American Mutual Fund Market Value

RDBTX
 Fund
  

USD 12.14  0.08  0.66%   

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 2015 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of American Fds 2015 and determine expected loss or profit from investing in American Fds over a given investment horizon. Additionally, take a look at 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
08/23/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/13/2022
0.00
If you would invest  0.00  in American Fds on August 23, 2020 and sell it all today you would earn a total of 0.00 from holding American Fds 2015 or generate 0.0% return on investment in American Fds over 720 days. American Fds is related to or competes with Alcoa Corp. The fund normally invests a greater portion of its assets in fixed income, equity-income and balanced funds as it contin...More

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 2015 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
11.4212.0612.70
Details
Intrinsic
Valuation
LowReal ValueHigh
11.3712.0112.65
Details
Naive
Forecast
LowNext ValueHigh
11.4312.0712.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.9212.0012.09
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 2015.

American Fds 2015 Backtested Returns

We consider American Fds very steady. American Fds 2015 secures Sharpe Ratio (or Efficiency) of 0.0405, which signifies that the fund had 0.0405% 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 2015, which you can use to evaluate the future volatility of the entity. Please confirm American Fds 2015 risk adjusted performance of 0.0669, and Mean Deviation of 0.4864 to double-check if the risk estimate we provide is consistent with the expected return of 0.0257%.
The fund shows a Beta (market volatility) of 0.4603, 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 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 2015 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 2015 technical indicators, you can presently evaluate if the expected return of 0.0257% will be sustainable into the future.

Auto-correlation

    
  -0.75  

Almost perfect reverse predictability

American Fds 2015 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between American Fds time series from 23rd of August 2020 to 18th of August 2021 and 18th of August 2021 to 13th 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 2015 price movement. The serial correlation of -0.75 indicates that around 75.0% of current American Fds price fluctuation can be explain by its past prices.
Correlation Coefficient-0.75
Spearman Rank Test-0.8
Residual Average0.0
Price Variance0.21

American Fds 2015 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 2015.
   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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Additionally, take a look at 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 2015 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for American Mutual Fund analysis

When running American Fds 2015 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...