American High Technical Analysis

American High Income Municipal Bond A -- USA Fund  

USD 15.92  0.02  0.13%

American High Income Municipal Bond A shows Mean Deviation of 0.0502 and Risk Adjusted Performance of (0.032865). 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 nineteen 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, Variance as well as the relationship between Variance and Potential Upside to decide if American High Income is priced correctly providing market reflects its regular price of 15.92 per share.
Investment Horizon     30 Days    Login   to change

American High Income Trend Analysis

Use 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 Line

The 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 0.003554 % which means American High Income Municipal Bond A will continue generating value for investors. It has 34 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted American High price change compared to its average price change.

Did you try this?

Run Alpha Finder Now
   

Alpha Finder

Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Hide  View All  Next  Launch Alpha Finder
American High Income Municipal Bond A is rated below average in mean deviation among similar funds. It is currently under evaluation in standard deviation among similar funds creating about  1.62  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for American High Income Municipal Bond A is roughly  1.62 

One Year Return

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.
  Year Return 
      American High Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.