American High Income Fund Market Value
| RITFX Fund | USD 9.39 0.01 0.11% |
| Symbol | American |
American High 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to American High's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of American High.
| 01/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in American High on January 21, 2024 and sell it all today you would earn a total of 0.00 from holding American High Income or generate 0.0% return on investment in American High over 90 days. American High is related to or competes with Income Fund, New World, American Mutual, American Mutual, American Funds, American Funds, and Income Fund. The fund invests primarily in higher yielding and generally lower quality debt securities , including corporate loan obl... More
American High Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure American High's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess American High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2811 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.16 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3209 |
American High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American High's standard deviation. In reality, there are many statistical measures that can use American High historical prices to predict the future American High's volatility.| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | (0.0008) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | 0.0493 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
American High Me Backtested Returns
We consider American High very steady. American High Me secures Sharpe Ratio (or Efficiency) of 0.054, which signifies that the fund had a 0.054% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American High Income, which you can use to evaluate the volatility of the entity. Please confirm American High's mean deviation of 0.1666, and Risk Adjusted Performance of 0.0143 to double-check if the risk estimate we provide is consistent with the expected return of 0.0121%. The fund shows a Beta (market volatility) of 0.0322, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American High's returns are expected to increase less than the market. However, during the bear market, the loss of holding American High is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
American High Income has very good reverse predictability. Overlapping area represents the amount of predictability between American High time series from 21st of January 2024 to 6th of March 2024 and 6th of March 2024 to 20th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of American High Me price movement. The serial correlation of -0.68 indicates that around 68.0% of current American High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American High Me lagged returns against current returns
Autocorrelation, which is American High mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting American High's mutual fund expected returns. We can calculate the autocorrelation of American High returns to help us make a trade decision. For example, suppose you find that American High has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
American High regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If American High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
American High Lagged Returns
When evaluating American High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American High mutual fund have on its future price. American High autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, American High autocorrelation shows the relationship between American High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in American High Income.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards American High in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, American High's short interest history, or implied volatility extrapolated from American High options trading.
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Check out American High Correlation, American High Volatility and American High Alpha and Beta module to complement your research on American High. Note that the American High Me information on this page should be used as a complementary analysis to other American High's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
American High technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.