HIGH-YIELD Mutual Fund Technical Analysis

Mutual Funds USA . 
Fund . HIGH-YIELD MUNICIPAL FUND
AYMAX Fund  USD 8.70  0.02  0.23%   
As of the 21st of March, HIGH-YIELD MUNICIPAL retains the market risk adjusted performance of (0.30), and Risk Adjusted Performance of (0.025409). HIGH-YIELD MUNICIPAL technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze nineteen technical drivers for HIGH-YIELD MUNICIPAL FUND, which can be compared to its competitors. Please check out HIGH-YIELD MUNICIPAL FUND variance, as well as the relationship between the value at risk and skewness to decide if HIGH-YIELD MUNICIPAL is priced fairly, providing market reflects its last-minute price of 8.7 per share.
  

HIGH-YIELD MUNICIPAL Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as HIGH-YIELD, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HIGH-YIELD
Cycles Operators Shifting Impulse Patterns Depth Overlaps Statistics Volatility Volume
HIGH-YIELD MUNICIPAL's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
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.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of HIGH-YIELD MUNICIPAL technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of HIGH-YIELD MUNICIPAL trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

HIGH-YIELD MUNICIPAL FUND Technical Analysis

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The output start index for this execution was ten with a total number of output elements of fifty-one. The Normalized Average True Range is used to analyze tradable apportunities for HIGH-YIELD MUNICIPAL FUND across different markets.
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HIGH-YIELD MUNICIPAL FUND Trend Analysis

Use this graph to draw trend lines for HIGH-YIELD MUNICIPAL FUND. You can use it to identify possible trend reversals for HIGH-YIELD MUNICIPAL 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 HIGH-YIELD MUNICIPAL price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

HIGH-YIELD MUNICIPAL Best Fit Change Line

The following chart estimates an ordinary least squares regression model for HIGH-YIELD MUNICIPAL FUND applied against its price change over selected period. The best fit line has a slop of   0.001  , which may suggest that HIGH-YIELD MUNICIPAL FUND market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.04, which is the sum of squared deviations for the predicted HIGH-YIELD MUNICIPAL price change compared to its average price change.

About HIGH-YIELD MUNICIPAL Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of HIGH-YIELD MUNICIPAL FUND on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of HIGH-YIELD MUNICIPAL FUND based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on HIGH-YIELD MUNICIPAL FUND price pattern first instead of the macroeconomic environment surrounding HIGH-YIELD MUNICIPAL FUND. By analyzing HIGH-YIELD MUNICIPAL's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of HIGH-YIELD MUNICIPAL's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to HIGH-YIELD MUNICIPAL specific price patterns or momentum indicators. Please read more on our technical analysis page.

HIGH-YIELD MUNICIPAL March 21, 2023 Technical Indicators

Most technical analysis of HIGH-YIELD help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for HIGH-YIELD from various momentum indicators to cycle indicators. When you analyze HIGH-YIELD charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators
Risk Adjusted Performance(0.025409)
Market Risk Adjusted Performance(0.30)
Mean Deviation0.2344
Coefficient Of Variation(24,321)
Standard Deviation0.309
Variance0.0955
Information Ratio0.1446
Jensen Alpha(0.009234)
Total Risk Alpha0.0065
Treynor Ratio(0.31)
Maximum Drawdown1.38
Value At Risk(0.46)
Potential Upside0.4587
Skewness(0.11)
Kurtosis(0.00073393)

HIGH-YIELD MUNICIPAL FUND One Year Return

Based on the recorded statements, HIGH-YIELD MUNICIPAL FUND has an One Year Return of -1.91%. This is much higher than that of the American Century Investments family and significantly lower than that of the High Yield Muni category. The one year return for all United States funds is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Please continue to Trending Equities. Note that the HIGH-YIELD MUNICIPAL FUND 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running HIGH-YIELD MUNICIPAL FUND price analysis, check to measure HIGH-YIELD MUNICIPAL'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 MUNICIPAL is operating at the current time. Most of HIGH-YIELD MUNICIPAL's value examination focuses on studying past and present price action to predict the probability of HIGH-YIELD MUNICIPAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move HIGH-YIELD MUNICIPAL's price. Additionally, you may evaluate how the addition of HIGH-YIELD MUNICIPAL to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between HIGH-YIELD MUNICIPAL's value and its price as these two are different measures arrived at by different means. Investors typically determine HIGH-YIELD MUNICIPAL value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HIGH-YIELD MUNICIPAL'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.
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