American Axle Manufacturing Profile
| 02406PBA7 | 97.98 1.02 1.03% |
Performance1 of 100
| Odds Of DefaultLess than 41
|
AMERICAN AXLE MFG INC 6.875 percent 01Jul2028 is a Senior Unsecured Note issued by the corporate entity on the 9th of June 2020. American is trading at 97.98 as of the 24th of April 2024, a -1.03 percent decrease since the beginning of the trading day. The bond's open price was 99.0. American has about a 41 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Ratings for American Axle Manufacturing are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
American Bond Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. American's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding American or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | American Axle Manufacturing Corporate Bond, Industrial, Manufacturing (View all Sectors) |
| Sub Product Asset | CORP |
| Next Call Date | 1st of July 2023 |
| Coupon Payment Frequency | Semi-Annual |
| Callable | Yes |
| Sub Product Asset Type | Corporate Bond |
| Name | AMERICAN AXLE MFG INC 6.875 percent 01Jul2028 |
| C U S I P | 02406PBA7 |
| Offering Date | 9th of June 2020 |
| Coupon | 6.875 |
| Debt Type | Senior Unsecured Note |
| I S I N | US02406PBA75 |
| Yield To Maturity | 9.45 |
| Price | 90.32 |
American Axle Manufacturing (02406PBA7) is traded in USA.
American Target Price Odds Analysis
What are American's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of American jumping above the current price in 90 days from now is about 62.69%. The American Axle Manufacturing probability density function shows the probability of American bond to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon American has a beta of 0.1656. This usually implies as returns on the market go up, American average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding American Axle Manufacturing will be expected to be much smaller as well. Additionally, american Axle Manufacturing has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of American to move above the current price in 90 days from now is about 62.69 (This American Axle Manufacturing probability density function shows the probability of American Bond to fall within a particular range of prices over 90 days) .
American Axle Manufa Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. American market risk premium is the additional return an investor will receive from holding American long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in American. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although American's alpha and beta are two of the key measurements used to evaluate American's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6411 | |||
| Semi Deviation | 1.17 | |||
| Standard Deviation | 1.2 | |||
| Variance | 1.43 |
American Against Markets
Picking the right benchmark for American bond is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in American bond price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for American is critical whether you are bullish or bearish towards American Axle Manufacturing at a given time. Please also check how American's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in American without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy American Bond?
Before investing in American, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in American. To buy American bond, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of American. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase American bond. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located American Axle Manufacturing bond in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased American Axle Manufacturing bond, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the bond
It's important to note that investing in stocks, such as American Axle Manufacturing, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in bond prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in American Axle Manufacturing?
The danger of trading American Axle Manufacturing is mainly related to its market volatility and Corporate Bond specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of American is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than American. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile American Axle Manufa is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in American Axle Manufacturing. Also, note that the market value of any corporate bond could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the American Axle Manufa information on this page should be used as a complementary analysis to other American's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.