American High Income Municipal Fund Buy Hold or Sell Recommendation

AMHIX Fund  USD 15.23  0.01  0.07%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding American High Income Municipal is 'Cautious Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell American High Income Municipal given historical horizon and risk tolerance towards American High. When Macroaxis issues a 'buy' or 'sell' recommendation for American High Income Municipal, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out American High Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as American and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards American High Income Municipal. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Execute American High Buy or Sell Advice

The American recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on American High Income Municipal. Macroaxis does not own or have any residual interests in American High Income Municipal or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute American High's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell American HighBuy American High
Cautious Hold

Market Performance

OKDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon American High Income Municipal has a Mean Deviation of 0.1624, Semi Deviation of 0.0932, Standard Deviation of 0.2197, Variance of 0.0483, Downside Variance of 0.0512 and Semi Variance of 0.0087
Our trade advice tool can cross-verify current analyst consensus on American High Income and to analyze the fund potential to grow in the current economic cycle. Please makes use of American High total asset and ten year return to make buy, hold, or sell decision on American High Income.

American High Trading Alerts and Improvement Suggestions

Latest headline from news.google.com: Is AMHIX a Strong Bond Fund Right Now - Yahoo Finance
The fund generated three year return of 0.0%
American High Income holds about 5.86% of its assets under management (AUM) in fixed income securities

American High Returns Distribution Density

The distribution of American High's historical returns is an attempt to chart the uncertainty of American High's future price movements. The chart of the probability distribution of American High daily returns describes the distribution of returns around its average expected value. We use American High Income Municipal price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of American High returns is essential to provide solid investment advice for American High.
Mean Return
0.03
Value At Risk
-0.27
Potential Upside
0.40
Standard Deviation
0.22
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of American High historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

American High Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to American High or American Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that American High's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a American fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
0.02
β
Beta against Dow Jones0.04
σ
Overall volatility
0.23
Ir
Information ratio 0.12

American High Volatility Alert

American High Income Municipal exhibits very low volatility with skewness of -0.11 and kurtosis of 1.47. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure American High's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact American High's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

American High Fundamentals Vs Peers

Comparing American High's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze American High's direct or indirect competition across all of the common fundamentals between American High and the related equities. This way, we can detect undervalued stocks with similar characteristics as American High or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of American High's fundamental indicators could also be used in its relative valuation, which is a method of valuing American High by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare American High to competition
FundamentalsAmerican HighPeer Average
Annual Yield0.01 %0.29 %
Year To Date Return3.56 %0.39 %
One Year Return8.18 %4.15 %
Three Year Return(0.19) %3.60 %
Five Year Return2.28 %3.24 %
Ten Year Return5.22 %1.79 %
Net Asset9.7 B4.11 B
Cash Position Weight1.95 %10.61 %
Equity Positions Weight0.15 %63.90 %
Bond Positions Weight5.86 %11.24 %

American High Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as American . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About American High Buy or Sell Advice

When is the right time to buy or sell American High Income Municipal? Buying financial instruments such as American Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having American High in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Railroads
Railroads Theme
Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. The Railroads theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Railroads Theme or any other thematic opportunities.
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Other Information on Investing in American Mutual Fund

American High financial ratios help investors to determine whether American Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in American with respect to the benefits of owning American High security.
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