American Mutual Fund Market Value

AAATX
 Fund
  

USD 11.44  0.06  0.52%   

American Fds' market value is the price at which a share of American Fds stock trades on a public exchange. It measures the collective expectations of American Fds 2010 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of American Fds 2010 and determine expected loss or profit from investing in American Fds over a given investment horizon. Please continue to American Fds Hype Analysis, American Fds Correlation, Portfolio Optimization, American Fds Volatility, as well as analyze American Fds Alpha and Beta and American Fds Performance.
Symbol

Please note, there is a significant difference between American Fds' value and its price as these two are different measures arrived at by different means. Investors typically determine American Fds value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Fds' 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 Fds '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 Fds' 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 Fds.
0.00
08/21/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/11/2022
0.00
If you would invest  0.00  in American Fds on August 21, 2020 and sell it all today you would earn a total of 0.00 from holding American Fds 2010 or generate 0.0% return on investment in American Fds over 720 days. American Fds is related to or competes with Procter Gamble. The investment seeks growth, income and conservation of capitalMore

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

American Fds Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for American Fds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Fds' standard deviation. In reality, there are many statistical measures that can use American Fds historical prices to predict the future American Fds' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of American Fds' 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 Fds in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.8411.4412.04
Details
Intrinsic
Valuation
LowReal ValueHigh
10.8111.4112.01
Details
Naive
Forecast
LowNext ValueHigh
10.8011.3911.99
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.4011.4311.46
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as American Fds. Your research has to be compared to or analyzed against American Fds' peers to derive any actionable benefits. When done correctly, American Fds' 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 Fds 2010.

American Fds 2010 Backtested Returns

We consider American Fds very steady. American Fds 2010 secures Sharpe Ratio (or Efficiency) of 0.0267, which signifies that the fund had 0.0267% of return per unit of standard deviation 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 Fds 2010, which you can use to evaluate the future volatility of the entity. Please confirm American Fds 2010 mean deviation of 0.4575, and Risk Adjusted Performance of (0.021804) to double-check if the risk estimate we provide is consistent with the expected return of 0.0161%.
The fund shows a Beta (market volatility) of 0.0288, which signifies not very significant fluctuations relative to the market. Let's try to break down what American's beta means in this case. As returns on the market increase, American Fds returns are expected to increase less than the market. However, during the bear market, the loss on holding American Fds will be expected to be smaller as well. Although it is important to respect American Fds 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 analyzing American Fds 2010 technical indicators, you can presently evaluate if the expected return of 0.0161% will be sustainable into the future.

Auto-correlation

    
  -0.74  

Almost perfect reverse predictability

American Fds 2010 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between American Fds time series from 21st of August 2020 to 16th of August 2021 and 16th of August 2021 to 11th of August 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 Fds 2010 price movement. The serial correlation of -0.74 indicates that around 74.0% of current American Fds price fluctuation can be explain by its past prices.
Correlation Coefficient-0.74
Spearman Rank Test-0.77
Residual Average0.0
Price Variance0.14

American Fds 2010 lagged returns against current returns

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

American Fds 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 Fds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Fds 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 Fds mutual fund over time.
   Current vs Lagged Prices   
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       Timeline  

American Fds Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Fds without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with American Fds

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

Moving together with American Fds

0.7HPQHP Inc Fiscal Year End 22nd of November 2022 PairCorr
0.78JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to American Fds 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 Fds 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 Fds - 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 Fds 2010 to buy it.
The correlation of American Fds 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 Fds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Fds 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 Fds 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 Fds Hype Analysis, American Fds Correlation, Portfolio Optimization, American Fds Volatility, as well as analyze American Fds Alpha and Beta and American Fds Performance. Note that the American Fds 2010 information on this page should be used as a complementary analysis to other American Fds' 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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