American High-income Ten Year Return vs. Bond Positions Weight

AMHIX Fund  USD 15.08  0.01  0.07%   
Based on the measurements of profitability obtained from American High-income's financial statements, American High Income Municipal may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in April. Profitability indicators assess American High-income's ability to earn profits and add value for shareholders.
For American High-income profitability analysis, we use financial ratios and fundamental drivers that measure the ability of American High-income to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well American High Income Municipal utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between American High-income's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of American High Income Municipal over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between American High-income's value and its price as these two are different measures arrived at by different means. Investors typically determine if American High-income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American High-income'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.

American High-income Bond Positions Weight vs. Ten Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining American High-income's current stock value. Our valuation model uses many indicators to compare American High-income value to that of its competitors to determine the firm's financial worth.
American High Income Municipal is the top fund in ten year return among similar funds. It is the top fund in bond positions weight among similar funds creating about  1.12  of Bond Positions Weight per Ten Year Return. . Comparative valuation analysis is a catch-all model that can be used if you cannot value American High-income by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for American High-income's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the American High-income's earnings, one of the primary drivers of an investment's value.

American Bond Positions Weight vs. Ten Year Return

Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.

American High-income

Ten Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
5.22 %
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.

American High-income

Bond Percentage

 = 

% of Bonds

in the fund

 = 
5.86 %
Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.

American Bond Positions Weight Comparison

American High is currently under evaluation in bond positions weight among similar funds.

American High-income Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in American High-income, profitability is also one of the essential criteria for including it into their portfolios because, without profit, American High-income will eventually generate negative long term returns. The profitability progress is the general direction of American High-income's change in net profit over the period of time. It can combine multiple indicators of American High-income, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Under normal circumstances, the fund will invest at least 80 percent of its assets in, or derive at least 80 percent of its income from, securities that are exempt from regular federal income tax and may subject the investors to alternative minimum tax. It may invest, without limitation, in securities that may subject the investors to federal alternative minimum tax. The fund invests at least 50 percent of its portfolio in debt securities rated BBB or below or Baa1 or below, or unrated but determined by the funds investment adviser to be of equivalent quality.

American Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on American High-income. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of American High-income position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the American High-income's important profitability drivers and their relationship over time.

Use American High-income in pair-trading

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 American High-income 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 American High-income will appreciate offsetting losses from the drop in the long position's value.

American High-income Pair Trading

American High Income Municipal Pair Trading Analysis

The ability to find closely correlated positions to American High-income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American High-income 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 American High-income - 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 American High Income Municipal to buy it.
The correlation of American High-income 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 American High-income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American High-income 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 American High-income 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

Use Investing Themes to Complement your American High-income position

In addition to having American High-income 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.

Did You Try This Idea?

Run Alternative Energy Thematic Idea Now

Alternative Energy
Alternative Energy Theme
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 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 Alternative Energy Theme or any other thematic opportunities.
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You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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To fully project American High-income's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of American High-income at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include American High-income's income statement, its balance sheet, and the statement of cash flows.
Potential American High-income investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although American High-income investors may work on each financial statement separately, they are all related. The changes in American High-income's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on American High-income's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.