American Independence Kansas Fund Price on March 5, 2024
| IKSTX Fund | USD 9.99 0.01 0.10% |
Below is the normalized historical share price chart for American Independence Kansas extending back to July 15, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of American Independence stands at 9.99, as last reported on the 2nd of May, with the highest price reaching 9.99 and the lowest price hitting 9.99 during the day.
If you're considering investing in American Mutual Fund, it is important to understand the factors that can impact its price. American Independence secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the fund had a -0.21% 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 mean deviation of 0.1079, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide.
American Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
American |
Sharpe Ratio = -0.2078
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | IKSTX |
Estimated Market Risk
| 0.13 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.21 actual daily | 0 Most of other assets perform better |
Based on monthly moving average American Independence is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of American Independence by adding American Independence to a well-diversified portfolio.
American Independence Valuation on March 5, 2024
It is possible to determine the worth of American Independence on a given historical date. On March 5, 2024 American was worth 10.17 at the beginning of the trading date compared to the closed value of 10.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of American Independence mutual fund. Still, in general, we apply an absolute valuation method to find American Independence's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of American Independence where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against American Independence's related companies.
| Open | High | Low | Close | Volume | |
| 10.16 | 10.16 | 10.15 | 10.15 | 1.00 | |
03/05/2024 | 10.17 | 10.17 | 10.16 | 10.16 | 1.00 |
| 10.18 | 10.18 | 10.17 | 10.17 | 1.00 |
| Backtest American Independence | | | American Independence History | | | American Independence Valuation | Previous | Next |
American Independence Trading Date Momentum on March 5, 2024
| On March 06 2024 American Independence Kansas was traded for 10.17 at the closing time. The highest daily price throughout the period was 10.18 and the lowest price was 10.17 . There was no trading activity during the period 1.0. Lack of trading volume on 03/06/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.10% . The overall trading delta to current closing price is 0.10% . |
American Independence Fundamentals Correlations and Trends
By evaluating American Independence's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among American Independence's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. American financial account trend analysis is a perfect complement when working with valuation or volatility modules.About American Independence Mutual Fund history
American Independence investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for American is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in American Independence will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing American Independence stock prices may prove useful in developing a viable investing in American Independence
The fund seeks to preserve capital while producing current income for the investor that is exempt from both federal and Kansas state income taxes by investing in bonds issued by Kansas municipalities. It will invest in municipal bonds with maturities ranging up to 20 years and which are rated, at time of purchase, investment grade. The fund is non-diversified.
American Independence Mutual Fund Technical Analysis
American Independence 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.
Price Boundaries
American Independence Period Price Range
Low | March 5, 2024
| High |
10.17 | 10.16 |
American Independence May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how American Independence mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading American Independence shares will generate the highest return on investment. By undertsting and applying American Independence mutual fund market strength indicators, traders can identify American Independence Kansas entry and exit signals to maximize returns
American Independence Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for American Independence's price direction in advance. Along with the technical and fundamental analysis of American Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of American to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.39) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in American Independence Kansas. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.