Sierra Strategic Income Fund Price on November 7, 2024
| SSIIX Fund | USD 20.29 0.04 0.20% |
Below is the normalized historical share price chart for Sierra Strategic Income extending back to December 22, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Sierra Strategic stands at 20.29, as last reported on the 30th of November, with the highest price reaching 20.29 and the lowest price hitting 20.29 during the day.
If you're considering investing in Sierra Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Sierra Mutual Fund to be very steady. Sierra Strategic Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.018, which indicates the fund had a 0.018% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sierra Strategic Income, which you can use to evaluate the volatility of the fund. Please validate Sierra Strategic's Risk Adjusted Performance of (0.02), coefficient of variation of 5696.78, and Semi Deviation of 0.1771 to confirm if the risk estimate we provide is consistent with the expected return of 0.0032%.
Sierra Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Sierra |
Sharpe Ratio = 0.018
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Estimated Market Risk
| 0.18 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Sierra Strategic is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sierra Strategic by adding it to a well-diversified portfolio.
Sierra Strategic Valuation on November 7, 2024
It is possible to determine the worth of Sierra Strategic on a given historical date. On November 7, 2024 Sierra was worth 20.23 at the beginning of the trading date compared to the closed value of 20.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sierra Strategic mutual fund. Still, in general, we apply an absolute valuation method to find Sierra Strategic's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sierra Strategic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sierra Strategic's related companies.
| Open | High | Low | Close | Volume | |
| 20.17 | 20.17 | 20.17 | 20.17 | 1.00 | |
11/07/2024 | 20.23 | 20.23 | 20.23 | 20.23 | 1.00 |
| 20.27 | 20.27 | 20.27 | 20.27 | 1.00 |
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Sierra Strategic Trading Date Momentum on November 7, 2024
| On November 08 2024 Sierra Strategic Income was traded for 20.27 at the closing time. The highest daily price throughout the period was 20.27 and the lowest price was 20.27 . There was no trading activity during the period 1.0. Lack of trading volume on 11/08/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 0.20% . The trading price change to current closing price is 0.10% . |
Sierra Strategic Income Fundamentals Correlations and Trends
By evaluating Sierra Strategic's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sierra Strategic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sierra financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sierra Strategic Mutual Fund history
Sierra Strategic investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sierra is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sierra Strategic Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sierra Strategic stock prices may prove useful in developing a viable investing in Sierra Strategic
The fund invests in open-end investment companies , exchange-traded funds . It invests in underlying funds without restriction as to issuer credit quality , capitalization, country or the individual security maturity of the securities held by the underlying funds.
Sierra Strategic Mutual Fund Technical Analysis
Sierra Strategic technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Sierra Strategic Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Sierra Strategic Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Sierra Strategic November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Sierra Strategic mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sierra Strategic shares will generate the highest return on investment. By undertsting and applying Sierra Strategic mutual fund market strength indicators, traders can identify Sierra Strategic Income entry and exit signals to maximize returns
Sierra Strategic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sierra Strategic's price direction in advance. Along with the technical and fundamental analysis of Sierra Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sierra to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | (0.11) |
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| Volume Indicators |
Other Information on Investing in Sierra Mutual Fund
Sierra Strategic financial ratios help investors to determine whether Sierra 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 Sierra with respect to the benefits of owning Sierra Strategic security.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
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