High Yield Bond Fund Manager Performance Evaluation

MNHYX Fund  USD 10.01  0.01  0.10%   
The fund retains a Market Volatility (i.e., Beta) of 0.0703, which attests to not very significant fluctuations relative to the market. As returns on the market increase, High Yield's returns are expected to increase less than the market. However, during the bear market, the loss of holding High Yield is expected to be smaller as well.

Risk-Adjusted Performance

13 of 100

 
Weak
 
Strong
Good
Compared to the overall equity markets, risk-adjusted returns on investments in High Yield Bond are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, High Yield is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Expense Ratio Date1st of March 2023
Expense Ratio0.9100
  

High Yield Relative Risk vs. Return Landscape

If you would invest  985.00  in High Yield Bond on September 10, 2024 and sell it today you would earn a total of  16.00  from holding High Yield Bond or generate 1.62% return on investment over 90 days. High Yield Bond is currently producing 0.0253% returns and takes up 0.15% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than High, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon High Yield is expected to generate 5.76 times less return on investment than the market. But when comparing it to its historical volatility, the company is 4.83 times less risky than the market. It trades about 0.17 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.2 of returns per unit of risk over similar time horizon.

High Yield Current Valuation

Overvalued
Today
10.01
Please note that High Yield's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. High Yield Bond retains a regular Real Value of $9.19 per share. The prevalent price of the fund is $10.01. We determine the value of High Yield Bond from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will come together.
Since High Yield is currently traded on the exchange, buyers and sellers on that exchange determine the market value of High Mutual Fund. However, High Yield's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  10.01 Real  9.19 Hype  10.01 Naive  10.06
The intrinsic value of High Yield's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence High Yield's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
9.19
Real Value
11.01
Upside
Estimating the potential upside or downside of High Yield Bond helps investors to forecast how High mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of High Yield more accurately as focusing exclusively on High Yield's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.899.9610.03
Details
Hype
Prediction
LowEstimatedHigh
9.8610.0110.16
Details
Naive
Forecast
LowNext ValueHigh
9.9110.0610.21
Details

High Yield Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for High Yield's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as High Yield Bond, and traders can use it to determine the average amount a High Yield's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1686

Best PortfolioBest Equity
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Negative ReturnsMNHYX

Estimated Market Risk

 0.15
  actual daily
1
99% of assets are more volatile

Expected Return

 0.03
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.17
  actual daily
13
87% of assets perform better
Based on monthly moving average High Yield is performing at about 13% 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 Yield by adding it to a well-diversified portfolio.

High Yield Fundamentals Growth

High Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of High Yield, and High Yield fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on High Mutual Fund performance.

About High Yield Performance

Evaluating High Yield's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if High Yield has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if High Yield has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its assets in bonds that are rated below investment grade and other financial instruments, principally derivative instruments and exchange-traded funds , with economic characteristics similar to non-investment grade securities. These bonds may include U.S. dollar denominated fixed income securities issued by U.S. and foreign corporations and governments, including those in emerging markets. It may invest a portion of its assets in bank loans, which are, generally, non-investment grade floating rate investments.

Things to note about High Yield Bond performance evaluation

Checking the ongoing alerts about High Yield for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for High Yield Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund maintains about 8.41% of its assets in cash
Evaluating High Yield's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate High Yield's mutual fund performance include:
  • Analyzing High Yield's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether High Yield's stock is overvalued or undervalued compared to its peers.
  • Examining High Yield's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating High Yield's management team can have a significant impact on its success or failure. Reviewing the track record and experience of High Yield's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of High Yield's mutual fund. These opinions can provide insight into High Yield's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating High Yield's mutual fund performance is not an exact science, and many factors can impact High Yield's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in High Mutual Fund

High Yield 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 Yield security.
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