AMERICAN Mutual Fund Market Value

ANCFX
 Fund
  

USD 64.24  0.03  0.0467%   

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 FUNDAMENTAL investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of AMERICAN FUNDS FUNDAMENTAL 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
12/15/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/05/2022
0.00
If you would invest  0.00  in AMERICAN FUNDS on December 15, 2020 and sell it all today you would earn a total of 0.00 from holding AMERICAN FUNDS FUNDAMENTAL or generate 0.0% return on investment in AMERICAN FUNDS over 720 days. AMERICAN FUNDS is related to or competes with Nordea Bank. The investment seeks long-term growth of capital and income 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 FUNDAMENTAL 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
62.6664.2465.82
Details
Intrinsic
Valuation
LowReal ValueHigh
59.4561.0370.66
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 FUNDA.

AMERICAN FUNDS FUNDA Backtested Returns

We consider AMERICAN FUNDS very steady. AMERICAN FUNDS FUNDA secures Sharpe Ratio (or Efficiency) of 0.0738, which signifies that the fund had 0.0738% 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 FUNDAMENTAL, which you can use to evaluate the future volatility of the entity. Please confirm AMERICAN FUNDS FUNDA Downside Deviation of 1.3, risk adjusted performance of 0.0886, and Mean Deviation of 1.21 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%.
The fund shows a Beta (market volatility) of 1.0465, which signifies a somewhat significant risk relative to the market. Let's try to break down what AMERICAN's beta means in this case. AMERICAN FUNDS returns are very sensitive to returns on the market. As the market goes up or down, AMERICAN FUNDS is expected to follow. Although it is important to respect AMERICAN FUNDS FUNDA 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 FUNDA technical indicators, you can right now evaluate if the expected return of 0.12% will be sustainable into the future.

Auto-correlation

    
  -0.79  

Almost perfect reverse predictability

AMERICAN FUNDS FUNDAMENTAL has almost perfect reverse predictability. Overlapping area represents the amount of predictability between AMERICAN FUNDS time series from 15th of December 2020 to 10th of December 2021 and 10th of December 2021 to 5th 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 FUNDA price movement. The serial correlation of -0.79 indicates that around 79.0% of current AMERICAN FUNDS price fluctuation can be explain by its past prices.
Correlation Coefficient-0.79
Spearman Rank Test-0.75
Residual Average0.0
Price Variance23.16

AMERICAN FUNDS FUNDA 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 FUNDAMENTAL.
   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

+0.98VFINXVANGUARD 500 INDEX Low VolatilityPairCorr
+0.98VFFSXVANGUARD 500 INDEX Low VolatilityPairCorr
+0.98VFIAXVANGUARD 500 INDEX Low VolatilityPairCorr
+0.93HPQHP Inc Potential GrowthPairCorr
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 FUNDAMENTAL 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 FUNDA 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. Note that the AMERICAN FUNDS FUNDA information on this page should be used as a complementary analysis to other AMERICAN FUNDS's 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for AMERICAN Mutual Fund analysis

When running AMERICAN FUNDS FUNDA 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.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
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...