ACHFX Mutual Fund Quote

ACHFX
 Fund
  

USD 8.50  0.03  0.35%   

Market Performance
5 of 100
Odds Of Distress
Less than 1
High Income is trading at 8.50 as of the 8th of August 2022; that is -0.35 percent decrease since the beginning of the trading day. The fund's open price was 8.53. High Income has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for High Income Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of August 2020 and ending today, the 8th of August 2022. Click here to learn more.
The fund invests primarily in high-yield corporate bonds and other debt instruments with an emphasis on those that are rated below investment-grade. High Income is traded on NASDAQ Exchange in the United States. More on High Income Fund

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High Income Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. High Income's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding High Income or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
High Income Fund is unlikely to experience financial distress in the next 2 years
On 30th of June 2022 High Income paid $ 0.0465 per share dividend to its current shareholders
The fund holds about 98.08% of its assets under management (AUM) in fixed income securities
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of High Income's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Startdate1st of August 2019
High Income Fund [ACHFX] is traded in USA and was established 8th of August 2022. The fund is listed under High Yield Bond category and is part of American Century Investments family. High Income Fund presently has accumulated 828.24 M in assets under management (AUM) with no minimum investment requirements
Check High Income Probability Of Bankruptcy

Instrument Allocation

High Income Target Price Odds Analysis

What are High Income's target price odds to finish over the current price? Based on a normal probability distribution, the odds of High Income jumping above the current price in 90 days from now is about 9.68%. The High Income Fund probability density function shows the probability of High Income mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon High Income has a beta of 0.2504. This suggests as returns on the market go up, High Income average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding High Income Fund will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0456, implying that it can generate a 0.0456 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 8.5HorizonTargetOdds Above 8.5
90.12%90 days
 8.50 
9.68%
Based on a normal probability distribution, the odds of High Income to move above the current price in 90 days from now is about 9.68 (This High Income Fund probability density function shows the probability of ACHFX Mutual Fund to fall within a particular range of prices over 90 days) .

High Income Fund Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. High Income market risk premium is the additional return an investor will receive from holding High Income long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in High Income. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although High Income's alpha and beta are two of the key measurements used to evaluate High Income's performance over the market, the standard measures of volatility play an important role as well.

High Income Against Markets

Picking the right benchmark for High Income mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in High Income mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for High Income is critical whether you are bullish or bearish towards High Income Fund at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in High Income without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Invested in High Income Fund?

You need to understand the risk of investing before taking a position in High Income. The danger of trading High Income Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of High Income is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than High Income. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile High Income Fund is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the High Income Fund information on this page should be used as a complementary analysis to other High Income'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 Anywhere module to track or share privately all of your investments from the convenience of any device.

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