American Mutual Fund Market Value

AAAIX
 Fund
  

USD 6.70  0.04  0.59%   

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

Please note, there is a significant difference between American Century's value and its price as these two are different measures arrived at by different means. Investors typically determine American Century value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Century'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 Century '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 Century'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 Century.
0.00
01/02/2022
No Change 0.00  0.0 
In 5 months and 29 days
07/01/2022
0.00
If you would invest  0.00  in American Century on January 2, 2022 and sell it all today you would earn a total of 0.00 from holding American Century Strategic or generate 0.0% return on investment in American Century over 180 days. American Century is related to or competes with Coca Cola. The funds asset allocation strategy diversifies investments among equity securities, bonds and money market instrumentsMore

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

American Century Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for American Century's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Century's standard deviation. In reality, there are many statistical measures that can use American Century historical prices to predict the future American Century'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 Century'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 Century in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
5.386.708.02
Details
Intrinsic
Valuation
LowReal ValueHigh
5.496.818.13
Details
Naive
Forecast
LowNext ValueHigh
5.566.888.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.416.927.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as American Century. Your research has to be compared to or analyzed against American Century's peers to derive any actionable benefits. When done correctly, American Century'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 Century Str.

American Century Str Backtested Returns

We consider American Century not too volatile. American Century Str secures Sharpe Ratio (or Efficiency) of 0.0337, which signifies that the fund had 0.0337% of return per unit of standard deviation over the last 24 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 Century Strategic, which you can use to evaluate the future volatility of the entity. Please confirm American Century Str risk adjusted performance of 0.0349, and Mean Deviation of 0.6551 to double-check if the risk estimate we provide is consistent with the expected return of 0.0293%.
The fund shows a Beta (market volatility) of 0.7652, 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 Century returns are expected to increase less than the market. However, during the bear market, the loss on holding American Century will be expected to be smaller as well. Although it is important to respect American Century Str 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 Century Str technical indicators, you can presently evaluate if the expected return of 0.0293% will be sustainable into the future.

Auto-correlation

    
  0.52  

Modest predictability

American Century Strategic has modest predictability. Overlapping area represents the amount of predictability between American Century time series from 2nd of January 2022 to 2nd of April 2022 and 2nd of April 2022 to 1st of July 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 Century Str price movement. The serial correlation of 0.52 indicates that about 52.0% of current American Century price fluctuation can be explain by its past prices.
Correlation Coefficient0.52
Spearman Rank Test0.53
Residual Average0.0
Price Variance0.1

American Century Str lagged returns against current returns

Autocorrelation, which is American Century 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 Century's mutual fund expected returns. We can calculate the autocorrelation of American Century returns to help us make a trade decision. For example, suppose you find that American Century 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 Century 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 Century mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Century 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 Century mutual fund over time.
 Current vs Lagged Prices 
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      Timeline 

American Century Lagged Returns

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

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
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Pair Trading with American Century

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

American Century Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to American Century 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 Century 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 Century - 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 Century Strategic to buy it.
The correlation of American Century 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 Century moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Century Str 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 Century 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 Century Hype Analysis, American Century Correlation, Portfolio Optimization, American Century Volatility, as well as analyze American Century Alpha and Beta and American Century Performance. Note that the American Century Str information on this page should be used as a complementary analysis to other American Century'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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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