AMERICAN FUNDS Total Risk Alpha
| GAIFX Fund | | | USD 20.85 0.22 1.07% |
Historical market data for American Funds Growth forms the basis of the Total Risk Alpha indicator shown here. Coverage may vary depending on data availability and normalization methods.
Risk vs Return Analysis provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. American Funds Growth can be evaluated within a portfolio framework for weight and risk impact. Position allocation is driven by the portfolio construction model in use. Broader economic conditions can influence American Funds Growth's mutual fund valuation — related indicators include
signals in price.
American Funds Growth has current Total Risk Alpha of 0.0322. 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] |
| = | 0.0322 | |
| 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 is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
105.22 of Maximum Drawdown per Total Risk Alpha. At
105.22 , 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