Kensington Managed Income Fund Market Value
| KAMCX Fund | USD 9.82 0.01 0.10% |
| Symbol | Kensington |
Kensington Managed '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 Managed'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 Managed.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Kensington Managed on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Kensington Managed Income or generate 0.0% return on investment in Kensington Managed over 720 days. Kensington Managed is related to or competes with Arrow Managed, Ab Value, Balanced Fund, Materials Portfolio, Scharf Global, Rbc Microcap, and Bbh Intermediate. The fund will gain exposure to fixed-income securities primarily by investing in one or more of the following investment... More
Kensington Managed 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 Managed'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 Managed Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2187 | |||
| Information Ratio | (0.72) | |||
| Maximum Drawdown | 0.7168 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.3067 |
Kensington Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kensington Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kensington Managed's standard deviation. In reality, there are many statistical measures that can use Kensington Managed historical prices to predict the future Kensington Managed's volatility.| Risk Adjusted Performance | 0.0744 | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.52) | |||
| Treynor Ratio | 0.1553 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kensington Managed'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 Managed Income Backtested Returns
At this stage we consider Kensington Mutual Fund to be very steady. Kensington Managed Income 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-six technical indicators for Kensington Managed, which you can use to evaluate the volatility of the fund. Please verify Kensington Managed's Risk Adjusted Performance of 0.0744, coefficient of variation of 680.69, and Mean Deviation of 0.1225 to check out if the risk estimate we provide is consistent with the expected return of 0.0258%. The fund secures a Beta (Market Risk) of 0.0866, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kensington Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kensington Managed is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Kensington Managed Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kensington Managed time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Managed Income price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Kensington Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Kensington Managed Income lagged returns against current returns
Autocorrelation, which is Kensington Managed 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 Managed's mutual fund expected returns. We can calculate the autocorrelation of Kensington Managed returns to help us make a trade decision. For example, suppose you find that Kensington Managed 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 Managed 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 Managed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kensington Managed 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 Managed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kensington Managed Lagged Returns
When evaluating Kensington Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kensington Managed mutual fund have on its future price. Kensington Managed 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 Managed autocorrelation shows the relationship between Kensington Managed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kensington Managed Income.
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 Managed 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 Managed security.
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