American Funds Total Risk Alpha
| FGPGX Fund | | | USD 27.73 0.24 0.87% |
The Total Risk Alpha indicator for American Funds is constructed from normalized market data. Values reflect historical observations within the available dataset.
Investing Opportunities frames the approach to diversified portfolio design. Allocation structure reflects how positions are distributed across the portfolio. American Funds Growth can be added to a watchlist or portfolio for position tracking. The information is presented without directional commentary. Broader economic conditions can influence American Funds Growth's mutual fund valuation — related indicators include
signals in census.
American Funds Growth has current Total Risk Alpha of 0.117. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.117 | |
| ER[a] | = | Expected return on investing in American Funds |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on American Funds |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
American Funds Growth ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
63.93 of Maximum Drawdown per Total Risk Alpha. At
63.93 , American Funds Growth's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare American Funds to Peers
Other Technical Indicators