High Yield Municipal Fund Technical Analysis
| AYMAX Fund | USD 8.70 0.03 0.34% |
As of the 18th of April 2024, High Yield retains the Downside Deviation of 0.3658, risk adjusted performance of (0), and Market Risk Adjusted Performance of 0.201. High Yield 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, which can be compared to its competitors. Please check out High Yield Municipal variance, as well as the relationship between the value at risk and skewness to decide if High Yield is priced fairly, providing market reflects its last-minute price of 8.7 per share.
High Yield 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, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HighHigh |
High Yield 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.
High Yield Municipal Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 High Yield Municipal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
High Yield Municipal 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 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 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.High Yield 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 , which means High Yield Municipal Fund will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.2, which is the sum of squared deviations for the predicted High Yield price change compared to its average price change.About High Yield 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 price pattern first instead of the macroeconomic environment surrounding High Yield Municipal. By analyzing High Yield'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'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 specific price patterns or momentum indicators. Please read more on our technical analysis page.
High Yield April 18, 2024 Technical Indicators
Most technical analysis of High 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 from various momentum indicators to cycle indicators. When you analyze High 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.
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| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | 0.201 | |||
| Mean Deviation | 0.1808 | |||
| Semi Deviation | 0.2621 | |||
| Downside Deviation | 0.3658 | |||
| Coefficient Of Variation | 6896.53 | |||
| Standard Deviation | 0.2642 | |||
| Variance | 0.0698 | |||
| Information Ratio | (0.20) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.191 | |||
| Maximum Drawdown | 1.72 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.3429 | |||
| Downside Variance | 0.1338 | |||
| Semi Variance | 0.0687 | |||
| Expected Short fall | (0.20) | |||
| Skewness | (0.48) | |||
| Kurtosis | 2.76 |
High Yield Municipal One Year Return
Based on the recorded statements, High Yield Municipal Fund has an One Year Return of 2.8349%. This is 866.19% lower than that of the American Century Investments family and significantly higher than that of the High Yield Muni category. The one year return for all United States funds is notably lower than that of the firm.
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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in High Yield Municipal Fund. 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 nation. Note that the High Yield Municipal 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.