American Growth Fund Market Value
| AMRCX Fund | USD 6.36 0.05 0.79% |
| Symbol | American |
American Growth '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 Growth'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 Growth.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in American Growth on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding American Growth Fund or generate 0.0% return on investment in American Growth over 30 days. American Growth is related to or competes with Vanguard Financials, Fidelity Advisor, Gabelli Global, 1919 Financial, Prudential Financial, and Royce Global. The advisor uses a consistent approach to build the funds security portfolio which is made up primarily of common stocks... More
American Growth 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 Growth'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 Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.88 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.64 |
American Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Growth's standard deviation. In reality, there are many statistical measures that can use American Growth historical prices to predict the future American Growth's volatility.| Risk Adjusted Performance | 0.0843 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0994 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Growth'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 Growth Backtested Returns
At this stage we consider American Mutual Fund to be not too volatile. American Growth secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm American Growth's risk adjusted performance of 0.0843, and Mean Deviation of 0.7868 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 1.08, which signifies a somewhat significant risk relative to the market. American Growth returns are very sensitive to returns on the market. As the market goes up or down, American Growth is expected to follow.
Auto-correlation | 0.82 |
Very good predictability
American Growth Fund has very good predictability. Overlapping area represents the amount of predictability between American Growth time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Growth price movement. The serial correlation of 0.82 indicates that around 82.0% of current American Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
American Growth lagged returns against current returns
Autocorrelation, which is American Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of American Growth returns to help us make a trade decision. For example, suppose you find that American Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
American Growth Lagged Returns
When evaluating American Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Growth mutual fund have on its future price. American Growth 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 Growth autocorrelation shows the relationship between American Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in American Growth Fund.
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 Growth 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 Growth security.
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