Kensington Defender Institutional Fund Market Value

DFNDX Fund   10.41  0.07  0.68%   
Kensington Defender's market value is the price at which a share of Kensington Defender trades on a public exchange. It measures the collective expectations of Kensington Defender Institutional investors about its performance. Kensington Defender is trading at 10.41 as of the 22nd of December 2024; that is 0.68 percent up since the beginning of the trading day. The fund's open price was 10.34.
With this module, you can estimate the performance of a buy and hold strategy of Kensington Defender Institutional and determine expected loss or profit from investing in Kensington Defender over a given investment horizon. Check out Kensington Defender Correlation, Kensington Defender Volatility and Kensington Defender Alpha and Beta module to complement your research on Kensington Defender.
Symbol

Please note, there is a significant difference between Kensington Defender's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kensington Defender is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kensington Defender'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 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.
0.00
11/28/2023
No Change 0.00  0.0 
In 1 year and 26 days
12/22/2024
0.00
If you would invest  0.00  in Kensington Defender on November 28, 2023 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 390 days. Kensington Defender is related to or competes with Scharf Fund, Crossmark Steward, Rbc Global, Balanced Fund, Ms Global, Sarofim Equity, and Huber Capital. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
9.8410.4110.98
Details
Intrinsic
Valuation
LowRealHigh
9.8710.4411.01
Details
Naive
Forecast
LowNextHigh
9.6110.1810.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.3610.6210.87
Details

Kensington Defender Backtested Returns

Kensington Defender has Sharpe Ratio of -0.049, which conveys that the entity had a -0.049% return per unit of risk over the last 3 months. Kensington Defender exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kensington Defender's Risk Adjusted Performance of (0.04), standard deviation of 0.5628, and Mean Deviation of 0.4178 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.52, which conveys possible diversification benefits within a given portfolio. 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

    
  0.56  

Modest predictability

Kensington Defender Institutional has modest predictability. Overlapping area represents the amount of predictability between Kensington Defender time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 0.56 indicates that roughly 56.0% of current Kensington Defender price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.57
Residual Average0.0
Price Variance0.05

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  

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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.
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