Income Growth Fund Market Value
| AMGIX Fund | USD 34.35 0.57 1.63% |
| Symbol | Income |
Income Growth '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 Income Growth'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 Income Growth.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Income Growth on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Income Growth Fund or generate 0.0% return on investment in Income Growth over 30 days. Income Growth is related to or competes with International Growth, Growth Fund, Equity Income, and Ultra Fund. In selecting stocks for the fund, the managers use quantitative and qualitative management techniques in a multi-step pr... More
Income Growth 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 Income Growth'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 Income Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7149 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.91 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 0.9647 |
Income Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Income Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Income Growth's standard deviation. In reality, there are many statistical measures that can use Income Growth historical prices to predict the future Income Growth's volatility.| Risk Adjusted Performance | 0.048 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0398 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Income Growth'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.
Income Growth Backtested Returns
We consider Income Growth very steady. Income Growth holds Efficiency (Sharpe) Ratio of 0.0672, which attests that the entity had a 0.0672% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Income Growth, which you can use to evaluate the volatility of the entity. Please check out Income Growth's Risk Adjusted Performance of 0.048, downside deviation of 0.7149, and Market Risk Adjusted Performance of 0.0498 to validate if the risk estimate we provide is consistent with the expected return of 0.0429%. The fund retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. Income Growth returns are very sensitive to returns on the market. As the market goes up or down, Income Growth is expected to follow.
Auto-correlation | -0.05 |
Very weak reverse predictability
Income Growth Fund has very weak reverse predictability. Overlapping area represents the amount of predictability between Income Growth time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 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 Income Growth price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Income Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Income Growth lagged returns against current returns
Autocorrelation, which is Income Growth 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 Income Growth's mutual fund expected returns. We can calculate the autocorrelation of Income Growth returns to help us make a trade decision. For example, suppose you find that Income Growth 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 |
Income Growth 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 Income Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Income Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Income Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Income Growth Lagged Returns
When evaluating Income Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Income Growth mutual fund have on its future price. Income Growth 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, Income Growth autocorrelation shows the relationship between Income Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Income Growth Fund.
Regressed Prices |
| Timeline |
Pair Trading with Income Growth
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Income Growth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Income Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Income Mutual Fund
| 0.93 | AMDVX | Mid Cap Value | PairCorr |
| 0.96 | AMEIX | Equity Growth | PairCorr |
The ability to find closely correlated positions to Income Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Income Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Income Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Income Growth Fund to buy it.
The correlation of Income Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Income Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Income Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Income Growth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Income Growth Correlation, Income Growth Volatility and Income Growth Alpha and Beta module to complement your research on Income Growth. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Income Growth 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.