AMERICAN Mutual Fund Market Value

AAATX
 Fund
  

USD 11.27  0.03  0.27%   

AMERICAN FUNDS's market value is the price at which a share of AMERICAN FUNDS stock trades on a public exchange. It measures the collective expectations of AMERICAN FUNDS 2010 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of AMERICAN FUNDS 2010 and determine expected loss or profit from investing in AMERICAN FUNDS over a given investment horizon. Please continue to AMERICAN FUNDS Correlation, AMERICAN FUNDS Volatility and AMERICAN FUNDS Alpha and Beta module to complement your research on AMERICAN FUNDS.
Symbol

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

AMERICAN FUNDS '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 AMERICAN FUNDS'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 AMERICAN FUNDS.
0.00
11/07/2022
No Change 0.00  0.0 
In 30 days
12/07/2022
0.00
If you would invest  0.00  in AMERICAN FUNDS on November 7, 2022 and sell it all today you would earn a total of 0.00 from holding AMERICAN FUNDS 2010 or generate 0.0% return on investment in AMERICAN FUNDS over 30 days. AMERICAN FUNDS is related to or competes with ATT, Bondbloxx ETF, Bondbloxx ETF, AMERICAN FUNDS, and Techtronic Industries. The investment seeks growth, income and conservation of capital More

AMERICAN FUNDS 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 AMERICAN FUNDS'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 AMERICAN FUNDS 2010 upside and downside potential and time the market with a certain degree of confidence.

AMERICAN FUNDS Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for AMERICAN FUNDS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMERICAN FUNDS's standard deviation. In reality, there are many statistical measures that can use AMERICAN FUNDS historical prices to predict the future AMERICAN FUNDS's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of AMERICAN FUNDS'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. Please use the tools below to analyze the current value of AMERICAN FUNDS in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.5211.2712.02
Details
Intrinsic
Valuation
LowReal ValueHigh
10.4411.1911.94
Details
Naive
Forecast
LowNext ValueHigh
10.5711.3212.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.7111.1011.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AMERICAN FUNDS. Your research has to be compared to or analyzed against AMERICAN FUNDS's peers to derive any actionable benefits. When done correctly, AMERICAN FUNDS's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in AMERICAN FUNDS 2010.

AMERICAN FUNDS 2010 Backtested Returns

We consider AMERICAN FUNDS very steady. AMERICAN FUNDS 2010 secures Sharpe Ratio (or Efficiency) of 0.0224, which signifies that the fund had 0.0224% of return per unit of risk over the last 3 months. Our philosophy in foreseeing the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for AMERICAN FUNDS 2010, which you can use to evaluate the future volatility of the entity. Please confirm AMERICAN FUNDS 2010 Risk Adjusted Performance of 0.0279, mean deviation of 0.5821, and Downside Deviation of 0.7024 to double-check if the risk estimate we provide is consistent with the expected return of 0.017%.
The fund shows a Beta (market volatility) of 0.4744, which signifies possible diversification benefits within a given portfolio. Let's try to break down what AMERICAN's beta means in this case. As returns on the market increase, AMERICAN FUNDS returns are expected to increase less than the market. However, during the bear market, the loss on holding AMERICAN FUNDS will be expected to be smaller as well. Although it is important to respect AMERICAN FUNDS 2010 historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining AMERICAN FUNDS 2010 technical indicators, you can right now evaluate if the expected return of 0.017% will be sustainable into the future.

Auto-correlation

    
  0.47  

Average predictability

AMERICAN FUNDS 2010 has average predictability. Overlapping area represents the amount of predictability between AMERICAN FUNDS time series from 7th of November 2022 to 22nd of November 2022 and 22nd of November 2022 to 7th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AMERICAN FUNDS 2010 price movement. The serial correlation of 0.47 indicates that about 47.0% of current AMERICAN FUNDS price fluctuation can be explain by its past prices.
Correlation Coefficient0.47
Spearman Rank Test0.65
Residual Average0.0
Price Variance0.01

AMERICAN FUNDS 2010 lagged returns against current returns

Autocorrelation, which is AMERICAN FUNDS 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 AMERICAN FUNDS's mutual fund expected returns. We can calculate the autocorrelation of AMERICAN FUNDS returns to help us make a trade decision. For example, suppose you find that AMERICAN FUNDS mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

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

AMERICAN FUNDS Lagged Returns

When evaluating AMERICAN FUNDS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMERICAN FUNDS mutual fund have on its future price. AMERICAN FUNDS 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, AMERICAN FUNDS autocorrelation shows the relationship between AMERICAN FUNDS mutual fund current value and its past values and can show if there is a momentum factor associated with investing in AMERICAN FUNDS 2010.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AMERICAN FUNDS in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AMERICAN FUNDS's short interest history, or implied volatility extrapolated from AMERICAN FUNDS options trading.

Pair Trading with AMERICAN FUNDS

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 AMERICAN FUNDS 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 AMERICAN FUNDS will appreciate offsetting losses from the drop in the long position's value.

Moving together with AMERICAN FUNDS

+0.66MSFTMicrosoft Aggressive PushPairCorr
+0.77MMM3M Company Sell-off TrendPairCorr
+0.91AAAlcoa Corp Buyout TrendPairCorr
The ability to find closely correlated positions to AMERICAN FUNDS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMERICAN FUNDS 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 AMERICAN FUNDS - 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 AMERICAN FUNDS 2010 to buy it.
The correlation of AMERICAN FUNDS is a statistical measure of how it moves in relation to other equities. 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 AMERICAN FUNDS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMERICAN FUNDS 2010 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 AMERICAN FUNDS 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.
Pair CorrelationCorrelation Matching
Please continue to AMERICAN FUNDS Correlation, AMERICAN FUNDS Volatility and AMERICAN FUNDS Alpha and Beta module to complement your research on AMERICAN FUNDS. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running AMERICAN FUNDS 2010 price analysis, check to measure AMERICAN FUNDS'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 AMERICAN FUNDS is operating at the current time. Most of AMERICAN FUNDS's value examination focuses on studying past and present price action to predict the probability of AMERICAN FUNDS's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move AMERICAN FUNDS's price. Additionally, you may evaluate how the addition of AMERICAN FUNDS to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of AMERICAN FUNDS technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AMERICAN FUNDS 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...