American Century One Fund Market Value
| AAEVX Fund | USD 11.48 0.07 0.61% |
| Symbol | American |
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.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in American Century on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding American Century One or generate 0.0% return on investment in American Century over 60 days. American Century is related to or competes with Aqr Large, Qs Us, Massmutual Select, Aqr Large, Knights Of, Legg Mason, and Touchstone Large. The fund is a fund of funds, meaning that it seeks to achieve its objective by investing in other mutual funds and excha... More
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 One upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6713 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.24 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 1.07 |
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.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.063 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
American Century One Backtested Returns
At this stage we consider American Mutual Fund to be very steady. American Century One secures Sharpe Ratio (or Efficiency) of 0.074, which signifies that the fund had a 0.074% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American Century One, which you can use to evaluate the volatility of the entity. Please confirm American Century's risk adjusted performance of 0.074, and Mean Deviation of 0.5092 to double-check if the risk estimate we provide is consistent with the expected return of 0.0476%. The fund shows a Beta (market volatility) of -0.0757, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning American Century are expected to decrease at a much lower rate. During the bear market, American Century is likely to outperform the market.
Auto-correlation | 0.14 |
Insignificant predictability
American Century One has insignificant predictability. Overlapping area represents the amount of predictability between American Century time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 2024 to 22nd of November 2024. 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 One price movement. The serial correlation of 0.14 indicates that less than 14.0% of current American Century price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
American Century One 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 has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| 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 |
| 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 One.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in American Mutual Fund
American Century financial ratios help investors to determine whether American Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in American with respect to the benefits of owning American Century security.
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