Kensington Mutual Fund Alpha and Beta Analysis


USD 9.26  0.03  0.32%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Kensington Active Advantage. It also helps investors analyze the systematic and unsystematic risks associated with investing in Kensington Active over a specified time horizon. Remember, high Kensington Active's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please see Kensington Active Backtesting, Portfolio Optimization, Kensington Active Correlation, Kensington Active Hype Analysis, Kensington Active Volatility, Kensington Active History and analyze Kensington Active Performance.
Please note that although Kensington Active alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Kensington Active did 0.06  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Kensington Active Advantage fund's relative risk over its benchmark. Kensington Active has a beta of 0.0257  . 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.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Kensington Active Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible 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. Alpha and beta are two of the key measurements used to evaluate Kensington Active's performance over market.
α-0.06   β-0.03
90 days against NYA

Kensington Active expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Kensington Active's Buy-and-hold return. Our buy-and-hold chart shows how Kensington Active performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Kensington Active Market Price Analysis

Market price analysis indicators help investors to evaluate how Kensington Active mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kensington Active shares will generate the highest return on investment. By understating and applying Kensington Active mutual fund market price indicators, traders can identify Kensington Active position entry and exit signals to maximize returns.

Kensington Active Return and Market Media

The median price of Kensington Active for the period between Thu, Sep 8, 2022 and Wed, Dec 7, 2022 is 9.36 with a coefficient of variation of 1.23. The daily time series for the period is distributed with a sample standard deviation of 0.12, arithmetic mean of 9.37, and mean deviation of 0.09. The Fund received substential amount of media coverage during this period.
 Price Growth (%)  
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About Kensington Active Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Kensington or other funds. Alpha measures the amount that position in Kensington Active has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
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.

Build Portfolio with Kensington Active

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please see Kensington Active Backtesting, Portfolio Optimization, Kensington Active Correlation, Kensington Active Hype Analysis, Kensington Active Volatility, Kensington Active History and analyze Kensington Active Performance. 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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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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...