Alpine High Yield Fund Three Year Return
| AHYMX Fund | USD 9.06 0.01 0.11% |
Alpine High Yield fundamentals help investors to digest information that contributes to Alpine High's financial success or failures. It also enables traders to predict the movement of Alpine Mutual Fund. The fundamental analysis module provides a way to measure Alpine High's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Alpine High mutual fund.
Alpine |
Alpine High Yield Mutual Fund Three Year Return Analysis
Alpine High's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Alpine High Three Year Return | (1.35) % |
Most of Alpine High's fundamental indicators, such as Three Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alpine High Yield is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
| Competition |
Based on the latest financial disclosure, Alpine High Yield has a Three Year Return of -1.3472%. This is much lower than that of the Aberdeen family and significantly lower than that of the High Yield Muni category. The three year return for all United States funds is notably higher than that of the company.
Alpine Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alpine High's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Alpine High could also be used in its relative valuation, which is a method of valuing Alpine High by comparing valuation metrics of similar companies.Alpine High is currently under evaluation in three year return among similar funds.
Fund Asset Allocation for Alpine High
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds and cash equivalents.Asset allocation divides Alpine High's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Alpine Fundamentals
| Total Asset | 126.84 M | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 0.48 % | ||||
| One Year Return | 1.94 % | ||||
| Three Year Return | (1.35) % | ||||
| Five Year Return | 0.58 % | ||||
| Net Asset | 136.28 M | ||||
| Last Dividend Paid | 0.02 | ||||
| Cash Position Weight | 4.65 % | ||||
| Bond Positions Weight | 2.28 % |
About Alpine High Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alpine High Yield's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alpine High using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alpine High Yield based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alpine High in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alpine High's short interest history, or implied volatility extrapolated from Alpine High options trading.
Pair Trading with Alpine High
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alpine High position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alpine High will appreciate offsetting losses from the drop in the long position's value.Moving together with Alpine Mutual Fund
| 0.81 | ABESX | Aberdeen Tax Free | PairCorr |
| 0.69 | JETIX | Aberdeen Select Inte | PairCorr |
Moving against Alpine Mutual Fund
| 0.46 | PFHCX | Pacific Funds Small | PairCorr |
The ability to find closely correlated positions to Alpine High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpine High when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alpine High - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alpine High Yield to buy it.
The correlation of Alpine High is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alpine High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpine High Yield moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alpine High can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpine High Yield. 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 population. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.