American Mutual Fund Market Value
AMRMX Fund | USD 54.26 0.71 1.33% |
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.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in American Mutual on February 27, 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 30 days. American Mutual is related to or competes with State Farm, Income Fund, American Funds, New World, American Mutual, American Funds, and American Funds. 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 | 0.457 | |||
Information Ratio | (0.06) | |||
Maximum Drawdown | 2.06 | |||
Value At Risk | (0.59) | |||
Potential Upside | 0.8024 |
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 | 0.1348 | |||
Jensen Alpha | 0.1104 | |||
Total Risk Alpha | 4.0E-4 | |||
Sortino Ratio | (0.05) | |||
Treynor Ratio | (1.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Mutual's 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 Mutual Fund Backtested Returns
We consider American Mutual very steady. American Mutual Fund secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the fund had a 0.23% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American Mutual Fund, which you can use to evaluate the volatility of the entity. Please confirm American Mutual's risk adjusted performance of 0.1348, and Mean Deviation of 0.3524 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of -0.0873, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning American Mutual are expected to decrease at a much lower rate. During the bear market, American Mutual is likely to outperform the market.
Auto-correlation | 0.58 |
Modest predictability
American Mutual Fund has modest predictability. Overlapping area represents the amount of predictability between American Mutual time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Fund price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current American Mutual price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.58 | |
Spearman Rank Test | 0.53 | |
Residual Average | 0.0 | |
Price Variance | 0.09 |
American Mutual Fund 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 |
Pair Trading with American Mutual
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Mutual position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Mutual will appreciate offsetting losses from the drop in the long position's value.Moving together with American Mutual Fund
0.85 | REJTX | American Funds 2015 | PairCorr |
0.97 | AMFCX | American Mutual Fund | PairCorr |
0.98 | AMFFX | American Mutual Fund | PairCorr |
0.92 | RNCCX | American Funds Income | PairCorr |
Moving against American Mutual Fund
0.57 | RGVAX | Us Government Securities | PairCorr |
0.54 | RGVEX | Us Government Securities | PairCorr |
0.5 | USGFX | Us Government Securities | PairCorr |
The ability to find closely correlated positions to American Mutual could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Mutual when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Mutual - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Mutual Fund to buy it.
The correlation of American Mutual is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Mutual moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Mutual Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Mutual can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out American Mutual Correlation, American Mutual Volatility and American Mutual Alpha and Beta module to complement your research on American Mutual. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for American Mutual Fund analysis
When running American Mutual's price analysis, check to measure American Mutual's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Mutual is operating at the current time. Most of American Mutual's value examination focuses on studying past and present price action to predict the probability of American Mutual's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Mutual's price. Additionally, you may evaluate how the addition of American Mutual to your portfolios can decrease your overall portfolio volatility.
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American Mutual technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.