Siit Global Managed Fund Market Value
| SGMAX Fund | USD 12.87 0.03 0.23% |
| Symbol | Siit |
Siit Global '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 Global'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 Global.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Siit Global on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Siit Global Managed or generate 0.0% return on investment in Siit Global over 510 days. Siit Global is related to or competes with Simt Multi, Saat Market, Simt Real, Simt Small, Siit Screened, Saat Aggressive, and Saat Aggressive. The fund will typically invest in securities of U.S More
Siit Global 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 Global'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 Global Managed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3997 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.58 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.7103 |
Siit Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Global's standard deviation. In reality, there are many statistical measures that can use Siit Global historical prices to predict the future Siit Global's volatility.| Risk Adjusted Performance | 0.108 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.1195 |
Siit Global Managed Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit Global Managed owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Siit Global Managed, which you can use to evaluate the volatility of the fund. Please validate Siit Global's Semi Deviation of 0.2483, coefficient of variation of 656.52, and Risk Adjusted Performance of 0.108 to confirm if the risk estimate we provide is consistent with the expected return of 0.0578%. The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siit Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit Global is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Siit Global Managed has good predictability. Overlapping area represents the amount of predictability between Siit Global time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Global Managed price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Siit Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Siit Global Managed lagged returns against current returns
Autocorrelation, which is Siit Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Siit Global returns to help us make a trade decision. For example, suppose you find that Siit Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Global Lagged Returns
When evaluating Siit Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Global mutual fund have on its future price. Siit Global 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 Global autocorrelation shows the relationship between Siit Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Global Managed.
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 Global 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 Global security.
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