may invest a portion of its assets in common stocks, most of which have a history of paying dividends, bonds and other securities of issuers domiciled outside the United States.
American Balanced Mutual Fund Technical Analysis
American Balanced 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.
Price Boundaries
American Balanced Period Price Range
Low | March 25, 2024
| High |
33.67 | 33.67 |
American Balanced May 17, 2024 Market Strength
Market strength indicators help investors to evaluate how American Balanced mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading American Balanced shares will generate the highest return on investment. By undertsting and applying American Balanced mutual fund market strength indicators, traders can identify American Balanced entry and exit signals to maximize returns
American Balanced Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for American Balanced's price direction in advance. Along with the technical and fundamental analysis of American Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of American to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.093 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0928 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Balanced. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.