Siit Long Duration Fund Market Value
| LDRAX Fund | USD 6.06 0.03 0.50% |
| Symbol | Siit |
Siit Long '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 Long'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 Long.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Siit Long on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Siit Long Duration or generate 0.0% return on investment in Siit Long over 720 days. Siit Long is related to or competes with Mesirow Financial, Transamerica Financial, Icon Financial, John Hancock, Financials Ultrasector, and Hennessy Large. Under normal circumstances, the fund will invest at least 80 percent of its net assets in investment grade U.S More
Siit Long 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 Long'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 Long Duration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.0 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.15 |
Siit Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Long's standard deviation. In reality, there are many statistical measures that can use Siit Long historical prices to predict the future Siit Long's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.298 |
Siit Long Duration Backtested Returns
Siit Long Duration owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0264, which indicates the fund had a -0.0264% return per unit of risk over the last 3 months. Siit Long Duration exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siit Long's Risk Adjusted Performance of (0.04), variance of 0.4629, and Coefficient Of Variation of (2,105) to confirm the risk estimate we provide. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Siit Long are expected to decrease at a much lower rate. During the bear market, Siit Long is likely to outperform the market.
Auto-correlation | -0.67 |
Very good reverse predictability
Siit Long Duration has very good reverse predictability. Overlapping area represents the amount of predictability between Siit Long time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Long Duration price movement. The serial correlation of -0.67 indicates that around 67.0% of current Siit Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Siit Long Duration lagged returns against current returns
Autocorrelation, which is Siit Long 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 Long's mutual fund expected returns. We can calculate the autocorrelation of Siit Long returns to help us make a trade decision. For example, suppose you find that Siit Long 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 Long 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 Long mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Long 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 Long mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Long Lagged Returns
When evaluating Siit Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Long mutual fund have on its future price. Siit Long 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 Long autocorrelation shows the relationship between Siit Long mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Long 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 Siit Mutual Fund
Siit Long 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 Long security.
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