American High Income Municipal Fund Year To Date Return
| AHMFX Fund | USD 14.83 0.01 0.07% |
American High Income Municipal fundamentals help investors to digest information that contributes to American High-income's financial success or failures. It also enables traders to predict the movement of American Mutual Fund. The fundamental analysis module provides a way to measure American High-income's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to American High-income mutual fund.
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American High Income Municipal Mutual Fund Year To Date Return Analysis
American High-income's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current American High-income Year To Date Return | 0.66 % |
Most of American High-income's fundamental indicators, such as Year To Date Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, American High Income Municipal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
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In accordance with the company's disclosures, American High Income Municipal has a Year To Date Return of 0.6566%. This is much higher than that of the American Funds family and significantly higher than that of the High Yield Muni category. The year to date return for all United States funds is notably lower than that of the firm.
American Year To Date Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses American High-income's direct or indirect competition against its Year To Date Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of American High-income could also be used in its relative valuation, which is a method of valuing American High-income by comparing valuation metrics of similar companies.American High is currently under evaluation in year to date return among similar funds.
Fund Asset Allocation for American High-income
The fund consists of 97.52% investments in fixed income securities, with the rest of funds allocated in stocks, cash and various exotic instruments.Asset allocation divides American High-income's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
American Fundamentals
| Total Asset | 9.99 B | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 0.66 % | ||||
| One Year Return | 6.19 % | ||||
| Three Year Return | (0.32) % | ||||
| Five Year Return | 2.38 % | ||||
| Ten Year Return | 5.41 % | ||||
| Net Asset | 6.04 B | ||||
| Minimum Initial Investment | 250 | ||||
| Cash Position Weight | 2.34 % | ||||
| Equity Positions Weight | 0.11 % | ||||
| Bond Positions Weight | 97.52 % |
About American High-income Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze American High Income Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of American High-income using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of American High Income Municipal 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.
Please read more on our fundamental analysis page.
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-income 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-income's short interest history, or implied volatility extrapolated from American High-income options trading.
Pair Trading with American High-income
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American High-income position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American High-income will appreciate offsetting losses from the drop in the long position's value.Moving together with American Mutual Fund
| 0.72 | AMECX | Income Fund | PairCorr |
| 0.74 | RNEBX | New World Fund | PairCorr |
| 0.79 | AMFCX | American Mutual | PairCorr |
| 0.78 | AMFFX | American Mutual | PairCorr |
| 0.79 | RNCCX | American Funds Me | PairCorr |
The ability to find closely correlated positions to American High-income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American High-income when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American High-income - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American High Income Municipal to buy it.
The correlation of American High-income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American High-income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American High-income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American High-income can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American High Income Municipal. 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 census. Note that the American High-income information on this page should be used as a complementary analysis to other American High-income'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.