Kayne Anderson Renewable Fund Manager Performance Evaluation
| KARRX Fund | USD 9.87 0.03 0.30% |
The fund secures a Beta (Market Risk) of 0.19, 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.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Kayne Anderson Renewable are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly fragile basic indicators, Kayne Anderson may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...moreKayne |
Kayne Anderson Relative Risk vs. Return Landscape
If you would invest 922.00 in Kayne Anderson Renewable on August 30, 2024 and sell it today you would earn a total of 65.00 from holding Kayne Anderson Renewable or generate 7.05% return on investment over 90 days. Kayne Anderson Renewable is currently producing 0.111% returns and takes up 0.7577% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Kayne, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Kayne Anderson Current Valuation
Fairly Valued
Today
Please note that Kayne Anderson's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Kayne Anderson Renewable secures a last-minute Real Value of $9.79 per share. The latest price of the fund is $9.87. We determine the value of Kayne Anderson Renewable 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.
Since Kayne Anderson is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Kayne Mutual Fund. However, Kayne Anderson'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. | Historical | Market 9.87 | Real 9.79 | Hype 9.87 | Naive 10.05 |
The intrinsic value of Kayne Anderson's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Kayne Anderson's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Kayne Anderson Renewable helps investors to forecast how Kayne 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 Kayne Anderson more accurately as focusing exclusively on Kayne Anderson's fundamentals will not take into account other important factors: Kayne Anderson Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kayne Anderson's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Kayne Anderson Renewable, and traders can use it to determine the average amount a Kayne Anderson'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 = 0.1465
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| Cash | KARRX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Kayne Anderson is performing at about 11% 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 Kayne Anderson by adding it to a well-diversified portfolio.
Kayne Anderson Fundamentals Growth
Kayne Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Kayne Anderson, and Kayne Anderson fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Kayne Mutual Fund performance.
| Total Asset | 107.9 M | |||
About Kayne Anderson Performance
Evaluating Kayne Anderson's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Kayne Anderson has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Kayne Anderson has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund, under normal market conditions, invests at least 80 percent of its net assets in a portfolio of renewable infrastructure companies that are involved in business activities related to renewable energy production, storage and transmission. Its investments in renewable infrastructure companies will typically be in the form of common stocks, but may also include preferred stocks. The fund may also invest in shares of companies through new issues or initial public offerings. It is non-diversified.Things to note about Kayne Anderson Renewable performance evaluation
Checking the ongoing alerts about Kayne Anderson for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Kayne Anderson Renewable help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 45.12% of its assets in cash |
- Analyzing Kayne Anderson's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Kayne Anderson's stock is overvalued or undervalued compared to its peers.
- Examining Kayne Anderson's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Kayne Anderson's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Kayne Anderson's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Kayne Anderson's mutual fund. These opinions can provide insight into Kayne Anderson's potential for growth and whether the stock is currently undervalued or overvalued.
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.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
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