American High-income Financials
| AMHIX Fund | USD 15.57 0.03 0.19% |
American |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
American High-income Fund Summary
American High-income competes with Dreyfus/standish, Artisan Global, T Rowe, T Rowe, and Mirova Global. Under normal circumstances, the fund will invest at least 80 percent of its assets in, or derive at least 80 percent of its income from, securities that are exempt from regular federal income tax and may subject the investors to alternative minimum tax. It may invest, without limitation, in securities that may subject the investors to federal alternative minimum tax. The fund invests at least 50 percent of its portfolio in debt securities rated BBB or below or Baa1 or below, or unrated but determined by the funds investment adviser to be of equivalent quality.Specialization | High Yield Muni, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US0265451031 |
| Business Address | American High-income Municipal |
| Mutual Fund Family | American Funds |
| Mutual Fund Category | High Yield Muni |
| Benchmark | Dow Jones Industrial |
| Phone | 800 421 4225 |
| Currency | USD - US Dollar |
American Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining American High-income's current stock value. Our valuation model uses many indicators to compare American High-income value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across American High-income competition to find correlations between indicators driving American High-income's intrinsic value. More Info.American High Income Municipal is the top fund in annual yield among similar funds. It also is the top fund in year to date return among similar funds creating about 1,251 of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the American High-income's earnings, one of the primary drivers of an investment's value.American High Income Systematic Risk
American High-income's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. American High-income volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on American High Income correlated with the market. If Beta is less than 0 American High-income generally moves in the opposite direction as compared to the market. If American High-income Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one American High Income is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of American High-income is generally in the same direction as the market. If Beta > 1 American High-income moves generally in the same direction as, but more than the movement of the benchmark.
American High-income November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of American High-income help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of American High Income Municipal. We use our internally-developed statistical techniques to arrive at the intrinsic value of American High Income Municipal based on widely used predictive technical indicators. In general, we focus on analyzing American Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build American High-income's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.4079 | |||
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 1.5 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3272 |
Other Information on Investing in American Mutual Fund
American High-income 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 High-income security.
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