High Yield Financials
| AYMCX Fund | USD 8.70 0.03 0.34% |
High |
Please note that past performance is not an indicator of the future performance of High Yield, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
High Yield Fund Summary
High Yield competes with Blackrock Health, Eventide Healthcare, Alger Health, Hartford Healthcare, and Invesco Global. The fund invests in municipal and other debt securities with an emphasis on high-yield securities. Under normal market conditions, the portfolio managers invest at least 80 percent of the funds net assets in municipal securities with interest payments exempt from federal income tax. Some of these investments in municipal securities are not necessarily exempt from the federal alternative minimum tax.Specialization | High Yield Muni, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | American Century Municipal |
| Mutual Fund Family | American Century Investments |
| Mutual Fund Category | High Yield Muni |
| Benchmark | NYSE Composite |
| Phone | 800 345 2021 |
| Currency | USD - US Dollar |
You should never invest in High Yield Municipal Fund without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of High Mutual Fund, because this is throwing your money away. Analyzing the key information contained in High Yield's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
High Yield Key Financial Ratios
Generally speaking, High Yield's financial ratios allow both analysts and investors to convert raw data from High Yield's financial statements into concise, actionable information that can be used to evaluate the performance of High Yield over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that High Yield Municipal reports annually and quarterly.High Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining High Yield's current stock value. Our valuation model uses many indicators to compare High Yield value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across High Yield competition to find correlations between indicators driving High Yield's intrinsic value. More Info.High Yield Municipal Fund is the top fund in annual yield among similar funds. It is the top fund in year to date return among similar funds creating about 162.59 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value High Yield by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for High Yield's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the High Yield's earnings, one of the primary drivers of an investment's value.High Yield Municipal Systematic Risk
High Yield's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. High Yield volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on High Yield Municipal correlated with the market. If Beta is less than 0 High Yield generally moves in the opposite direction as compared to the market. If High Yield Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one High Yield Municipal is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of High Yield is generally in the same direction as the market. If Beta > 1 High Yield moves generally in the same direction as, but more than the movement of the benchmark.
High Yield April 18, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of High Yield help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of High Yield Municipal Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of High Yield Municipal Fund based on widely used predictive technical indicators. In general, we focus on analyzing High Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build High Yield's daily price indicators and compare them against related drivers.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.3444 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in High Yield Municipal Fund. 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 main economic indicators. Note that the High Yield Municipal information on this page should be used as a complementary analysis to other High Yield'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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.