High Yield Municipal Fund Price on February 21, 2023
| AYMCX Fund | USD 8.70 0.01 0.11% |
Below is the normalized historical share price chart for High Yield Municipal Fund extending back to February 07, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of High-yield Municipal stands at 8.70, as last reported on the 25th of April, with the highest price reaching 8.70 and the lowest price hitting 8.70 during the day.
If you're considering investing in High-yield Mutual Fund, it is important to understand the factors that can impact its price. We consider High-yield Municipal very steady. High Yield Municipal holds Efficiency (Sharpe) Ratio of 0.0672, which attests that the entity had a 0.0672% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for High Yield Municipal, which you can use to evaluate the volatility of the entity. Please check out High-yield Municipal's Market Risk Adjusted Performance of 0.0852, risk adjusted performance of 0.0339, and Downside Deviation of 0.3549 to validate if the risk estimate we provide is consistent with the expected return of 0.0171%.
High-yield Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
High-yield |
Sharpe Ratio = 0.0672
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AYMCX |
Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average High-yield Municipal is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of High-yield Municipal by adding it to a well-diversified portfolio.
High-yield Municipal Valuation on February 21, 2023
It is possible to determine the worth of High-yield Municipal on a given historical date. On February 21, 2023 High-yield was worth 8.65 at the beginning of the trading date compared to the closed value of 8.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of High-yield Municipal mutual fund. Still, in general, we apply an absolute valuation method to find High-yield Municipal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of High-yield Municipal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against High-yield Municipal's related companies.
| Open | High | Low | Close | Volume | |
| 8.70 | 8.70 | 8.38 | 8.38 | 1.00 | |
02/21/2023 | 8.65 | 8.65 | 8.33 | 8.33 | 1.00 |
| 8.65 | 8.65 | 8.33 | 8.33 | 1.00 |
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High-yield Municipal Trading Date Momentum on February 21, 2023
| On February 22 2023 High Yield Municipal Fund was traded for 8.33 at the closing time. The highest daily price throughout the period was 8.65 and the lowest price was 8.33 . There was no trading activity during the period 1.0. Lack of trading volume on 02/22/2023 did not cause price change. The trading delta at closing time to current closing price is 3.24% . |
High Yield Municipal Fundamentals Correlations and Trends
By evaluating High-yield Municipal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among High-yield Municipal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. High-yield financial account trend analysis is a perfect complement when working with valuation or volatility modules.About High-yield Municipal Mutual Fund history
High-yield Municipal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for High-yield is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in High Yield Municipal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing High-yield Municipal stock prices may prove useful in developing a viable investing in High-yield Municipal
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.
High-yield Municipal Mutual Fund Technical Analysis
High-yield Municipal technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
High-yield Municipal Period Price Range
Low | February 21, 2023
| High |
8.65 | 8.33 |
High-yield Municipal April 25, 2024 Market Strength
Market strength indicators help investors to evaluate how High-yield Municipal mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading High-yield Municipal shares will generate the highest return on investment. By undertsting and applying High-yield Municipal mutual fund market strength indicators, traders can identify High Yield Municipal Fund entry and exit signals to maximize returns
High-yield Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for High-yield Municipal's price direction in advance. Along with the technical and fundamental analysis of High-yield Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of High-yield to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0339 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | 0.0752 |
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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 Municipal'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.