American Independence Kansas Fund Quote

IKSTX Fund  USD 10.12  0.01  0.1%   

Performance

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Odds Of Distress

Less than 44

 
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American Independence is trading at 10.12 as of the 28th of March 2024; that is -0.1 percent decrease since the beginning of the trading day. The fund's open price was 10.13. American Independence has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for American Independence Kansas are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
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. More on American Independence Kansas

Moving together with American Mutual Fund

  0.99SEKSX American IndependencePairCorr
  0.67UVABX Virginia Bond FundPairCorr
  0.94HULYX Hawaiian Tax-free TrustPairCorr
  0.93HULFX Hawaiian Tax-free TrustPairCorr

American Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. American Independence's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding American Independence or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationAmerican Independence Funds, Muni Single State Interm Funds, Muni Single State Interm, American Independence (View all Sectors)
Update Date31st of March 2024
American Independence Kansas [IKSTX] is traded in USA and was established 28th of March 2024. American Independence is listed under American Independence category by Fama And French industry classification. The fund is listed under Muni Single State Interm category and is part of American Independence family. This fund currently has accumulated 137.96 M in assets under management (AUM) with minimum initial investment of 5 K. American Independence is currently producing year-to-date (YTD) return of 0.04% with the current yeild of 0.0%, while the total return for the last 3 years was -1.52%.
Check American Independence Probability Of Bankruptcy

Instrument Allocation

American Independence Target Price Odds Analysis

Based on a normal probability distribution, the odds of American Independence jumping above the current price in 90 days from now is about 87.69%. The American Independence Kansas probability density function shows the probability of American Independence mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon American Independence has a beta of 0.0685. This usually indicates as returns on the market go up, American Independence average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding American Independence Kansas will be expected to be much smaller as well. Additionally, american Independence Kansas has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 10.12HorizonTargetOdds Above 10.12
10.88%90 days
 10.12 
87.69%
Based on a normal probability distribution, the odds of American Independence to move above the current price in 90 days from now is about 87.69 (This American Independence Kansas probability density function shows the probability of American Mutual Fund to fall within a particular range of prices over 90 days) .

American Independence Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. American Independence market risk premium is the additional return an investor will receive from holding American Independence long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in American Independence. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although American Independence's alpha and beta are two of the key measurements used to evaluate American Independence's performance over the market, the standard measures of volatility play an important role as well.

American Independence Against Markets

Picking the right benchmark for American Independence mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in American Independence mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for American Independence is critical whether you are bullish or bearish towards American Independence Kansas at a given time. Please also check how American Independence's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Independence without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy American Mutual Fund?

Before investing in American Independence, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in American Independence. To buy American Independence fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of American Independence. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase American Independence fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located American Independence Kansas fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased American Independence Kansas fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as American Independence Kansas, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in American Independence Kansas?

The danger of trading American Independence Kansas is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of American Independence is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than American Independence. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile American Independence is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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When running American Independence's price analysis, check to measure American Independence's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Independence is operating at the current time. Most of American Independence's value examination focuses on studying past and present price action to predict the probability of American Independence's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Independence's price. Additionally, you may evaluate how the addition of American Independence to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between American Independence's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Independence is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Independence'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.