Siit Limited Duration Fund Market Value
| SLDBX Fund | USD 9.60 0.01 0.10% |
| Symbol | Siit |
Siit Limited '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 Limited'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 Limited.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Siit Limited on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Limited Duration or generate 0.0% return on investment in Siit Limited over 30 days. Siit Limited is related to or competes with Gabelli Gold, International Investors, Fidelity Advisor, Sprott Gold, and Great West. Normally, the fund will invest at least 80 percent of its net assets in investment grade U.S More
Siit Limited 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 Limited'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 Limited Duration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.02) | |||
| Maximum Drawdown | 0.6276 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.209 |
Siit Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Limited's standard deviation. In reality, there are many statistical measures that can use Siit Limited historical prices to predict the future Siit Limited's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.83) |
Siit Limited Duration Backtested Returns
Siit Limited Duration owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.04, which indicates the fund had a -0.04% return per unit of risk over the last 3 months. Siit Limited Duration exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siit Limited's Variance of 0.0152, coefficient of variation of (8,213), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.0139, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Siit Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit Limited is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Siit Limited Duration has poor predictability. Overlapping area represents the amount of predictability between Siit Limited 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 Limited Duration price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Siit Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Siit Limited Duration lagged returns against current returns
Autocorrelation, which is Siit Limited 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 Limited's mutual fund expected returns. We can calculate the autocorrelation of Siit Limited returns to help us make a trade decision. For example, suppose you find that Siit Limited 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 Limited 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 Limited mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Limited 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 Limited mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Limited Lagged Returns
When evaluating Siit Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Limited mutual fund have on its future price. Siit Limited 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 Limited autocorrelation shows the relationship between Siit Limited mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Limited Duration.
Regressed Prices |
| Timeline |
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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 Limited 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 Limited security.
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