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| Tips Archives |
Basic Factor Groups
By Dr. Felix Kleinstein
When using K4 Fund Selection to create a model, some users may be a little overwhelmed by the sheer number of available factors; but there is a simple resolution. By dividing the factors into five specific groups and choosing one or two factors from each group, you can create better models and obtain more logical and consistent results. Click here to read the full version.
Importance Strategy
By Dr. Felix Kleinstein
Although the K 4 preference exercise is a simple process for determining factor weights, it can be intimidating to novice users. There's a simple strategy that doesn't require a lot of time, analysis, or calculations. It can, however, provide some structure.. Click here to read the full version.
Filters for "Dummies"
By Dr. Felix Kleinstein
The filters in K4 Fund Selection are more than simple screen for scenario results. They can also be a means of exporting additional data. Click here to read the full version.
Track Record - Simple but Critical
By Dr. Felix Kleinstein
It may be tempting to consider all products when creating a scenario using K4 Fund or Manager Selection, but it is often much better to limit the minimum track records to match the time periods of your statistics. Click here to read the full version.
Simple Models Are Often the Best
By Dr. Felix Kleinstein
The best scenarios don't necessarily depend on the number of factors used but rather the breadth of the information they measure. They use factors that are highly correlated with the results, but very little with one another. In many instances, the fewer you use the better. Click here to read the full version.
Copy and Save Time
By Dr. Felix Kleinstein
Klein Decisions' K 4 Fund Selection has a "copy scenario function that is easy to use and saves considerable time in creating models, monitoring funds, and archiving results. Click here to read the full version.
Pros and Cons of the Distinct Portfolio Filter
By Dr. Felix Kleinstein
If you've used Klein Decisions' K4 Fund Selection, you've probably run into it: You reach the Results page of your scenario and three of the top 10 funds are different share classes of the same fund. In some instances, it may be as many as four of five different versions of the same fund in the top 10. And it's not just in the top 10, either; the same thing is happening throughout your fund rankings. Click here to read the full version.
