American High Income Fund Market Value
| RITEX Fund | USD 9.86 0.02 0.20% |
| 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in American High on October 27, 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 30 days. American High is related to or competes with Pnc Emerging, Aqr Long-short, Sp Midcap, Ep Emerging, Origin Emerging, Crossmark Steward, and Artisan Emerging. 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 | 0.1769 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 0.9317 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.3125 |
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 | 0.1291 | |||
| Jensen Alpha | 0.0293 | |||
| Total Risk Alpha | 1.0E-4 | |||
| Sortino Ratio | (0.51) | |||
| Treynor Ratio | (1.94) |
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 Income Backtested Returns
At this stage we consider American Mutual Fund to be very steady. American High Income secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the fund had a 0.2% return per unit of standard deviation over the last 3 months. We have found twenty-six 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 0.1291, and Risk Adjusted Performance of 0.1291 to double-check if the risk estimate we provide is consistent with the expected return of 0.036%. The fund shows a Beta (market volatility) of -0.0142, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning American High are expected to decrease at a much lower rate. During the bear market, American High is likely to outperform the market.
Auto-correlation | 0.38 |
Below average predictability
American High Income has below average predictability. Overlapping area represents the amount of predictability between American High time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Income price movement. The serial correlation of 0.38 indicates that just about 38.0% of current American High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American High Income 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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in American Mutual Fund
American High 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 security.
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