Siit E Fixed Fund Market Value
| SCOAX Fund | USD 8.78 0.04 0.45% |
| Symbol | Siit |
Siit E '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 E'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 E.
| 10/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in Siit E on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Siit E Fixed or generate 0.0% return on investment in Siit E over 60 days. Siit E is related to or competes with Simt Multi, Saat Market, Simt Real, Simt Small, Siit Screened, Saat Aggressive, and Saat Aggressive. Under normal circumstances, the fund will invest at least 80 percent of its net assets in fixed income securities More
Siit E 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 E'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 E Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.37 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.4499 |
Siit E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit E's standard deviation. In reality, there are many statistical measures that can use Siit E historical prices to predict the future Siit E's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 2.89 |
Siit E Fixed Backtested Returns
Siit E Fixed owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the fund had a -0.18% return per unit of risk over the last 3 months. Siit E Fixed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siit E's Variance of 0.1056, risk adjusted performance of (0.12), and Coefficient Of Variation of (667.18) to confirm the risk estimate we provide. The entity has a beta of -0.0203, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Siit E are expected to decrease at a much lower rate. During the bear market, Siit E is likely to outperform the market.
Auto-correlation | -0.49 |
Modest reverse predictability
Siit E Fixed has modest reverse predictability. Overlapping area represents the amount of predictability between Siit E time series from 16th of October 2024 to 15th of November 2024 and 15th of November 2024 to 15th 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 E Fixed price movement. The serial correlation of -0.49 indicates that about 49.0% of current Siit E price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Siit E Fixed lagged returns against current returns
Autocorrelation, which is Siit E 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 E's mutual fund expected returns. We can calculate the autocorrelation of Siit E returns to help us make a trade decision. For example, suppose you find that Siit E 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 E 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 E mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit E 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 E mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit E Lagged Returns
When evaluating Siit E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit E mutual fund have on its future price. Siit E 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 E autocorrelation shows the relationship between Siit E mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit E Fixed.
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 E 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 E security.
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