American Funds Balanced Fund Market Value

RBBEX Fund  USD 18.57  0.09  0.49%   
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 Balanced investors about its performance. American Funds is trading at 18.57 as of the 25th of December 2024; that is 0.49 percent increase since the beginning of the trading day. The fund's open price was 18.48.
With this module, you can estimate the performance of a buy and hold strategy of American Funds Balanced 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
01/05/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/25/2024
0.00
If you would invest  0.00  in American Funds on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding American Funds Balanced or generate 0.0% return on investment in American Funds over 720 days. American Funds is related to or competes with Fidelity Advisor, Vanguard Financials, Icon Financial, Transamerica Financial, and Financials Ultrasector. 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 Balanced 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Funds' 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
18.0818.5719.06
Details
Intrinsic
Valuation
LowRealHigh
18.1018.5919.08
Details

American Funds Balanced Backtested Returns

American Funds Balanced secures Sharpe Ratio (or Efficiency) of -0.0372, which signifies that the fund had a -0.0372% return per unit of standard deviation over the last 3 months. American Funds Balanced exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Funds' risk adjusted performance of (0.02), and Mean Deviation of 0.3533 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0798, which signifies not very significant fluctuations relative to the market. 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

    
  0.43  

Average predictability

American Funds Balanced has average predictability. Overlapping area represents the amount of predictability between American Funds time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Balanced price movement. The serial correlation of 0.43 indicates that just about 43.0% of current American Funds price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test0.52
Residual Average0.0
Price Variance0.54

American Funds Balanced 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 Balanced.
   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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