American High Financial Statements From 2010 to 2024
| AMHIX Fund | USD 14.85 0.01 0.07% |
Check American High financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among American main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . American financial statements analysis is a perfect complement when working with American High Valuation or Volatility modules.
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American High Income Municipal Mutual Fund Five Year Return Analysis
American High's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current American High Five Year Return | 2.17 % |
Most of American High's fundamental indicators, such as Five Year 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.
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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According to the company disclosure, American High Income Municipal has a Five Year Return of 2.1723%. This is 46.78% higher than that of the American Funds family and significantly higher than that of the High Yield Muni category. The five year return for all United States funds is notably lower than that of the firm.
American High Me Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining American High's current stock value. Our valuation model uses many indicators to compare American High value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across American High competition to find correlations between indicators driving American High's intrinsic value. More Info.American High Income Municipal is the top fund in annual yield among similar funds. It is the top fund in year to date return among similar funds creating about 132.11 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value American High by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for American High's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the American High's earnings, one of the primary drivers of an investment's value.About American High Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include American High income statement, its balance sheet, and the statement of cash flows. American High investors use historical funamental indicators, such as American High's revenue or net income, to determine how well the company is positioned to perform in the future. Although American High investors may use each financial statement separately, they are all related. The changes in American High's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on American High's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on American High Financial Statements. Understanding these patterns can help to make the right decision on long term investment in American High. Please read more on our technical analysis and fundamental analysis pages.
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
| 0.79 | AMECX | Income Fund Potential Growth | PairCorr |
| 0.81 | RNEBX | New World Fund | PairCorr |
| 0.82 | AMFCX | American Mutual | PairCorr |
| 0.82 | AMFFX | American Mutual | PairCorr |
| 0.82 | RNCCX | American Funds Me | PairCorr |
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 Me 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.Check out the analysis of American High Correlation against competitors. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.