American Independence Kansas Fund Market Value
| IKSTX Fund | USD 10.01 0.01 0.1% |
| 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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in American Independence on March 25, 2024 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 30 days. American Independence is related to or competes with Virginia Bond, Hawaiian Tax-free, Hawaiian Tax-free, Aquila Tax-free, Usaa Virginia, and Hawaiian Tax-free. 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 | (0.73) | |||
| Maximum Drawdown | 0.7897 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.1994 |
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 | (0.09) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 2.28 |
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 -0.0722, which signifies that the fund had a -0.0722% 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 (0.09), and Mean Deviation of 0.1052 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0103, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning American Independence are expected to decrease at a much lower rate. During the bear market, American Independence is likely to outperform the market.
Auto-correlation | 0.75 |
Good predictability
American Independence Kansas has good predictability. Overlapping area represents the amount of predictability between American Independence time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 American Independence price movement. The serial correlation of 0.75 indicates that around 75.0% of current American Independence price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards American Independence in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, American Independence's short interest history, or implied volatility extrapolated from American Independence options trading.
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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.