American High Income Municipal Fund Net Asset

AMHIX Fund  USD 15.08  0.01  0.07%   
American High Income Municipal fundamentals help investors to digest information that contributes to American High'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'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 mutual fund.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

American Net Asset Analysis

American High's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

Net Asset

 = 

Current Market Value

-

Current Liabilities

More About Net Asset | All Equity Analysis

Current American High Net Asset

    
  9.7 B  
Most of American High's fundamental indicators, such as Net Asset, 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.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Competition

American High Net Asset Component Assessment

Based on the recorded statements, American High Income Municipal has a Net Asset of 9.7 B. This is 88.03% lower than that of the American Funds family and significantly higher than that of the High Yield Muni category. The net asset for all United States funds is notably lower than that of the firm.

American Net Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses American High's direct or indirect competition against its Net Asset 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 could also be used in its relative valuation, which is a method of valuing American High by comparing valuation metrics of similar companies.
American High is fifth largest fund in net asset among similar funds.

Fund Asset Allocation for American High

The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in stocks, cash and bonds.
Asset allocation divides American High'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

About American High 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 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.
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.

Pair Trading with American High

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 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 will appreciate offsetting losses from the drop in the long position's value.

Moving together with American Mutual Fund

  0.78USG USCF Gold Strategy Symbol ChangePairCorr
  0.83AMECX Income FundPairCorr
  0.84REJTX American Funds 2015PairCorr
  0.88RNEBX New World FundPairCorr
  0.87AMFCX American Mutual FundPairCorr
The ability to find closely correlated positions to American High 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 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 - 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 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 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 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.
Pair CorrelationCorrelation Matching
Check out American High Piotroski F Score and American High Altman Z Score analysis.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Global Correlations
Find global opportunities by holding instruments from different markets
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
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.