Federated Kaufmann Small Fund Market Value
| FKASX Fund | USD 54.09 0.23 0.43% |
| Symbol | Federated |
Federated Kaufmann '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 Federated Kaufmann'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 Federated Kaufmann.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Federated Kaufmann on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Federated Kaufmann Small or generate 0.0% return on investment in Federated Kaufmann over 30 days. Federated Kaufmann is related to or competes with Versatile Bond, Calamos Short-term, Transamerica Intermediate, Oklahoma Municipal, Ab Impact, and T Rowe. The fund invests primarily in the common stocks of small companies that are traded on national security exchanges, the N... More
Federated Kaufmann 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 Federated Kaufmann'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 Federated Kaufmann Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.002 | |||
| Maximum Drawdown | 5.42 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.61 |
Federated Kaufmann Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Kaufmann's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Kaufmann's standard deviation. In reality, there are many statistical measures that can use Federated Kaufmann historical prices to predict the future Federated Kaufmann's volatility.| Risk Adjusted Performance | 0.106 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.002 | |||
| Treynor Ratio | 0.1186 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Federated Kaufmann'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.
Federated Kaufmann Small Backtested Returns
At this stage we consider Federated Mutual Fund to be very steady. Federated Kaufmann Small secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Federated Kaufmann Small, which you can use to evaluate the volatility of the entity. Please confirm Federated Kaufmann's Mean Deviation of 0.7595, downside deviation of 1.04, and Coefficient Of Variation of 739.28 to check if the risk estimate we provide is consistent with the expected return of 0.19%. The fund shows a Beta (market volatility) of 1.09, which means a somewhat significant risk relative to the market. Federated Kaufmann returns are very sensitive to returns on the market. As the market goes up or down, Federated Kaufmann is expected to follow.
Auto-correlation | 0.95 |
Excellent predictability
Federated Kaufmann Small has excellent predictability. Overlapping area represents the amount of predictability between Federated Kaufmann time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Federated Kaufmann Small price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Federated Kaufmann price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Federated Kaufmann Small lagged returns against current returns
Autocorrelation, which is Federated Kaufmann 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 Federated Kaufmann's mutual fund expected returns. We can calculate the autocorrelation of Federated Kaufmann returns to help us make a trade decision. For example, suppose you find that Federated Kaufmann 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 |
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Federated Kaufmann 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 Federated Kaufmann mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated Kaufmann mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Federated Kaufmann mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Kaufmann Lagged Returns
When evaluating Federated Kaufmann's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Kaufmann mutual fund have on its future price. Federated Kaufmann 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, Federated Kaufmann autocorrelation shows the relationship between Federated Kaufmann mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Kaufmann Small.
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 Federated Mutual Fund
Federated Kaufmann financial ratios help investors to determine whether Federated 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 Federated with respect to the benefits of owning Federated Kaufmann security.
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