American High Income Municipal Fund Manager Performance Evaluation
| AHICX Fund | USD 15.57 0.03 0.19% |
The fund shows a Beta (market volatility) of -0.098, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning American High-income are expected to decrease at a much lower rate. During the bear market, American High-income is likely to outperform the market.
Risk-Adjusted Performance
5 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in American High Income Municipal are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, American High-income is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of October 2022 | |
| Expense Ratio | 1.3800 |
American |
American High-income Relative Risk vs. Return Landscape
If you would invest 1,538 in American High Income Municipal on September 2, 2024 and sell it today you would earn a total of 19.00 from holding American High Income Municipal or generate 1.24% return on investment over 90 days. American High Income Municipal is currently producing 0.0195% returns and takes up 0.2581% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than American, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
American High-income Current Valuation
Overvalued
Today
Please note that American High-income's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. American High Income shows a prevailing Real Value of $14.99 per share. The current price of the fund is $15.57. We determine the value of American High Income from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since American High-income is currently traded on the exchange, buyers and sellers on that exchange determine the market value of American Mutual Fund. However, American High-income's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 15.57 | Real 14.99 | Hype 15.57 |
The intrinsic value of American High-income's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence American High-income's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of American High Income Municipal helps investors to forecast how American mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of American High-income more accurately as focusing exclusively on American High-income's fundamentals will not take into account other important factors: American High-income Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for American High-income's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as American High Income Municipal, and traders can use it to determine the average amount a American High-income's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0756
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AHICX |
Estimated Market Risk
| 0.26 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 5 95% of assets perform better |
Based on monthly moving average American High-income is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of American High-income by adding it to a well-diversified portfolio.
American High-income Fundamentals Growth
American Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of American High-income, and American High-income fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on American Mutual Fund performance.
| Total Asset | 125.92 M | ||||
About American High-income Performance
Evaluating American High-income's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if American High-income has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if American High-income has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to 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.Things to note about American High Income performance evaluation
Checking the ongoing alerts about American High-income for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for American High Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund holds about 5.86% of its assets under management (AUM) in fixed income securities |
- Analyzing American High-income's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether American High-income's stock is overvalued or undervalued compared to its peers.
- Examining American High-income's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating American High-income's management team can have a significant impact on its success or failure. Reviewing the track record and experience of American High-income's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of American High-income's mutual fund. These opinions can provide insight into American High-income's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in American Mutual Fund
American High-income financial ratios help investors to determine whether American Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in American with respect to the benefits of owning American High-income security.
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |