Siit Opportunistic Income Fund Market Value
| ENIAX Fund | USD 8.09 0.01 0.12% |
| Symbol | Siit |
Siit Opportunistic '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 Siit Opportunistic'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 Siit Opportunistic.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Siit Opportunistic on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Opportunistic Income or generate 0.0% return on investment in Siit Opportunistic over 30 days. Siit Opportunistic is related to or competes with Blackrock Moderate, Franklin Lifesmart, Dimensional Retirement, Sierra E, Putnman Retirement, Qs Moderate, and Transamerica Cleartrack. The fund invests primarily in a diversified portfolio of investment grade and junk bonds, including securities issued or... More
Siit Opportunistic 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 Siit Opportunistic'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 Siit Opportunistic Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.63) | |||
| Maximum Drawdown | 0.2509 | |||
| Potential Upside | 0.1253 |
Siit Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Opportunistic's standard deviation. In reality, there are many statistical measures that can use Siit Opportunistic historical prices to predict the future Siit Opportunistic's volatility.| Risk Adjusted Performance | 0.2082 | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | 0.007 | |||
| Treynor Ratio | 1.81 |
Siit Opportunistic Income Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit Opportunistic Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.43, which indicates the fund had a 0.43% return per unit of risk over the last 3 months. We have found twenty technical indicators for Siit Opportunistic Income, which you can use to evaluate the volatility of the fund. Please validate Siit Opportunistic's Risk Adjusted Performance of 0.2082, coefficient of variation of 226.8, and Variance of 0.0036 to confirm if the risk estimate we provide is consistent with the expected return of 0.0257%. The entity has a beta of 0.0091, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Siit Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit Opportunistic is expected to be smaller as well.
Auto-correlation | 0.96 |
Excellent predictability
Siit Opportunistic Income has excellent predictability. Overlapping area represents the amount of predictability between Siit Opportunistic time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Siit Opportunistic Income price movement. The serial correlation of 0.96 indicates that 96.0% of current Siit Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Siit Opportunistic Income lagged returns against current returns
Autocorrelation, which is Siit Opportunistic 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 Siit Opportunistic's mutual fund expected returns. We can calculate the autocorrelation of Siit Opportunistic returns to help us make a trade decision. For example, suppose you find that Siit Opportunistic 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 |
Siit Opportunistic 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 Siit Opportunistic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Opportunistic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Siit Opportunistic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Opportunistic Lagged Returns
When evaluating Siit Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Opportunistic mutual fund have on its future price. Siit Opportunistic 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, Siit Opportunistic autocorrelation shows the relationship between Siit Opportunistic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Opportunistic Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Siit Mutual Fund
Siit Opportunistic financial ratios help investors to determine whether Siit Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Siit with respect to the benefits of owning Siit Opportunistic security.
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