American High Income Municipal Fund Minimum Initial Investment
| AMHIX Fund | USD 14.90 0.02 0.13% |
American High Income Municipal fundamentals help investors to digest information that contributes to American High-income's financial success or failures. It also enables traders to predict the movement of American Mutual Fund. The fundamental analysis module provides a way to measure American High-income's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to American High-income mutual fund.
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American High Income Municipal Mutual Fund Minimum Initial Investment Analysis
American High-income's Minimum Initial Investment refers to minimum amount the fund family or category will require an investor to deposit to acquire the very first position in the fund or to open an account. In other words, Minimum Initial Investment is a guarantee that any investment from a purchaser of a fund meets the minimum requirement of the fund.
More About Minimum Initial Investment | All Equity Analysis
Minimum Initial Investment | = | First Fund Deposit |
Fund managers put minimum investment restrictions on fund investments in order to allow the fund to function properly. Minimum restrictions allow fund managers to regulate cash flows of the fund, while guarding it against random trades that may negatively affect fund strategy.
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Based on the recorded statements, American High Income Municipal has a Minimum Initial Investment of 0.0. This is 100.0% lower than that of the American Funds family and about the same as High Yield Muni (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
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Fund Asset Allocation for American High-income
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in stocks, cash and bonds.Asset allocation divides American High-income's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
American Fundamentals
| Total Asset | 4.84 B | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 0.71 % | ||||
| One Year Return | 4.73 % | ||||
| Three Year Return | (0.43) % | ||||
| Five Year Return | 2.17 % | ||||
| Ten Year Return | 5.22 % | ||||
| Net Asset | 9.7 B | ||||
| Cash Position Weight | 1.95 % | ||||
| Equity Positions Weight | 0.15 % | ||||
| Bond Positions Weight | 5.86 % |
About American High-income Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze American High Income Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of American High-income using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of American High Income Municipal based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with American High-income
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American High-income position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American High-income will appreciate offsetting losses from the drop in the long position's value.Moving together with American Mutual Fund
| 0.79 | AMECX | Income Fund | PairCorr |
| 0.81 | RNEBX | New World Fund | PairCorr |
| 0.82 | AMFCX | American Mutual | PairCorr |
| 0.82 | AMFFX | American Mutual | PairCorr |
| 0.82 | RNCCX | American Funds Me | PairCorr |
The ability to find closely correlated positions to American High-income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American High-income when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American High-income - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American High Income Municipal to buy it.
The correlation of American High-income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American High-income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American High-income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American High-income can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.