High Yield Municipal Fund Net Asset

AYMAX Fund  USD 8.83  0.02  0.23%   
High Yield Municipal Fund fundamentals help investors to digest information that contributes to High Yield's financial success or failures. It also enables traders to predict the movement of High Mutual Fund. The fundamental analysis module provides a way to measure High Yield'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 High Yield mutual fund.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

High Net Asset Analysis

High Yield's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

Net Asset

 = 

Current Market Value

-

Current Liabilities

More About Net Asset | All Equity Analysis

Current High Yield Net Asset

    
  672.37 M  
Most of High Yield's fundamental indicators, such as Net Asset, 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, High Yield Municipal Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Competition

High Yield Net Asset Component Assessment

Based on the recorded statements, High Yield Municipal Fund has a Net Asset of 672.37 M. This is 62.26% lower than that of the Category family and significantly higher than that of the High Yield Muni category. The net asset for all United States funds is notably lower than that of the firm.

High Net Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses High Yield's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of High Yield could also be used in its relative valuation, which is a method of valuing High Yield by comparing valuation metrics of similar companies.
High Yield is currently under evaluation in net asset among similar funds.

Fund Asset Allocation for High Yield

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 High Yield'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.

High Fundamentals

About High Yield Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze High Yield Municipal Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of High Yield using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of High Yield Municipal Fund 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.
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.

Pair Trading with High Yield

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 High Yield 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 High Yield will appreciate offsetting losses from the drop in the long position's value.

Moving together with High Mutual Fund

  0.75TWCGX Growth Fund InvestorPairCorr
  0.82TWBIX Balanced Fund InvestorPairCorr
  0.75TWGIX Growth Fund IPairCorr
  0.75TWRCX Growth Fund CPairCorr
The ability to find closely correlated positions to High Yield could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace High Yield 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 High Yield - 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 High Yield Municipal Fund to buy it.
The correlation of High Yield 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 High Yield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if High-yield Municipal Fund 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 High Yield 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.
Pair CorrelationCorrelation Matching
Check out High Yield Piotroski F Score and High Yield Altman Z Score analysis.
Note that the High-yield Municipal Fund 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for High Mutual Fund analysis

When running High Yield's price analysis, check to measure High Yield's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy High Yield is operating at the current time. Most of High Yield's value examination focuses on studying past and present price action to predict the probability of High Yield's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Yield's price. Additionally, you may evaluate how the addition of High Yield to your portfolios can decrease your overall portfolio volatility.
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Please note, there is a significant difference between High Yield's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Yield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Yield's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.