American Independence Kansas Fund Market Value
| IKSTX Fund | USD 10.05 0.02 0.20% |
| Symbol | American |
American Independence '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 American Independence'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 American Independence.
| 02/04/2023 |
| 12/25/2024 |
If you would invest 0.00 in American Independence on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding American Independence Kansas or generate 0.0% return on investment in American Independence over 690 days. American Independence is related to or competes with Calamos Market, John Hancock, Lord Abbett, Alger Midcap, Putnam Ultra, and Fidelity Vertible. The fund seeks to preserve capital while producing current income for the investor that is exempt from both federal and ... More
American Independence 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 American Independence'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 American Independence Kansas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.199 |
American Independence Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Independence's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Independence's standard deviation. In reality, there are many statistical measures that can use American Independence historical prices to predict the future American Independence's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Independence'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.
American Independence Backtested Returns
American Independence secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the fund had a -0.1% return per unit of standard deviation over the last 3 months. American Independence Kansas exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Independence's risk adjusted performance of (0.11), and Mean Deviation of 0.1409 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0422, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American Independence's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Independence is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
American Independence Kansas has poor reverse predictability. Overlapping area represents the amount of predictability between American Independence time series from 4th of February 2023 to 15th of January 2024 and 15th of January 2024 to 25th 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 American Independence price movement. The serial correlation of -0.39 indicates that just about 39.0% of current American Independence price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
American Independence lagged returns against current returns
Autocorrelation, which is American Independence 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 American Independence's mutual fund expected returns. We can calculate the autocorrelation of American Independence returns to help us make a trade decision. For example, suppose you find that American Independence 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 |
American Independence 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 American Independence mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Independence mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Independence mutual fund over time.
Current vs Lagged Prices |
| Timeline |
American Independence Lagged Returns
When evaluating American Independence's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Independence mutual fund have on its future price. American Independence 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, American Independence autocorrelation shows the relationship between American Independence mutual fund current value and its past values and can show if there is a momentum factor associated with investing in American Independence Kansas.
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 American Mutual Fund
American Independence financial ratios help investors to determine whether American 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 American with respect to the benefits of owning American Independence security.
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