Kensington Mutual Fund Quote

KADAX
 Fund
  

USD 9.30  0.08  0.87%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Kensington Active is trading at 9.30 as of the 3rd of December 2022; that is 0.87 percent increase since the beginning of the trading day. The fund's open price was 9.22. Kensington Active has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Kensington Active Advantage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of November 2022 and ending today, the 3rd of December 2022. Click here to learn more.
The Adviser seeks to achieve the funds investment objective by employing a fund-of-funds approach that utilizes a proprietary trend-following process which seeks to benefit from longer-term trends in equity and fixed income markets. Kensington Active is traded on NASDAQ Exchange in the United States.. More on Kensington Active Advantage

Moving against Kensington Active

-0.79MRKMerck Company TrendingPairCorr
-0.52TATT Inc TrendingPairCorr
-0.51BABoeing TrendingPairCorr

Kensington Active 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. Kensington Active's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Kensington Active or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Kensington Active generated a negative expected return over the last 90 days
Kensington Active is unlikely to experience financial distress in the next 2 years
The fund maintains about 97.2% of its assets in cash
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 Kensington Active's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Startdate23rd of March 2022
Kensington Active Advantage [KADAX] is traded in USA and was established 3rd of December 2022. The fund is listed under Allocation--50% to 70% Equity category and is part of Kensington Asset Management, LLC family. Kensington Active now has accumulated 13.57 M in assets with no minimum investment requirements
Check Kensington Active Probability Of Bankruptcy

Instrument Allocation

Kensington Active Target Price Odds Analysis

Based on a normal probability distribution, the odds of Kensington Active jumping above the current price in 90 days from now is about 74.75%. The Kensington Active Advantage probability density function shows the probability of Kensington Active mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Kensington Active Advantage has a beta of -0.029. This indicates as returns on benchmark increase, returns on holding Kensington Active are expected to decrease at a much lower rate. During the bear market, however, Kensington Active Advantage is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Kensington Active is significantly underperforming NYSE Composite.
  Odds Below 9.3HorizonTargetOdds Above 9.3
24.61%90 days
 9.30 
74.75%
Based on a normal probability distribution, the odds of Kensington Active to move above the current price in 90 days from now is about 74.75 (This Kensington Active Advantage probability density function shows the probability of Kensington Mutual Fund to fall within a particular range of prices over 90 days) .

Kensington Active Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Kensington Active market risk premium is the additional return an investor will receive from holding Kensington Active 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 Kensington Active. 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 Kensington Active's alpha and beta are two of the key measurements used to evaluate Kensington Active's performance over the market, the standard measures of volatility play an important role as well.

Kensington Active Against Markets

Picking the right benchmark for Kensington Active 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 Kensington Active 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 Kensington Active is critical whether you are bullish or bearish towards Kensington Active Advantage at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kensington Active without increasing your portfolio risk or giving up the 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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Invested in Kensington Active Advantage?

The danger of trading Kensington Active Advantage 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 Kensington Active 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 Kensington Active. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kensington Active 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 see Correlation Analysis. Note that the Kensington Active information on this page should be used as a complementary analysis to other Kensington Active'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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