American Fds Smallcap Fund Market Value
| SCWCX Fund | USD 57.88 0.42 0.73% |
| Symbol | American |
American Fds '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 Fds' 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 Fds.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in American Fds on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding American Fds Smallcap or generate 0.0% return on investment in American Fds over 720 days. American Fds is related to or competes with Prudential Financial, Davis Financial, Gabelli Global, Transamerica Financial, and Royce Global. Normally the fund invests at least 80 percent of its net assets in common stocks and other equity-type securities of com... More
American Fds 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 Fds' 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 Fds Smallcap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8662 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.31 |
American Fds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Fds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Fds' standard deviation. In reality, there are many statistical measures that can use American Fds historical prices to predict the future American Fds' volatility.| Risk Adjusted Performance | 0.0577 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0597 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Fds' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
American Fds Smallcap Backtested Returns
At this stage we consider American Mutual Fund to be out of control. American Fds Smallcap secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American Fds Smallcap, which you can use to evaluate the volatility of the entity. Please confirm American Fds' mean deviation of 0.6648, and Risk Adjusted Performance of 0.0577 to double-check if the risk estimate we provide is consistent with the expected return of 0.0894%. The fund shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. American Fds returns are very sensitive to returns on the market. As the market goes up or down, American Fds is expected to follow.
Auto-correlation | -0.14 |
Insignificant reverse predictability
American Fds Smallcap has insignificant reverse predictability. Overlapping area represents the amount of predictability between American Fds time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Fds Smallcap price movement. The serial correlation of -0.14 indicates that less than 14.0% of current American Fds price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 2.54 |
American Fds Smallcap lagged returns against current returns
Autocorrelation, which is American Fds 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 Fds' mutual fund expected returns. We can calculate the autocorrelation of American Fds returns to help us make a trade decision. For example, suppose you find that American Fds 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 Fds 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 Fds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Fds 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 Fds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
American Fds Lagged Returns
When evaluating American Fds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Fds mutual fund have on its future price. American Fds 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 Fds autocorrelation shows the relationship between American Fds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in American Fds Smallcap.
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 Fds 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 Fds security.
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