Capital Income Builder Fund Market Value
| CIRCX Fund | USD 73.47 0.29 0.40% |
| Symbol | CAPITAL |
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.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Capital Income on June 5, 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 180 days. Capital Income is related to or competes with Champlain Mid, Small Company, Ftfa Franklin, Eip Growth, Tfa Alphagen, Qs Moderate, and Nationwide Growth. 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.
| Downside Deviation | 0.4578 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 1.79 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.6664 |
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.| Risk Adjusted Performance | 0.0205 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 0.0147 |
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.
Capital Income Builder Backtested Returns
At this stage we consider CAPITAL Mutual Fund to be very steady. Capital Income Builder secures Sharpe Ratio (or Efficiency) of 0.0558, which signifies that the fund had a 0.0558% 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 Risk Adjusted Performance of 0.0205, mean deviation of 0.3387, and Downside Deviation of 0.4578 to double-check if the risk estimate we provide is consistent with the expected return of 0.0227%. The fund shows a Beta (market volatility) of 0.39, 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 | -0.15 |
Insignificant reverse predictability
Capital Income Builder has insignificant reverse predictability. Overlapping area represents the amount of predictability between Capital Income time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 Capital Income Builder price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Capital Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
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 |
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 CAPITAL Mutual Fund
Capital Income financial ratios help investors to determine whether CAPITAL 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 CAPITAL with respect to the benefits of owning Capital Income security.
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