American Independence Financials
| IKSTX Fund | USD 10.02 0.02 0.20% |
American |
Please note that past performance is not an indicator of the future performance of American Independence, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
American Independence Fund Summary
American Independence competes with Ab Bond, Ambrus Core, Nuveen Oregon, and Ab Bond. 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.Specialization | Muni Single State Interm, Muni Single State Interm |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | ALPS Series Trust |
| Mutual Fund Family | American Independence |
| Mutual Fund Category | Muni Single State Interm |
| Benchmark | NYSE Composite |
| Phone | 866 410 2006 |
| Currency | USD - US Dollar |
American Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining American Independence's current stock value. Our valuation model uses many indicators to compare American Independence value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across American Independence competition to find correlations between indicators driving American Independence's intrinsic value. More Info.American Independence Kansas is currently considered the top fund in annual yield among similar funds. It is currently considered the top fund in year to date return among similar funds creating about 12.52 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value American Independence by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for American Independence's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the American Independence's earnings, one of the primary drivers of an investment's value.American Independence Systematic Risk
American Independence's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. American Independence volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on American Independence correlated with the market. If Beta is less than 0 American Independence generally moves in the opposite direction as compared to the market. If American Independence Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one American Independence is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of American Independence is generally in the same direction as the market. If Beta > 1 American Independence moves generally in the same direction as, but more than the movement of the benchmark.
American Independence April 18, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of American Independence help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of American Independence Kansas. We use our internally-developed statistical techniques to arrive at the intrinsic value of American Independence Kansas based on widely used predictive technical indicators. In general, we focus on analyzing American Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build American Independence's daily price indicators and compare them against related drivers.
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 0.7897 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.1994 |
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.