Stet Short Duration Fund Market Value
| SUMAX Fund | USD 9.98 0.01 0.10% |
| Symbol | Stet |
Stet Short '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 Stet Short'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 Stet Short.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Stet Short on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Stet Short Duration or generate 0.0% return on investment in Stet Short over 30 days. Stet Short is related to or competes with Nasdaq 100, Commodities Strategy, Multimedia Portfolio, T Rowe, Century Small, and Semiconductor Ultrasector. The fund will invest, under normal circumstances, at least 80 percent of its net assets in investment grade municipal securities that pay interest that is exempt from federal income tax, including, but not limited to, municipal bonds, notes, variable rate demand notes and commercial paper. More
Stet Short 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 Stet Short'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 Stet Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1283 | |||
| Information Ratio | (1.00) | |||
| Maximum Drawdown | 0.502 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1006 |
Stet Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stet Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stet Short's standard deviation. In reality, there are many statistical measures that can use Stet Short historical prices to predict the future Stet Short's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.64) | |||
| Treynor Ratio | (0.47) |
Stet Short Duration Backtested Returns
At this stage we consider Stet Mutual Fund to be very steady. Stet Short Duration owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0195, which indicates the fund had a 0.0195% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Stet Short Duration, which you can use to evaluate the volatility of the fund. Please validate Stet Short's Coefficient Of Variation of 2684.64, semi deviation of 0.0168, and Risk Adjusted Performance of (0.05) to confirm if the risk estimate we provide is consistent with the expected return of 0.0016%. The entity has a beta of 0.0147, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Stet Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stet Short is expected to be smaller as well.
Auto-correlation | -0.45 |
Modest reverse predictability
Stet Short Duration has modest reverse predictability. Overlapping area represents the amount of predictability between Stet Short time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Stet Short Duration price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Stet Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stet Short Duration lagged returns against current returns
Autocorrelation, which is Stet Short 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 Stet Short's mutual fund expected returns. We can calculate the autocorrelation of Stet Short returns to help us make a trade decision. For example, suppose you find that Stet Short 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 |
Stet Short 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 Stet Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stet Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stet Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stet Short Lagged Returns
When evaluating Stet Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stet Short mutual fund have on its future price. Stet Short 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, Stet Short autocorrelation shows the relationship between Stet Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stet Short Duration.
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 Stet Mutual Fund
Stet Short financial ratios help investors to determine whether Stet 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 Stet with respect to the benefits of owning Stet Short security.
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