Kensington Defender Institutional Fund Market Value
| DFNDX Fund | 10.34 0.24 2.27% |
| Symbol | Kensington |
Kensington Defender '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 Defender'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 Defender.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Kensington Defender on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Kensington Defender Institutional or generate 0.0% return on investment in Kensington Defender over 720 days. Kensington Defender is related to or competes with Kensington Active, Kensington Active, Kensington Active, Kensington Dynamic, Kensington Dynamic, and Kensington Dynamic. The fund is designed to provide the potential to participate in rising markets, but with a reduced risk of drawdown in d... More
Kensington Defender 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 Defender'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 Defender Institutional upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.94 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.7533 |
Kensington Defender Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kensington Defender's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kensington Defender's standard deviation. In reality, there are many statistical measures that can use Kensington Defender historical prices to predict the future Kensington Defender's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kensington Defender'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 Defender Backtested Returns
Kensington Defender has Sharpe Ratio of -0.0607, which conveys that the entity had a -0.0607% return per unit of risk over the last 3 months. Kensington Defender exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kensington Defender's Mean Deviation of 0.4324, risk adjusted performance of (0.03), and Standard Deviation of 0.5856 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kensington Defender's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kensington Defender is expected to be smaller as well.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Kensington Defender Institutional has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kensington Defender time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Defender price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Kensington Defender price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Kensington Defender lagged returns against current returns
Autocorrelation, which is Kensington Defender 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 Defender's mutual fund expected returns. We can calculate the autocorrelation of Kensington Defender returns to help us make a trade decision. For example, suppose you find that Kensington Defender 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 Defender 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 Defender mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kensington Defender 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 Defender mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kensington Defender Lagged Returns
When evaluating Kensington Defender's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kensington Defender mutual fund have on its future price. Kensington Defender 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 Defender autocorrelation shows the relationship between Kensington Defender mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kensington Defender Institutional.
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 Defender 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 Defender security.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |