Collecting data for ABHFX
The fund shows Beta (market volatility) of -0.01 which signifies that as returns on market increase, returns on owning American are expected to decrease at a much smaller rate. During bear market, American is likely to outperform the market.. Even though it is essential to pay attention to American HighIncome
historical returns, it is always good to be careful when utilizing equity current trading patterns. Macroaxis philosophy in foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. American HighIncome Municipal Bond F1 exposes twenty-one different technical indicators which can help you to evaluate its performance.
Relative Risk vs. Return Landscape
If you would invest 1,436
in American HighIncome Municipal Bond F1 on November 9, 2013
and sell it today you would lose (3.00)
from holding American HighIncome Municipal Bond F1 or give up 0.21%
of portfolio value over 30
days. American HighIncome Municipal Bond F1 is currently producing negative expected returns and takes up 0.09% volatility of returns over 30 trading days. Put another way, 0% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, American HighIncome Municipal Bond F1 is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 5.11 times less risky than the market. the firm trades about -0.11 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.22 of returns per unit of risk over similar time horizon.
American Manager Realized Returns
The manager began his professional career 14 years ago 6 years with Capital Research and Management Company or affiliate.. . Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax
Over the last 30 days American HighIncome Municipal Bond F1 has generated negative risk-adjusted returns adding no value to investors with long positions. More Info
December 9, 2013
1 Month Efficiency (a.k Sharpe Ratio) ...
Based on monthly moving average American is performing at about 0% 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
by adding it to a well-diversified