American Funds Strategic Fund Market Value

ANBAX Fund  USD 9.16  0.04  0.43%   
American Funds' market value is the price at which a share of American Funds trades on a public exchange. It measures the collective expectations of American Funds Strategic investors about its performance. American Funds is trading at 9.16 as of the 12th of December 2024; that is 0.43% down since the beginning of the trading day. The fund's open price was 9.2.
With this module, you can estimate the performance of a buy and hold strategy of American Funds Strategic and determine expected loss or profit from investing in American Funds over a given investment horizon. Check out American Funds Correlation, American Funds Volatility and American Funds Alpha and Beta module to complement your research on American Funds.
Symbol

Please note, there is a significant difference between American Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if American Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Funds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

American Funds '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 Funds' 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 Funds.
0.00
11/12/2024
No Change 0.00  0.0 
In 31 days
12/12/2024
0.00
If you would invest  0.00  in American Funds on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding American Funds Strategic or generate 0.0% return on investment in American Funds over 30 days. American Funds is related to or competes with American Funds, Bond Fund, Us Government, and Baron Global. The fund will invest at least 80 percent of its assets in bonds and other debt securities, which may be represented by d... More

American Funds 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 Funds' 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 Funds Strategic upside and downside potential and time the market with a certain degree of confidence.

American Funds Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for American Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Funds' standard deviation. In reality, there are many statistical measures that can use American Funds historical prices to predict the future American Funds' volatility.
Hype
Prediction
LowEstimatedHigh
8.909.209.50
Details
Intrinsic
Valuation
LowRealHigh
8.698.999.29
Details
Naive
Forecast
LowNextHigh
8.949.239.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.099.189.26
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as American Funds. Your research has to be compared to or analyzed against American Funds' peers to derive any actionable benefits. When done correctly, American Funds' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in American Funds Strategic.

American Funds Strategic Backtested Returns

American Funds Strategic secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15% return per unit of standard deviation over the last 3 months. American Funds Strategic exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Funds' risk adjusted performance of (0.11), and Mean Deviation of 0.2183 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0524, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning American Funds are expected to decrease at a much lower rate. During the bear market, American Funds is likely to outperform the market.

Auto-correlation

    
  -0.35  

Poor reverse predictability

American Funds Strategic has poor reverse predictability. Overlapping area represents the amount of predictability between American Funds 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 American Funds Strategic price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current American Funds price fluctuation can be explain by its past prices.
Correlation Coefficient-0.35
Spearman Rank Test0.42
Residual Average0.0
Price Variance0.0

American Funds Strategic lagged returns against current returns

Autocorrelation, which is American Funds 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 Funds' mutual fund expected returns. We can calculate the autocorrelation of American Funds returns to help us make a trade decision. For example, suppose you find that American Funds 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 Funds 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 Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Funds 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 Funds mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

American Funds Lagged Returns

When evaluating American Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Funds mutual fund have on its future price. American Funds 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 Funds autocorrelation shows the relationship between American Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in American Funds Strategic.
   Regressed Prices   
       Timeline  

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Other Information on Investing in American Mutual Fund

American Funds 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 Funds security.
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