Amcap Fund Class Fund Market Value
| CAFFX Fund | USD 46.91 0.54 1.16% |
| Symbol | Amcap |
Amcap Fund '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 Amcap Fund'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 Amcap Fund.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Amcap Fund on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Amcap Fund Class or generate 0.0% return on investment in Amcap Fund over 30 days. Amcap Fund is related to or competes with National Tax, Franklin High, Pace High, T Rowe, Morningstar Defensive, and Touchstone Premium. The fund invests primarily in common stocks of U.S More
Amcap Fund 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 Amcap Fund'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 Amcap Fund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8438 | |||
| Information Ratio | 0.0611 | |||
| Maximum Drawdown | 4.23 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.25 |
Amcap Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amcap Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amcap Fund's standard deviation. In reality, there are many statistical measures that can use Amcap Fund historical prices to predict the future Amcap Fund's volatility.| Risk Adjusted Performance | 0.1601 | |||
| Jensen Alpha | 0.0681 | |||
| Total Risk Alpha | 0.0385 | |||
| Sortino Ratio | 0.0564 | |||
| Treynor Ratio | 0.1974 |
Amcap Fund Class Backtested Returns
At this stage we consider Amcap Mutual Fund to be very steady. Amcap Fund Class secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Amcap Fund Class, which you can use to evaluate the volatility of the entity. Please confirm Amcap Fund's risk adjusted performance of 0.1601, and Mean Deviation of 0.5759 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Amcap Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amcap Fund is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Amcap Fund Class has good reverse predictability. Overlapping area represents the amount of predictability between Amcap Fund time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Amcap Fund Class price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Amcap Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Amcap Fund Class lagged returns against current returns
Autocorrelation, which is Amcap Fund 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 Amcap Fund's mutual fund expected returns. We can calculate the autocorrelation of Amcap Fund returns to help us make a trade decision. For example, suppose you find that Amcap Fund 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 |
Amcap Fund 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 Amcap Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amcap Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amcap Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Amcap Fund Lagged Returns
When evaluating Amcap Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amcap Fund mutual fund have on its future price. Amcap Fund 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, Amcap Fund autocorrelation shows the relationship between Amcap Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Amcap Fund Class.
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 Amcap Mutual Fund
Amcap Fund financial ratios help investors to determine whether Amcap 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 Amcap with respect to the benefits of owning Amcap Fund security.
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