Kayne Anderson Renewable Fund Market Value
| KARRX Fund | USD 9.69 0.08 0.82% |
| Symbol | Kayne |
Kayne Anderson '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 Kayne Anderson'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 Kayne Anderson.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Kayne Anderson on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Kayne Anderson Renewable or generate 0.0% return on investment in Kayne Anderson over 720 days. Kayne Anderson is related to or competes with Energy Basic, Fidelity Advisor, Hennessy, Goehring Rozencwajg, and Icon Natural. The fund, under normal market conditions, invests at least 80 percent of its net assets in a portfolio of renewable infr... More
Kayne Anderson 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 Kayne Anderson'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 Kayne Anderson Renewable upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.766 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.74 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.26 |
Kayne Anderson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kayne Anderson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kayne Anderson's standard deviation. In reality, there are many statistical measures that can use Kayne Anderson historical prices to predict the future Kayne Anderson's volatility.| Risk Adjusted Performance | 0.1089 | |||
| Jensen Alpha | 0.0975 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 19.62 |
Kayne Anderson Renewable Backtested Returns
At this stage we consider Kayne Mutual Fund to be very steady. Kayne Anderson Renewable has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kayne Anderson, which you can use to evaluate the volatility of the fund. Please verify Kayne Anderson's Downside Deviation of 0.766, risk adjusted performance of 0.1089, and Mean Deviation of 0.6159 to check out if the risk estimate we provide is consistent with the expected return of 0.0878%. The fund secures a Beta (Market Risk) of 0.005, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kayne Anderson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kayne Anderson is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Kayne Anderson Renewable has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kayne Anderson time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Kayne Anderson Renewable price movement. The serial correlation of -0.75 indicates that around 75.0% of current Kayne Anderson price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Kayne Anderson Renewable lagged returns against current returns
Autocorrelation, which is Kayne Anderson 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 Kayne Anderson's mutual fund expected returns. We can calculate the autocorrelation of Kayne Anderson returns to help us make a trade decision. For example, suppose you find that Kayne Anderson 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 |
Kayne Anderson 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 Kayne Anderson mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kayne Anderson mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kayne Anderson mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kayne Anderson Lagged Returns
When evaluating Kayne Anderson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kayne Anderson mutual fund have on its future price. Kayne Anderson 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, Kayne Anderson autocorrelation shows the relationship between Kayne Anderson mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kayne Anderson Renewable.
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 Kayne Mutual Fund
Kayne Anderson financial ratios help investors to determine whether Kayne 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 Kayne with respect to the benefits of owning Kayne Anderson security.
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