Kensington Active Advantage Fund Market Value
| KADCX Fund | USD 10.21 0.03 0.29% |
| Symbol | Kensington |
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.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Kensington Active on November 1, 2024 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 Deutsche Health, Baillie Gifford, Alphacentric Lifesci, Alger Health, and Hartford Healthcare. The fund primarily seeks to achieve its equity exposure by investing in one or more of the following investment types ot... 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.
| Downside Deviation | 0.4284 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.1 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.5165 |
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.| Risk Adjusted Performance | 0.1206 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.1345 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Kensington Active Backtested Returns
At this stage we consider Kensington Mutual Fund to be very steady. Kensington Active has Sharpe Ratio of 0.2, which conveys that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kensington Active, which you can use to evaluate the volatility of the fund. Please verify Kensington Active's Downside Deviation of 0.4284, risk adjusted performance of 0.1206, and Mean Deviation of 0.2711 to check out if the risk estimate we provide is consistent with the expected return of 0.0727%. The fund secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kensington Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kensington Active is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Kensington Active Advantage has very good predictability. Overlapping area represents the amount of predictability between Kensington Active time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Kensington Active price movement. The serial correlation of 0.82 indicates that around 82.0% of current Kensington Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 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 |
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 |
| 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 |
| 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 Kensington Mutual Fund
Kensington Active financial ratios help investors to determine whether Kensington 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 Kensington with respect to the benefits of owning Kensington Active security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |