High Income Fund Price on May 25, 2023
| USHYX Fund | USD 6.95 0.01 0.14% |
Below is the normalized historical share price chart for High Income Fund extending back to October 12, 1999. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of High Income stands at 6.95, as last reported on the 14th of December 2024, with the highest price reaching 6.95 and the lowest price hitting 6.95 during the day.
If you're considering investing in High Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider High Mutual Fund to be very steady. High Income Fund holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for High Income Fund, which you can use to evaluate the volatility of the entity. Please check out High Income's Market Risk Adjusted Performance of 0.2213, coefficient of variation of 614.94, and Risk Adjusted Performance of 0.0794 to validate if the risk estimate we provide is consistent with the expected return of 0.0159%.
High Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
High |
Sharpe Ratio = 0.1126
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | USHYX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average High Income is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of High Income by adding it to a well-diversified portfolio.
High Income Valuation on May 25, 2023
It is possible to determine the worth of High Income on a given historical date. On May 25, 2023 High was worth 5.9 at the beginning of the trading date compared to the closed value of 5.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of High Income mutual fund. Still, in general, we apply an absolute valuation method to find High Income's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of High Income where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against High Income's related companies.
| Open | High | Low | Close | Volume | |
| 5.91 | 5.91 | 5.91 | 5.91 | 1.00 | |
05/25/2023 | 5.90 | 5.90 | 5.90 | 5.90 | 1.00 |
| 5.91 | 5.91 | 5.91 | 5.91 | 1.00 |
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High Income Trading Date Momentum on May 25, 2023
| On May 26 2023 High Income Fund was traded for 5.91 at the closing time. The highest daily price throughout the period was 5.91 and the lowest price was 5.91 . There was no trading activity during the period 1.0. Lack of trading volume on 05/26/2023 added to the next day price jump. The trading price change to closing price of the next trading day was 0.17% . The trading delta at closing time to current closing price is 1.19% . |
High Income Fund Fundamentals Correlations and Trends
By evaluating High Income's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among High Income's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. High financial account trend analysis is a perfect complement when working with valuation or volatility modules.About High Income Mutual Fund history
High Income investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for High is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in High Income Fund will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing High Income stock prices may prove useful in developing a viable investing in High Income
The fund primarily invests its assets in a broad range of U.S. dollar-denominated high-yield securities, including bonds, convertible securities, leveraged loans, or preferred stocks, with an emphasis on non-investment-grade debt securities. Although the fund will invest primarily in U.S. securities, it may invest without limit in dollar-denominated foreign securities and to a limited extent in non-dollar-denominated foreign securities, including in each case emerging-markets securities.
High Income Mutual Fund Technical Analysis
High Income 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.
Price Boundaries
High Income Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
High Income Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
High Income December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how High Income mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading High Income shares will generate the highest return on investment. By undertsting and applying High Income mutual fund market strength indicators, traders can identify High Income Fund entry and exit signals to maximize returns
High Income Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for High Income's price direction in advance. Along with the technical and fundamental analysis of High Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of High to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | 0.0082 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | 0.2113 |
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| Volume Indicators |
Other Information on Investing in High Mutual Fund
High Income financial ratios help investors to determine whether High 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 High with respect to the benefits of owning High Income security.
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