American Century High-Yield Municipal Fund Q3 2024 Commentary - Seeking Alpha
| NHYMX Fund | USD 7.44 0.03 0.40% |
Slightly above 61% of Northern High's investor base is looking to short. The analysis of overall sentiment of trading Northern High Yield mutual fund suggests that many investors are alarmed at this time. Northern High's investing sentiment can be driven by a variety of factors including economic data, Northern High's earnings reports, geopolitical events, and overall market trends.
Northern |
American Century High-Yield Municipal Fund Q3 2024 Commentary Seeking Alpha
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Northern High Fundamental Analysis
We analyze Northern High's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Northern High using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Northern High based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
One Year Return
One Year Return Comparative Analysis
Northern High is currently under evaluation in one year return among similar funds. One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Northern High Yield Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Northern High mutual fund to make a market-neutral strategy. Peer analysis of Northern High could also be used in its relative valuation, which is a method of valuing Northern High by comparing valuation metrics with similar companies.
Peers
Northern High Related Equities
| ABHYX | High Yield | 0.34 | ||||
| PRFHX | T Rowe | 0.18 | ||||
| NHFIX | Northern High | 0.49 | ||||
| NOITX | Northern Intermediate | 0.72 | ||||
| NOTEX | Northern Tax | 0.84 |
Other Information on Investing in Northern Mutual Fund
Northern High financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern High security.
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