American Funds Income Fund Price on February 29, 2024
| RNCCX Fund | USD 12.69 0.03 0.24% |
Below is the normalized historical share price chart for American Funds Income extending back to May 18, 2012. 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 Funds stands at 12.69, as last reported on the 28th of April, with the highest price reaching 12.69 and the lowest price hitting 12.69 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 Funds very steady. American Funds Me secures Sharpe Ratio (or Efficiency) of 0.0415, which signifies that the fund had a 0.0415% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for American Funds Income, which you can use to evaluate the volatility of the entity. Please confirm American Funds' mean deviation of 0.2985, and Risk Adjusted Performance of 0.0367 to double-check if the risk estimate we provide is consistent with the expected return of 0.0169%.
American Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
American |
Sharpe Ratio = 0.0415
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Estimated Market Risk
| 0.41 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average American Funds is performing at about 3% 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 Funds by adding it to a well-diversified portfolio.
American Funds Valuation on February 29, 2024
It is possible to determine the worth of American Funds on a given historical date. On February 29, 2024 American was worth 12.75 at the beginning of the trading date compared to the closed value of 12.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of American Funds mutual fund. Still, in general, we apply an absolute valuation method to find American Funds' 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 Funds where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against American Funds' related companies.
| Open | High | Low | Close | Volume | |
| 12.73 | 12.73 | 12.63 | 12.63 | 1.00 | |
02/29/2024 | 12.75 | 12.75 | 12.65 | 12.65 | 1.00 |
| 12.82 | 12.82 | 12.72 | 12.72 | 1.00 |
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American Funds Trading Date Momentum on February 29, 2024
| On March 01 2024 American Funds Income was traded for 12.72 at the closing time. The highest daily price throughout the period was 12.82 and the lowest price was 12.72 . There was no trading activity during the period 1.0. Lack of trading volume on 03/01/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.55% . The overall trading delta to current closing price is 2.13% . |
American Funds Me Fundamentals Correlations and Trends
By evaluating American Funds' 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 Funds' 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 Funds Mutual Fund history
American Funds 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 Funds Me 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 Funds stock prices may prove useful in developing a viable investing in American Funds
The fund invests in a mix of American Funds in different combinations and weightings. The underlying American Funds will typically seek to generate income from their investments and may include growth-and-income, equity-income, balanced and fixed income funds. Through its investments in the underlying funds, the fund will have significant exposure to dividend-paying stocks. It will seek exposure to investments outside the United States,including in emerging markets.
American Funds Mutual Fund Technical Analysis
American Funds 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 Funds Period Price Range
Low | February 29, 2024
| High |
12.75 | 12.65 |
American Funds April 28, 2024 Market Strength
Market strength indicators help investors to evaluate how American Funds 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 Funds shares will generate the highest return on investment. By undertsting and applying American Funds mutual fund market strength indicators, traders can identify American Funds Income entry and exit signals to maximize returns
American Funds Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for American Funds' 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 | 0.0367 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0309 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in American Funds Income. 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 main economic indicators. Note that the American Funds Me information on this page should be used as a complementary analysis to other American Funds' 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.