As of 20 of January American High shows Mean Deviation of 0.0677 and Risk Adjusted Performance of 0.4072. American High Income technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity future prices. In plain English you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found eighteen technical drivers for American High Income Municipal Bond A which can be compared to its rivals. Please confirm American High Income Market Risk Adjusted Performance, Information Ratio as well as the relationship between Information Ratio and Downside Variance to decide if American High Income is priced correctly providing market reflects its regular price of 15.65 per share.
|Horizon||30 Days Login to change|
American High Income Technical Analysis
American High Income Trend AnalysisUse this graph to draw trend lines for American High Income Municipal Bond A. You can use it to identify possible trend reversals for American High as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual American High price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
American High Best Fit Change LineThe following chart estimates an ordinary least squares regression model for American High Income Municipal Bond A applied against its price change over selected period. The best fit line has a slop of 0.004543 % which means American High Income Municipal Bond A will continue generating value for investors. It has 78 observation points and a regression sum of squares at 0.2, which is the sum of squared deviations for the predicted American High price change compared to its average price change.
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations when you add American High Income Municipal Bond A to your portfolio
|Risk Adjusted Performance||0.4072|
|Market Risk Adjusted Performance||(1.71)|
|Coefficient Of Variation||322.01|
|Total Risk Alpha||0.0221|
|Value At Risk||(0.13)|
|Expected Short fall||(0.13)|
American High Income One Year Return
Based on recorded statements American High Income Municipal Bond A has One Year Return of 10.65%. This is 347.48% higher than that of the American Funds family, and 15.17% lower than that of High Yield Muni category, The One Year Return for all funds is 363.04% lower than the firm.