American High Income Fund Buy Hold or Sell Recommendation

AHITX Fund  USD 9.57  0.01  0.10%   
Assuming the 90 days horizon and your highly speculative risk level, our recommendation regarding American High Income is 'Buy'. Macroaxis provides American High buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AHITX positions. The advice algorithm takes into account all of American High's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting American High's buy or sell advice are summarized below:
Real Value
9.54
Hype Value
9.57
Market Value
9.57
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell American High Income given historical horizon and risk tolerance towards American High. When Macroaxis issues a 'buy' or 'sell' recommendation for American High Income, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out American High Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual funds such as American and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards American High Income. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Execute American High Buy or Sell Advice

The American recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on American High Income. Macroaxis does not own or have any residual interests in American High Income or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute American High's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell American HighBuy American High
Buy

Market Performance

GoodDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon American High Income has a Risk Adjusted Performance of 0.0849, Jensen Alpha of 0.0049, Total Risk Alpha of (0.02), Sortino Ratio of (0.33) and Treynor Ratio of 0.1504
We provide trade advice to complement the prevailing expert consensus on American High Income. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the fund's potential to grow using all technical and fundamental data available at the time. Use American High Income total asset and ten year return to ensure your buy or sell decision on American High Income is adequate.

American High Trading Alerts and Improvement Suggestions

Latest headline from news.google.com: Top 3 High-Yield Bond Mutual Funds for 2024 Fidelity, Payden, American Funds Lead - BNN Breaking
The fund holds about 5.88% of its assets under management (AUM) in cash

American High Returns Distribution Density

The distribution of American High's historical returns is an attempt to chart the uncertainty of American High's future price movements. The chart of the probability distribution of American High daily returns describes the distribution of returns around its average expected value. We use American High Income price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of American High returns is essential to provide solid investment advice for American High.
Mean Return
0.04
Value At Risk
-0.42
Potential Upside
0.32
Standard Deviation
0.21
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of American High historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

American High Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to American High or American Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that American High's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a American fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0
β
Beta against NYSE Composite0.19
σ
Overall volatility
0.20
Ir
Information ratio -0.45

American High Volatility Alert

American High Income exhibits very low volatility with skewness of -0.61 and kurtosis of 1.41. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure American High's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact American High's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

American High Fundamentals Vs Peers

Comparing American High's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze American High's direct or indirect competition across all of the common fundamentals between American High and the related equities. This way, we can detect undervalued stocks with similar characteristics as American High or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of American High's fundamental indicators could also be used in its relative valuation, which is a method of valuing American High by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare American High to competition
FundamentalsAmerican HighPeer Average
Annual Yield0.07 %0.29 %
Year To Date Return2.00 %0.39 %
One Year Return12.80 %4.15 %
Three Year Return3.24 %3.60 %
Five Year Return4.68 %3.24 %
Ten Year Return5.04 %1.79 %
Net Asset17.9 B4.11 B
Last Dividend Paid0.030.65
Cash Position Weight5.88 %10.61 %
Equity Positions Weight3.22 %63.90 %
Bond Positions Weight12.71 %11.24 %

American High Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as American . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About American High Buy or Sell Advice

When is the right time to buy or sell American High Income? Buying financial instruments such as American Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having American High in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Hedge Favorites Thematic Idea Now

Hedge Favorites
Hedge Favorites Theme
Hedge Funds pool capital from accredited individuals or institutional investors and invest in a variety of assets, often with complex portfolio-construction and risk-management techniques. The Hedge Favorites theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Hedge Favorites Theme or any other thematic opportunities.
View All  Next Launch
Check out American High Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for American Mutual Fund analysis

When running American High's price analysis, check to measure American High's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American High is operating at the current time. Most of American High's value examination focuses on studying past and present price action to predict the probability of American High's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American High's price. Additionally, you may evaluate how the addition of American High to your portfolios can decrease your overall portfolio volatility.
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
CEOs Directory
Screen CEOs from public companies around the world
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Transaction History
View history of all your transactions and understand their impact on performance
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Please note, there is a significant difference between American High's value and its price as these two are different measures arrived at by different means. Investors typically determine if American High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.