Knights Of Umbus Fund Market Value
| KCVSX Fund | USD 17.03 0.16 0.93% |
| Symbol | Knights |
Knights Of '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 Knights Of'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 Knights Of.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Knights Of on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Knights Of Umbus or generate 0.0% return on investment in Knights Of over 720 days. Knights Of is related to or competes with Knights Of, Knights Of, Knights Of, Knights Of, Kngt Clb, Knights Of, and Kngt Clb. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Knights Of 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 Knights Of'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 Knights Of Umbus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6506 | |||
| Information Ratio | 0.118 | |||
| Maximum Drawdown | 2.55 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.17 |
Knights Of Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Knights Of's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Knights Of's standard deviation. In reality, there are many statistical measures that can use Knights Of historical prices to predict the future Knights Of's volatility.| Risk Adjusted Performance | 0.1366 | |||
| Jensen Alpha | 0.0778 | |||
| Total Risk Alpha | 0.0741 | |||
| Sortino Ratio | 0.114 | |||
| Treynor Ratio | 0.1363 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Knights Of'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.
Knights Of Umbus Backtested Returns
We consider Knights Of very steady. Knights Of Umbus has Sharpe Ratio of 0.27, which conveys that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Knights Of, which you can use to evaluate the volatility of the fund. Please verify Knights Of's Mean Deviation of 0.4996, risk adjusted performance of 0.1366, and Downside Deviation of 0.6506 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The fund secures a Beta (Market Risk) of 0.93, which conveys possible diversification benefits within a given portfolio. Knights Of returns are very sensitive to returns on the market. As the market goes up or down, Knights Of is expected to follow.
Auto-correlation | 0.28 |
Poor predictability
Knights Of Umbus has poor predictability. Overlapping area represents the amount of predictability between Knights Of time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th of April 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 Knights Of Umbus price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Knights Of price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.38 |
Knights Of Umbus lagged returns against current returns
Autocorrelation, which is Knights Of 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 Knights Of's mutual fund expected returns. We can calculate the autocorrelation of Knights Of returns to help us make a trade decision. For example, suppose you find that Knights Of 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 |
Knights Of 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 Knights Of mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Knights Of mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Knights Of mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Knights Of Lagged Returns
When evaluating Knights Of's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Knights Of mutual fund have on its future price. Knights Of 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, Knights Of autocorrelation shows the relationship between Knights Of mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Knights Of Umbus.
Regressed Prices |
| Timeline |
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Knights Of technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.