Kensington Dynamic Growth Fund Market Value

KAGCX Fund  USD 11.41  0.00  0.00%   
Kensington Dynamic's market value is the price at which a share of Kensington Dynamic trades on a public exchange. It measures the collective expectations of Kensington Dynamic Growth investors about its performance. Kensington Dynamic is trading at 11.41 as of the 24th of December 2024; that is No Change since the beginning of the trading day. The fund's open price was 11.41.
With this module, you can estimate the performance of a buy and hold strategy of Kensington Dynamic Growth and determine expected loss or profit from investing in Kensington Dynamic over a given investment horizon. Check out Kensington Dynamic Correlation, Kensington Dynamic Volatility and Kensington Dynamic Alpha and Beta module to complement your research on Kensington Dynamic.
Symbol

Please note, there is a significant difference between Kensington Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kensington Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kensington Dynamic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Kensington Dynamic '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 Dynamic'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 Dynamic.
0.00
11/24/2024
No Change 0.00  0.0 
In 30 days
12/24/2024
0.00
If you would invest  0.00  in Kensington Dynamic on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Kensington Dynamic Growth or generate 0.0% return on investment in Kensington Dynamic over 30 days. Kensington Dynamic is related to or competes with Kensington Defender, Kensington Active, Kensington Active, Kensington Active, Kensington Dynamic, and . The fund will gain exposure to equity securities primarily by investing in one or more of the following investment types... More

Kensington Dynamic 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 Dynamic'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 Dynamic Growth upside and downside potential and time the market with a certain degree of confidence.

Kensington Dynamic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kensington Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kensington Dynamic's standard deviation. In reality, there are many statistical measures that can use Kensington Dynamic historical prices to predict the future Kensington Dynamic's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kensington Dynamic'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.
Hype
Prediction
LowEstimatedHigh
10.7111.4112.11
Details
Intrinsic
Valuation
LowRealHigh
10.2712.3113.01
Details

Kensington Dynamic Growth Backtested Returns

At this stage we consider Kensington Mutual Fund to be very steady. Kensington Dynamic Growth has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Kensington Dynamic, which you can use to evaluate the volatility of the fund. Please verify Kensington Dynamic's Mean Deviation of 0.447, risk adjusted performance of 0.1241, and Downside Deviation of 0.9225 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of 0.035, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kensington Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kensington Dynamic is expected to be smaller as well.

Auto-correlation

    
  0.88  

Very good predictability

Kensington Dynamic Growth has very good predictability. Overlapping area represents the amount of predictability between Kensington Dynamic time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Dynamic Growth price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Kensington Dynamic price fluctuation can be explain by its past prices.
Correlation Coefficient0.88
Spearman Rank Test0.96
Residual Average0.0
Price Variance0.0

Kensington Dynamic Growth lagged returns against current returns

Autocorrelation, which is Kensington Dynamic 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 Dynamic's mutual fund expected returns. We can calculate the autocorrelation of Kensington Dynamic returns to help us make a trade decision. For example, suppose you find that Kensington Dynamic 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 Dynamic 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 Dynamic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kensington Dynamic 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 Dynamic mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Kensington Dynamic Lagged Returns

When evaluating Kensington Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kensington Dynamic mutual fund have on its future price. Kensington Dynamic 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 Dynamic autocorrelation shows the relationship between Kensington Dynamic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kensington Dynamic Growth.
   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 Dynamic 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 Dynamic security.
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