American Funds Global Fund Market Value

CPGAX Fund  USD 24.35  0.05  0.21%   
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 Global investors about its performance. American Funds is trading at 24.35 as of the 13th of December 2024; that is 0.21% up since the beginning of the trading day. The fund's open price was 24.3.
With this module, you can estimate the performance of a buy and hold strategy of American Funds Global 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
11/19/2023
No Change 0.00  0.0 
In 1 year and 26 days
12/13/2024
0.00
If you would invest  0.00  in American Funds on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding American Funds Global or generate 0.0% return on investment in American Funds over 390 days. American Funds is related to or competes with Blackrock Lifepath, Income Fund, Sp 500, Dodge Cox, Vanguard Value, and One Choice. The fund invests in a mix of American Funds in different combinations and weightings 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 Global 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
23.6924.3525.01
Details
Intrinsic
Valuation
LowRealHigh
23.5724.2324.89
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 Global.

American Funds Global Backtested Returns

At this stage we consider American Mutual Fund to be very steady. American Funds Global secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American Funds Global, which you can use to evaluate the volatility of the entity. Please confirm American Funds' mean deviation of 0.5205, and Risk Adjusted Performance of 0.1135 to double-check if the risk estimate we provide is consistent with the expected return of 0.0771%. The fund shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, American Funds' returns are expected to increase less than the market. However, during the bear market, the loss of holding American Funds is expected to be smaller as well.

Auto-correlation

    
  0.74  

Good predictability

American Funds Global has good predictability. Overlapping area represents the amount of predictability between American Funds time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Global price movement. The serial correlation of 0.74 indicates that around 74.0% of current American Funds price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.74
Residual Average0.0
Price Variance0.49

American Funds Global 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 Global.
   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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