Kensington Mutual Fund Manager Performance Evaluation

KADAX
 Fund
  

USD 9.30  0.08  0.87%   

The fund secures a Beta (Market Risk) of -0.029, 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.
  
Kensington Performance
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Over the last 90 days Kensington Active Advantage has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Kensington Active is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors.
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Kensington Price Channel

Fifty Two Week Low9.14
Fifty Two Week High10.14

Kensington Active Relative Risk vs. Return Landscape

If you would invest  953.00  in Kensington Active Advantage on September 4, 2022 and sell it today you would lose (23.00)  from holding Kensington Active Advantage or give up 2.41% of portfolio value over 90 days. Kensington Active Advantage is currently producing negative expected returns and takes up 0.4563% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Kensington, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Kensington Active is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 3.3 times less risky than the market. the firm trades about -0.08 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.09 of returns per unit of risk over similar time horizon.

Kensington Active Current Valuation

Fairly Valued
Today 9.30
Please note that Kensington Active's price fluctuation is very steady at this time.
Kensington Active secures a last-minute Real Value of $9.32 per share. The latest price of the fund is $9.3. At this time, the fund appears to be fairly valued. We determine the value of Kensington Active from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for Kensington Active Advantage is useful when determining the fair value of the Kensington mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Kensington Active. Since Kensington Active is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Kensington Mutual Fund. However, Kensington Active'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.
9.32
Real Value
9.78
Upside
Estimating the potential upside or downside of Kensington Active Advantage helps investors to forecast how Kensington 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 Kensington Active more accurately as focusing exclusively on Kensington Active's fundamentals will not take into account other important factors:
Hype
Prediction
LowEstimated ValueHigh
8.849.309.76
Details

Kensington Active Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kensington Active's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Kensington Active Advantage, and traders can use it to determine the average amount a Kensington Active'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 = -0.0827

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Negative ReturnsKADAX
Estimated Market Risk
 0.46
  actual daily
 
 3 %
of total potential
 
33
Expected Return
 -0.04
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.08
  actual daily
 
 0 %
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00
Based on monthly moving average Kensington Active is performing at about 0% 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 Kensington Active by adding it to a well-diversified portfolio.

About Kensington Active Performance

To evaluate Kensington Active Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Kensington Active generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Kensington Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Kensington Active market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Kensington's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about Kensington Active

Checking the ongoing alerts about Kensington Active for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Kensington Active help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Kensington Active Alerts

Equity Alerts and Improvement Suggestions

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
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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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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.