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RIDGX American Funds Income Fund of Amer R6 Forecast, Technical & Fundamental Analysis

The investment seeks to provide investors with current income while secondarily striving for capital growth... Show more

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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Broadcom Inc. (NASDAQ:AVGO), JPMorgan Chase & Co (NYSE:JPM), Home Depot (NYSE:HD), Philip Morris International (NYSE:PM), Gilead Sciences (NASDAQ:GILD), CME Group (NASDAQ:CME), Comcast Corp (NASDAQ:CMCSA), EOG Resources (NYSE:EOG).

Industry description

The investment seeks to provide investors with current income while secondarily striving for capital growth. Normally the fund invests primarily in income-producing securities. These include equity securities, such as dividend-paying common stocks, and debt securities, such as interest-paying bonds. Generally at least 60% of the fund's assets will be invested in common stocks and other equity-type securities. The fund may also invest up to 30% of its assets in common stocks and other equity-type securities of issuers domiciled outside the United States, including issuers in developing countries.

Market Cap

The average market capitalization across the American Funds Income Fund of Amer R6 MF is 745.06B. The market cap for tickers in the group ranges from 73.15B to 3T. MSFT holds the highest valuation in this group at 3T. The lowest valued company is EOG at 73.15B.

Volume

The average weekly volume growth across all stocks in the American Funds Income Fund of Amer R6 MF was 6%. For the same stocks of the MF, the average monthly volume growth was 10% and the average quarterly volume growth was 10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 66
Price Growth Rating: 47
SMR Rating: 100
Profit Risk Rating: 39
Seasonality Score: 8 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category ModerateAllocation

Profile
Details
Category
Global Moderate Allocation
Address
The Income Fund of America, Inc.One Market, Steuart Tower, Suite 1800San Francisco
Phone
(415) 421-9360
Web
www.americanfunds.com
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RIDGX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, RIDGX has been closely correlated with FAIFX. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if RIDGX jumps, then FAIFX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RIDGX
1D Price
Change %
RIDGX100%
+0.44%
FAIFX - RIDGX
100%
Closely correlated
+0.40%
AMECX - RIDGX
100%
Closely correlated
+0.44%
RIDHX - RIDGX
100%
Closely correlated
+0.40%
CIMAX - RIDGX
100%
Closely correlated
+0.40%
IFAFX - RIDGX
100%
Closely correlated
+0.40%
More
American Funds Income Fund of Amer R6 (RIDGX) mutual fund Forecast, Price Targets and Analysts Predictions - Tickeron.com