Siit Dynamic Asset Fund Market Value
| SDLAX Fund | USD 24.57 0.19 0.78% |
| Symbol | Siit |
Siit Dynamic '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 Dynamic'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 Dynamic.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Siit Dynamic on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Dynamic Asset or generate 0.0% return on investment in Siit Dynamic over 180 days. Siit Dynamic is related to or competes with Columbia Large, Siit Large, Janus Growth, Siit Sp, and Nationwide. The adviser employs a dynamic investment strategy seeking to achieve, over time, a total return in excess of the broad U... More
Siit Dynamic 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 Dynamic'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 Dynamic Asset upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0054 | |||
| Maximum Drawdown | 4.7 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.21 |
Siit Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Dynamic's standard deviation. In reality, there are many statistical measures that can use Siit Dynamic historical prices to predict the future Siit Dynamic's volatility.| Risk Adjusted Performance | 0.1204 | |||
| Jensen Alpha | 0.0121 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 0.1333 |
Siit Dynamic Asset Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit Dynamic Asset owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Siit Dynamic Asset, which you can use to evaluate the volatility of the fund. Please validate Siit Dynamic's Risk Adjusted Performance of 0.1204, coefficient of variation of 641.13, and Semi Deviation of 0.7455 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 0.94, which indicates possible diversification benefits within a given portfolio. Siit Dynamic returns are very sensitive to returns on the market. As the market goes up or down, Siit Dynamic is expected to follow.
Auto-correlation | 0.29 |
Poor predictability
Siit Dynamic Asset has poor predictability. Overlapping area represents the amount of predictability between Siit Dynamic time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Dynamic Asset price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Siit Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Siit Dynamic Asset lagged returns against current returns
Autocorrelation, which is Siit Dynamic 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 Dynamic's mutual fund expected returns. We can calculate the autocorrelation of Siit Dynamic returns to help us make a trade decision. For example, suppose you find that Siit Dynamic 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 Dynamic 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 Dynamic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Dynamic 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 Dynamic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Dynamic Lagged Returns
When evaluating Siit Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Dynamic mutual fund have on its future price. Siit Dynamic 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 Dynamic autocorrelation shows the relationship between Siit Dynamic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Dynamic Asset.
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 Dynamic 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 Dynamic security.
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