Kensington Mutual Fund Market Value

KADAX
 Fund
  

USD 9.27  0.01  0.11%   

Kensington Active's market value is the price at which a share of Kensington Active stock trades on a public exchange. It measures the collective expectations of Kensington Active Advantage investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Kensington Active Advantage and determine expected loss or profit from investing in Kensington Active over a given investment horizon. Please see Kensington Active Correlation, Kensington Active Volatility and Kensington Active Alpha and Beta module to complement your research on Kensington Active.
Symbol

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.

Kensington Active '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 Kensington Active'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 Kensington Active.
0.00
10/27/2022
No Change 0.00  0.0 
In 31 days
11/26/2022
0.00
If you would invest  0.00  in Kensington Active on October 27, 2022 and sell it all today you would earn a total of 0.00 from holding Kensington Active Advantage or generate 0.0% return on investment in Kensington Active over 30 days. Kensington Active is related to or competes with American Balanced. The Adviser seeks to achieve the funds investment objective by employing a fund-of-funds approach that utilizes a propri... More

Kensington Active 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 Kensington Active'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 Kensington Active Advantage upside and downside potential and time the market with a certain degree of confidence.

Kensington Active Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kensington Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kensington Active's standard deviation. In reality, there are many statistical measures that can use Kensington Active historical prices to predict the future Kensington Active's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Kensington Active's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Kensington Active in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
8.819.279.73
Details
Intrinsic
Valuation
LowReal ValueHigh
8.849.309.76
Details
Naive
Forecast
LowNext ValueHigh
8.889.339.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.229.269.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kensington Active. Your research has to be compared to or analyzed against Kensington Active's peers to derive any actionable benefits. When done correctly, Kensington Active's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Kensington Active.

Kensington Active Backtested Returns

Kensington Active has Sharpe Ratio of -0.15, which conveys that the entity had -0.15% of return per unit of risk over the last 3 months. Macroaxis standpoint towards estimating the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Kensington Active exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Kensington Active Advantage risk adjusted performance of (0.24), and Mean Deviation of 0.333 to check out the risk estimate we provide.
The fund secures a Beta (Market Risk) of -0.035, which conveys not very significant fluctuations relative to the market. Let's try to break down what Kensington's beta means in this case. As returns on the market increase, returns on owning Kensington Active are expected to decrease at a much lower rate. During the bear market, Kensington Active is likely to outperform the market. Even though it is essential to pay attention to Kensington Active price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Kensington Active exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.59  

Modest predictability

Kensington Active Advantage has modest predictability. Overlapping area represents the amount of predictability between Kensington Active time series from 27th of October 2022 to 11th of November 2022 and 11th of November 2022 to 26th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kensington Active price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Kensington Active price fluctuation can be explain by its past prices.
Correlation Coefficient0.59
Spearman Rank Test-0.02
Residual Average0.0
Price Variance0.0

Kensington Active lagged returns against current returns

Autocorrelation, which is Kensington Active mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Kensington Active's mutual fund expected returns. We can calculate the autocorrelation of Kensington Active returns to help us make a trade decision. For example, suppose you find that Kensington Active mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Kensington Active regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Kensington Active mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kensington Active mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kensington Active mutual fund over time.
   Current vs Lagged Prices   
Share
       Timeline  

Kensington Active Lagged Returns

When evaluating Kensington Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kensington Active mutual fund have on its future price. Kensington Active autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Kensington Active autocorrelation shows the relationship between Kensington Active mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kensington Active Advantage.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kensington Active in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kensington Active's short interest history, or implied volatility extrapolated from Kensington Active options trading.

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Please see Kensington Active Correlation, Kensington Active Volatility and Kensington Active Alpha and Beta module to complement your research on Kensington Active. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Kensington Mutual Fund analysis

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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Kensington Active 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.
A focus of Kensington Active technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Kensington Active trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...