Siit Emerging Markets Fund Market Value
| SEDAX Fund | USD 8.59 0.02 0.23% |
| Symbol | Siit |
Siit Emerging '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 Emerging'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 Emerging.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Siit Emerging on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Emerging Markets or generate 0.0% return on investment in Siit Emerging over 180 days. Siit Emerging is related to or competes with Volumetric Fund, T Rowe, Jp Morgan, T Rowe, Versatile Bond, and Nasdaq 100. Under normal circumstances, the fund will invest at least 80 percent of its net assets in fixed income securities of eme... More
Siit Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.75 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.3505 |
Siit Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Emerging's standard deviation. In reality, there are many statistical measures that can use Siit Emerging historical prices to predict the future Siit Emerging's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.60) |
Siit Emerging Markets Backtested Returns
Siit Emerging Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0151, which indicates the fund had a -0.0151% return per unit of risk over the last 3 months. Siit Emerging Markets exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siit Emerging's Variance of 0.1037, risk adjusted performance of (0.04), and Coefficient Of Variation of (2,733) to confirm the risk estimate we provide. The entity has a beta of 0.0362, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Siit Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit Emerging is expected to be smaller as well.
Auto-correlation | -0.64 |
Very good reverse predictability
Siit Emerging Markets has very good reverse predictability. Overlapping area represents the amount of predictability between Siit Emerging 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 Emerging Markets price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Siit Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Siit Emerging Markets lagged returns against current returns
Autocorrelation, which is Siit Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Siit Emerging returns to help us make a trade decision. For example, suppose you find that Siit Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Emerging Lagged Returns
When evaluating Siit Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Emerging mutual fund have on its future price. Siit Emerging 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 Emerging autocorrelation shows the relationship between Siit Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Emerging Markets.
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 Emerging 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 Emerging security.
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