American Mutual Fund Market Value
| AMFFX Fund | USD 60.24 0.21 0.35% |
| Symbol | American |
American Mutual '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 Mutual'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 Mutual.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in American Mutual on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding American Mutual Fund or generate 0.0% return on investment in American Mutual over 180 days. American Mutual is related to or competes with Amcap Fund, American Balanced, New Perspective, New World, and Washington Mutual. The fund invests primarily in common stocks of companies that are likely to participate in the growth of the American ec... More
American Mutual 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 Mutual'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 Mutual Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5153 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.68 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.9024 |
American Mutual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Mutual's standard deviation. In reality, there are many statistical measures that can use American Mutual historical prices to predict the future American Mutual's volatility.| Risk Adjusted Performance | 0.0848 | |||
| Jensen Alpha | 0.053 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 2.76 |
American Mutual Backtested Returns
At this stage we consider American Mutual Fund to be very steady. American Mutual 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-eight technical indicators for American Mutual Fund, which you can use to evaluate the volatility of the entity. Please confirm American Mutual's mean deviation of 0.4557, and Risk Adjusted Performance of 0.0848 to double-check if the risk estimate we provide is consistent with the expected return of 0.0757%. The fund shows a Beta (market volatility) of 0.0201, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American Mutual's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Mutual is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
American Mutual Fund has good predictability. Overlapping area represents the amount of predictability between American Mutual time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Mutual price movement. The serial correlation of 0.71 indicates that around 71.0% of current American Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
American Mutual lagged returns against current returns
Autocorrelation, which is American Mutual 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 Mutual's mutual fund expected returns. We can calculate the autocorrelation of American Mutual returns to help us make a trade decision. For example, suppose you find that American Mutual 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 Mutual 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 Mutual mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Mutual 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 Mutual mutual fund over time.
Current vs Lagged Prices |
| Timeline |
American Mutual Lagged Returns
When evaluating American Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Mutual mutual fund have on its future price. American Mutual 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 Mutual autocorrelation shows the relationship between American Mutual mutual fund current value and its past values and can show if there is a momentum factor associated with investing in American Mutual 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 Mutual 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 Mutual security.
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