American High Income Municipal Fund Price on March 1, 2024
| AMHIX Fund | USD 14.94 0.06 0.40% |
Below is the normalized historical share price chart for American High Income Municipal extending back to October 31, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of American High stands at 14.94, as last reported on the 4th of May, with the highest price reaching 14.94 and the lowest price hitting 14.94 during the day.
If you're considering investing in American Mutual Fund, it is important to understand the factors that can impact its price. We consider American High very steady. American High Income secures Sharpe Ratio (or Efficiency) of 0.0886, which signifies that the fund had a 0.0886% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American High Income Municipal, which you can use to evaluate the volatility of the entity. Please confirm American High's risk adjusted performance of 0.0112, and Mean Deviation of 0.1578 to double-check if the risk estimate we provide is consistent with the expected return of 0.017%.
American Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
American |
Sharpe Ratio = 0.0886
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| Negative Returns | AMHIX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average American High is performing at about 6% 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 by adding it to a well-diversified portfolio.
American High Valuation on March 1, 2024
It is possible to determine the worth of American High on a given historical date. On March 1, 2024 American was worth 15.06 at the beginning of the trading date compared to the closed value of 14.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of American High mutual fund. Still, in general, we apply an absolute valuation method to find American High's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of American High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against American High's related companies.
| Open | High | Low | Close | Volume | |
| 15.04 | 15.04 | 14.94 | 14.94 | 1.00 | |
03/01/2024 | 15.06 | 15.06 | 14.96 | 14.96 | 1.00 |
| 15.05 | 15.05 | 14.95 | 14.95 | 1.00 |
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American High Trading Date Momentum on March 1, 2024
| On March 04 2024 American High Income Municipal was traded for 14.95 at the closing time. The highest daily price throughout the period was 15.05 and the lowest price was 14.95 . There was no trading activity during the period 1.0. Lack of trading volume on 03/04/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.07% . The overall trading delta to current closing price is 1.14% . |
American High Income Fundamentals Correlations and Trends
By evaluating American High's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among American High's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. American financial account trend analysis is a perfect complement when working with valuation or volatility modules.About American High Mutual Fund history
American High investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for American is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in American High Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing American High stock prices may prove useful in developing a viable investing in American High
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.
American High Mutual Fund Technical Analysis
American High technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
American High Period Price Range
Low | March 1, 2024
| High |
15.06 | 14.96 |
American High May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how American High mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading American High shares will generate the highest return on investment. By undertsting and applying American High mutual fund market strength indicators, traders can identify American High Income Municipal entry and exit signals to maximize returns
American High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for American High's price direction in advance. Along with the technical and fundamental analysis of American Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of American to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0112 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 0.0034 |
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| Volume Indicators |
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 gross domestic product. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.