Capital Income Builder Fund Market Value

CIBFX Fund  USD 68.25  0.09  0.13%   
Capital Income's market value is the price at which a share of Capital Income trades on a public exchange. It measures the collective expectations of Capital Income Builder investors about its performance. Capital Income is trading at 68.25 as of the 28th of March 2024; that is 0.13 percent increase since the beginning of the trading day. The fund's open price was 68.16.
With this module, you can estimate the performance of a buy and hold strategy of Capital Income Builder and determine expected loss or profit from investing in Capital Income over a given investment horizon. Check out Capital Income Correlation, Capital Income Volatility and Capital Income Alpha and Beta module to complement your research on Capital Income.
Symbol

Please note, there is a significant difference between Capital Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Capital Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Capital Income's 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.

Capital Income '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 Capital Income'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 Capital Income.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Capital Income on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Capital Income Builder or generate 0.0% return on investment in Capital Income over 30 days. Capital Income is related to or competes with Income Fund, American Funds, New World, American Mutual, American Mutual, American Funds, and American Funds. The fund normally will invest at least 90 percent of its assets in income-producing securities More

Capital Income 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 Capital Income'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 Capital Income Builder upside and downside potential and time the market with a certain degree of confidence.

Capital Income Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital Income's standard deviation. In reality, there are many statistical measures that can use Capital Income historical prices to predict the future Capital Income's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capital Income'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.
Hype
Prediction
LowEstimatedHigh
67.7968.2568.71
Details
Intrinsic
Valuation
LowRealHigh
67.3567.8168.27
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Capital Income. Your research has to be compared to or analyzed against Capital Income's peers to derive any actionable benefits. When done correctly, Capital Income's 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 Capital Income Builder.

Capital Income Builder Backtested Returns

We consider Capital Income very steady. Capital Income Builder secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Capital Income Builder, which you can use to evaluate the volatility of the entity. Please confirm Capital Income's Mean Deviation of 0.3366, risk adjusted performance of 0.0829, and Downside Deviation of 0.4362 to double-check if the risk estimate we provide is consistent with the expected return of 0.06%. The fund shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Capital Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capital Income is expected to be smaller as well.

Auto-correlation

    
  0.61  

Good predictability

Capital Income Builder has good predictability. Overlapping area represents the amount of predictability between Capital Income 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 Capital Income Builder price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Capital Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.64
Residual Average0.0
Price Variance0.15

Capital Income Builder lagged returns against current returns

Autocorrelation, which is Capital Income 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 Capital Income's mutual fund expected returns. We can calculate the autocorrelation of Capital Income returns to help us make a trade decision. For example, suppose you find that Capital Income 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  

Capital Income 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 Capital Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital Income mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Capital Income Lagged Returns

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

Pair Trading with Capital Income

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 Capital Income 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 Capital Income will appreciate offsetting losses from the drop in the long position's value.

Moving together with Capital Mutual Fund

  0.99AMECX Income FundPairCorr
  0.85REJTX American Funds 2015PairCorr
  0.9RNEBX New World FundPairCorr
  0.87AMFCX American Mutual FundPairCorr
  0.92AMFFX American Mutual FundPairCorr
The ability to find closely correlated positions to Capital Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital Income 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 Capital Income - 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 Capital Income Builder to buy it.
The correlation of Capital Income 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 Capital Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital Income Builder 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 Capital Income 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.
Pair CorrelationCorrelation Matching
Check out Capital Income Correlation, Capital Income Volatility and Capital Income Alpha and Beta module to complement your research on Capital Income.
Note that the Capital Income Builder information on this page should be used as a complementary analysis to other Capital Income's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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When running Capital Income's price analysis, check to measure Capital Income'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 Capital Income is operating at the current time. Most of Capital Income's value examination focuses on studying past and present price action to predict the probability of Capital Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capital Income's price. Additionally, you may evaluate how the addition of Capital Income to your portfolios can decrease your overall portfolio volatility.
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Capital Income 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.
A focus of Capital Income technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Capital Income trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...