## American High Technical Analysis |

American High Income Municipal Bond A -- USA Fund | ## USD 15.68 0.03 0.19% |

American High Income Municipal Bond A shows Mean Deviation of 0.0509 and Risk Adjusted Performance of 0.18. American High Income technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity future prices. In plain English you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for American High Income Municipal Bond A which can be compared to its rivals. Please confirm American High Income Market Risk Adjusted Performance, Variance as well as the relationship between Variance and Potential Upside to decide if American High Income is priced correctly providing market reflects its regular price of 15.68 per share.

Time Horizon | 30 Days Login to change |

## American High Income Technical Analysis

The output start index for this execution was one with a total number of output elements of sixteen. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of American High Income volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

## American High Income Trend Analysis

Use this graph to draw trend lines for American High Income Municipal Bond A. You can use it to identify possible trend reversals for American High as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual American High price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.## American High Best Fit Change Line

The following chart estimates an ordinary least squares regression model for American High Income Municipal Bond A applied against its price change over selected period. The best fit line has a slop of 0.000833 % which may suggest that American High Income Municipal Bond A market price will keep on failing further. It has 34 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted American High price change compared to its average price change.## Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |

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**below average**in mean deviation among similar funds. It is currently under evaluation in standard deviation among similar funds creating about 1.52 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for American High Income Municipal Bond A is roughly 1.52

## Technical Drivers

American High March 19, 2018 Technical Indicators

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Overlap Studies | |

Pattern Recognition | |

Price Transform | |

Statistic Functions | |

Volatility Indicators | |

Volume Indicators |

Risk Adjusted Performance | 0.18 | ||

Market Risk Adjusted Performance | 2.75 | ||

Mean Deviation | 0.0509 | ||

Coefficient Of Variation | 2,699 | ||

Standard Deviation | 0.0775 | ||

Variance | 0.006 | ||

Information Ratio | 0.7341 | ||

Jensen Alpha | 0.013199 | ||

Total Risk Alpha | 0.008041 | ||

Treynor Ratio | 2.74 | ||

Maximum Drawdown | 0.2553 | ||

Value At Risk | 0.13 | ||

Potential Upside | 0.1277 | ||

Skewness | 0.079237 | ||

Kurtosis | 0.15 |

## One Year Return

American High Income One Year Return

Based on recorded statements American High Income Municipal Bond A has One Year Return of 10.65%. This is 347.48% higher than that of the American Funds family, and 15.17% lower than that of High Yield Muni category, The One Year Return for all funds is 363.04% lower than the firm.

Year Return |

## Fundamentals Correlations

Analyze American High Fundamentals Trends

## American High Market Strength

American High March 19, 2018 Daily Price Condition

Accumulation Distribution | 0.00 |

Daily Balance Of Power | Huge |

Rate Of Daily Change | 1.00 |

Day Median Price | 15.68 |

Day Typical Price | 15.68 |

Price Action Indicator | 0.015 |