Investment Of America Fund Market Value
| CICAX Fund | USD 58.31 0.52 0.88% |
| Symbol | Investment |
Investment '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 Investment'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 Investment.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Investment on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Investment Of America or generate 0.0% return on investment in Investment over 90 days. Investment is related to or competes with Financials Ultrasector, Transamerica Financial, Davis Financial, Prudential Jennison, and Mesirow Financial. The fund invests primarily in common stocks, most of which have a history of paying dividends More
Investment 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 Investment'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 Investment Of America upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.24 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 0.9807 |
Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Investment's standard deviation. In reality, there are many statistical measures that can use Investment historical prices to predict the future Investment's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.10) |
Investment Of America Backtested Returns
Investment Of America holds Efficiency (Sharpe) Ratio of -0.042, which attests that the entity had a -0.042% return per unit of risk over the last 3 months. Investment Of America exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Investment's Risk Adjusted Performance of (0.02), standard deviation of 1.24, and Market Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Investment is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Investment Of America has very weak reverse predictability. Overlapping area represents the amount of predictability between Investment time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Investment Of America price movement. The serial correlation of -0.03 indicates that only 3.0% of current Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 4.7 |
Investment Of America lagged returns against current returns
Autocorrelation, which is Investment 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 Investment's mutual fund expected returns. We can calculate the autocorrelation of Investment returns to help us make a trade decision. For example, suppose you find that Investment 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 |
Investment 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 Investment mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Investment mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Investment mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Investment Lagged Returns
When evaluating Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Investment mutual fund have on its future price. Investment 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, Investment autocorrelation shows the relationship between Investment mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Investment Of America.
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 Investment Mutual Fund
Investment financial ratios help investors to determine whether Investment 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 Investment with respect to the benefits of owning Investment security.
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