Sei Daily Income Fund Market Value
| SCPXX Fund | USD 1.00 0.00 0.00% |
| Symbol | SEI |
Please note, there is a significant difference between Sei Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sei Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sei Daily'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.
Sei Daily '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 Sei Daily's money market 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 Sei Daily.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Sei Daily on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Sei Daily Income or generate 0.0% return on investment in Sei Daily over 60 days. Sei Daily is related to or competes with Ashmore Emerging. Sei Daily is entity of United States. It is traded as Fund on NMFQS exchange. More
Sei Daily 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 Sei Daily's money market 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 Sei Daily Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.98) | |||
| Maximum Drawdown | 1.01 |
Sei Daily Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sei Daily's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sei Daily's standard deviation. In reality, there are many statistical measures that can use Sei Daily historical prices to predict the future Sei Daily's volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.0039 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.4822 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sei Daily's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sei Daily Income Backtested Returns
We have found sixteen technical indicators for Sei Daily Income, which you can use to evaluate the volatility of the fund. Please validate Sei Daily's Risk Adjusted Performance of 0.0426, coefficient of variation of 812.4, and Variance of 0.0155 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The entity has a beta of 0.011, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sei Daily's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sei Daily is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Sei Daily Income has no correlation between past and present. Overlapping area represents the amount of predictability between Sei Daily time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 Sei Daily Income price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sei Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sei Daily Income lagged returns against current returns
Autocorrelation, which is Sei Daily money market 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 Sei Daily's money market fund expected returns. We can calculate the autocorrelation of Sei Daily returns to help us make a trade decision. For example, suppose you find that Sei Daily has exhibited high autocorrelation historically, and you observe that the money market 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 |
Sei Daily 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 Sei Daily money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sei Daily money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sei Daily money market fund over time.
Current vs Lagged Prices |
| Timeline |
Sei Daily Lagged Returns
When evaluating Sei Daily's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sei Daily money market fund have on its future price. Sei Daily 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, Sei Daily autocorrelation shows the relationship between Sei Daily money market fund current value and its past values and can show if there is a momentum factor associated with investing in Sei Daily 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 SEI Money Market Fund
Sei Daily financial ratios help investors to determine whether SEI Money Market 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 SEI with respect to the benefits of owning Sei Daily security.
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