Kensington Managed Income Fund Market Value

KAMAX Fund  USD 9.95  0.02  0.20%   
Kensington Managed's market value is the price at which a share of Kensington Managed trades on a public exchange. It measures the collective expectations of Kensington Managed Income investors about its performance. Kensington Managed is trading at 9.95 as of the 11th of December 2024; that is 0.20 percent up since the beginning of the trading day. The fund's open price was 9.93.
With this module, you can estimate the performance of a buy and hold strategy of Kensington Managed Income and determine expected loss or profit from investing in Kensington Managed over a given investment horizon. Check out Kensington Managed Correlation, Kensington Managed Volatility and Kensington Managed Alpha and Beta module to complement your research on Kensington Managed.
Symbol

Please note, there is a significant difference between Kensington Managed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kensington Managed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kensington Managed'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 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.
0.00
09/12/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/11/2024
0.00
If you would invest  0.00  in Kensington Managed on September 12, 2024 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 90 days. Kensington Managed is related to or competes with Franklin Federal, Prudential Short, Siit Ultra, Alpine Ultra, Lord Abbett, and Quantitative Longshort. 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.

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.
Hype
Prediction
LowEstimatedHigh
9.809.9510.10
Details
Intrinsic
Valuation
LowRealHigh
9.789.9310.08
Details
Naive
Forecast
LowNextHigh
9.829.9610.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.879.929.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kensington Managed. Your research has to be compared to or analyzed against Kensington Managed's peers to derive any actionable benefits. When done correctly, Kensington Managed's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Kensington Managed Income.

Kensington Managed Income Backtested Returns

At this stage we consider Kensington Mutual Fund to be very steady. Kensington Managed Income has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kensington Managed, which you can use to evaluate the volatility of the fund. Please verify Kensington Managed's Downside Deviation of 0.1918, mean deviation of 0.1194, and Risk Adjusted Performance of 0.0425 to check out if the risk estimate we provide is consistent with the expected return of 0.0226%. The fund secures a Beta (Market Risk) of 0.0213, 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

    
  -0.19  

Insignificant reverse predictability

Kensington Managed Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kensington Managed time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 -0.19 indicates that over 19.0% of current Kensington Managed price fluctuation can be explain by its past prices.
Correlation Coefficient-0.19
Spearman Rank Test-0.11
Residual Average0.0
Price Variance0.0

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  

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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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