Kellner Merger Fund Market Value
| GAKAX Fund | USD 10.54 0.01 0.09% |
| Symbol | Kellner |
Kellner Merger '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 Kellner Merger'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 Kellner Merger.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kellner Merger on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kellner Merger Fund or generate 0.0% return on investment in Kellner Merger over 180 days. Kellner Merger is related to or competes with Kellner Merger, Morningstar Unconstrained, American High-income, Thrivent High, Jpmorgan Smartretirement, Frontier Mfg, and Victory Rs. Under normal market conditions, the fund will invest primarily in equity securities and related derivatives of U.S More
Kellner Merger 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 Kellner Merger'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 Kellner Merger Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 3.07 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.3738 |
Kellner Merger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kellner Merger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kellner Merger's standard deviation. In reality, there are many statistical measures that can use Kellner Merger historical prices to predict the future Kellner Merger's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 1.44 |
Kellner Merger Backtested Returns
Kellner Merger has Sharpe Ratio of -0.0588, which conveys that the entity had a -0.0588% return per unit of risk over the last 3 months. Kellner Merger exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kellner Merger's Risk Adjusted Performance of (0.06), mean deviation of 0.1547, and Standard Deviation of 0.3621 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0233, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kellner Merger are expected to decrease at a much lower rate. During the bear market, Kellner Merger is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
Kellner Merger Fund has good reverse predictability. Overlapping area represents the amount of predictability between Kellner Merger time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kellner Merger price movement. The serial correlation of -0.51 indicates that about 51.0% of current Kellner Merger price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Kellner Merger lagged returns against current returns
Autocorrelation, which is Kellner Merger 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 Kellner Merger's mutual fund expected returns. We can calculate the autocorrelation of Kellner Merger returns to help us make a trade decision. For example, suppose you find that Kellner Merger has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Kellner Merger 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 Kellner Merger mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kellner Merger mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kellner Merger mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kellner Merger Lagged Returns
When evaluating Kellner Merger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kellner Merger mutual fund have on its future price. Kellner Merger 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, Kellner Merger autocorrelation shows the relationship between Kellner Merger mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kellner Merger Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Kellner Mutual Fund
Kellner Merger financial ratios help investors to determine whether Kellner Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kellner with respect to the benefits of owning Kellner Merger security.
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