American High Income Municipal Fund Key Fundamental Indicators
| HIMFX Fund | USD 15.57 0.02 0.13% |
As of the 28th of February, American High-income shows the mean deviation of 0.0881, and Risk Adjusted Performance of 0.1762. American High Income technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices.
American High-income's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing American High-income's valuation are provided below:American High Income Municipal does not presently have any fundamental signals for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. American |
American High-income 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to American High-income's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of American High-income.
| 11/30/2025 |
| 02/28/2026 |
If you would invest 0.00 in American High-income on November 30, 2025 and sell it all today you would earn a total of 0.00 from holding American High Income Municipal or generate 0.0% return on investment in American High-income over 90 days. American High-income is related to or competes with New World, American Funds, American Funds, Income Fund, New Economy, New Economy, and New Economy. Under normal circumstances, the fund will invest at least 80 percent of its assets in, or derive at least 80 percent of ... More
American High-income Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure American High-income's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess American High Income Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1882 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 0.8517 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.1963 |
American High-income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American High-income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American High-income's standard deviation. In reality, there are many statistical measures that can use American High-income historical prices to predict the future American High-income's volatility.| Risk Adjusted Performance | 0.1762 | |||
| Jensen Alpha | 0.0284 | |||
| Total Risk Alpha | 0.0148 | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 20.38 |
American High-income February 28, 2026 Technical Indicators
| Cycle Indicators | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1762 | |||
| Market Risk Adjusted Performance | 20.39 | |||
| Mean Deviation | 0.0881 | |||
| Downside Deviation | 0.1882 | |||
| Coefficient Of Variation | 340.96 | |||
| Standard Deviation | 0.1314 | |||
| Variance | 0.0173 | |||
| Information Ratio | (0.39) | |||
| Jensen Alpha | 0.0284 | |||
| Total Risk Alpha | 0.0148 | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 20.38 | |||
| Maximum Drawdown | 0.8517 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.1963 | |||
| Downside Variance | 0.0354 | |||
| Semi Variance | (0.03) | |||
| Expected Short fall | (0.13) | |||
| Skewness | (0.14) | |||
| Kurtosis | 4.18 |
American High Income Backtested Returns
At this stage we consider American Mutual Fund to be very steady. American High Income secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the fund had a 0.27 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for American High Income Municipal, which you can use to evaluate the volatility of the entity. Please confirm American High-income's mean deviation of 0.0881, and Risk Adjusted Performance of 0.1762 to double-check if the risk estimate we provide is consistent with the expected return of 0.0352%. The fund shows a Beta (market volatility) of 0.0014, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American High-income's returns are expected to increase less than the market. However, during the bear market, the loss of holding American High-income is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
American High Income Municipal has very good predictability. Overlapping area represents the amount of predictability between American High-income time series from 30th of November 2025 to 14th of January 2026 and 14th of January 2026 to 28th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of American High Income price movement. The serial correlation of 0.84 indicates that around 84.0% of current American High-income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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.
| Competition |
Based on the recorded statements, American High Income Municipal has an One Year Return of 5.3412%. This is much higher than that of the American Funds 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.
American High Income Fundamental Drivers Relationships
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. You can analyze the relationship between different fundamental ratios across American High-income competition to find correlations between indicators driving American High-income's intrinsic value. More Info.American High Income Municipal is one of the top funds in annual yield among similar funds. It also is one of the top funds in year to date return among similar funds creating about 502.20 of Year To Date Return per Annual Yield. 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 One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses American High-income's direct or indirect competition against its One 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 American High-income could also be used in its relative valuation, which is a method of valuing American High-income by comparing valuation metrics of similar companies.American High is currently under evaluation in one year return among similar funds.
American Financial Ratios Relationships
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. You can analyze the relationship between different fundamental ratios across American High-income competition to find correlations between indicators driving American High-income's intrinsic value. More Info.American High Income Municipal is one of the top funds in annual yield among similar funds. It also is one of the top funds in year to date return among similar funds creating about 502.20 of Year To Date Return per Annual Yield. 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.Fund Asset Allocation for American High-income
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in stocks, cash and bonds.Asset allocation divides American High-income'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 for 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 manage securities in the fund's portfolio as market conditions and the fund's objectives change.
American Fundamentals
| Total Asset | 9.64 B | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 1.76 % | ||||
| One Year Return | 5.34 % | ||||
| Three Year Return | 6.45 % | ||||
| Five Year Return | 2.46 % | ||||
| Ten Year Return | 5.33 % | ||||
| Net Asset | 6.04 B | ||||
| Cash Position Weight | 1.95 % | ||||
| Equity Positions Weight | 0.15 % | ||||
| Bond Positions Weight | 5.86 % |
About American High-income Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze American High Income Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of American High-income using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of American High Income Municipal 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.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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in American Mutual Fund
American High-income financial ratios help investors to determine whether American Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in American with respect to the benefits of owning American High-income security.
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