AGF American Fund Forecast - Period Momentum Indicator
Investors can use prediction functions to forecast AGF American's fund prices and determine the direction of AGF American Growth's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
AGF American Growth has current Period Momentum Indicator of 0. Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.AGF |
| Check AGF American Volatility | Backtest AGF American | Information Ratio |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
Compare AGF American to competition
AGF American Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AGF American fund to make a market-neutral strategy. Peer analysis of AGF American could also be used in its relative valuation, which is a method of valuing AGF American by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AGF American Risk Indicators
The analysis of AGF American's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in AGF American's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting agf fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.7563 | |||
| Semi Deviation | 0.7667 | |||
| Standard Deviation | 0.9884 | |||
| Variance | 0.977 | |||
| Downside Variance | 0.9002 | |||
| Semi Variance | 0.5878 | |||
| Expected Short fall | (0.85) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with AGF American
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 AGF American 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 AGF American will appreciate offsetting losses from the drop in the long position's value.Moving together with AGF Fund
| 0.69 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
Moving against AGF Fund
| 0.36 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
The ability to find closely correlated positions to AGF American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGF American 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 AGF American - 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 AGF American Growth to buy it.
The correlation of AGF American is a statistical measure of how it moves in relation to other instruments. 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 AGF American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AGF American Growth 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 AGF American 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.| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |