Amcap Fund Class Fund Statistic Functions Pearson Correlation Coefficient

CAFFX Fund  USD 41.64  0.39  0.93%   
Amcap Fund statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Amcap Fund. Amcap Fund value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Amcap Fund statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
Execute Function
The output start index for this execution was fifty-nine with a total number of output elements of two. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Amcap Fund Class and its benchmark or peer.

Amcap Fund Technical Analysis Modules

Most technical analysis of Amcap Fund help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Amcap from various momentum indicators to cycle indicators. When you analyze Amcap charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Amcap Fund Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Amcap Fund Class. We use our internally-developed statistical techniques to arrive at the intrinsic value of Amcap Fund Class based on widely used predictive technical indicators. In general, we focus on analyzing Amcap Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Amcap Fund's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Amcap Fund's intrinsic value. In addition to deriving basic predictive indicators for Amcap Fund, we also check how macroeconomic factors affect Amcap Fund price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
40.7842.0343.28
Details
Intrinsic
Valuation
LowRealHigh
41.4142.6643.91
Details
Naive
Forecast
LowNextHigh
40.8042.0543.30
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
41.4144.0146.62
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Amcap Fund. Your research has to be compared to or analyzed against Amcap Fund's peers to derive any actionable benefits. When done correctly, Amcap Fund'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 Amcap Fund Class.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Amcap Fund in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Amcap Fund's short interest history, or implied volatility extrapolated from Amcap Fund options trading.

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Other Information on Investing in Amcap Mutual Fund

Amcap Fund financial ratios help investors to determine whether Amcap 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 Amcap with respect to the benefits of owning Amcap Fund security.
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