Siit High Yield Fund Market Value
| SGYAX Fund | USD 7.16 0.01 0.14% |
| Symbol | Siit |
Siit High '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 High'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 High.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Siit High on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Siit High Yield or generate 0.0% return on investment in Siit High over 360 days. Siit High is related to or competes with Arrow Managed, Volumetric Fund, T Rowe, Balanced Fund, Aam Select, Abr 75/25, and Qs Us. The fund will invest at least 80 percent of its net assets in high yield fixed income securities More
Siit High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1813 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.2874 |
Siit High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit High's standard deviation. In reality, there are many statistical measures that can use Siit High historical prices to predict the future Siit High's volatility.| Risk Adjusted Performance | 0.1284 | |||
| Jensen Alpha | 0.0256 | |||
| Total Risk Alpha | 0.0053 | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | 0.4369 |
Siit High Yield Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit High Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Siit High Yield, which you can use to evaluate the volatility of the fund. Please validate Siit High's Risk Adjusted Performance of 0.1284, standard deviation of 0.2137, and Downside Deviation of 0.1813 to confirm if the risk estimate we provide is consistent with the expected return of 0.0378%. The entity has a beta of 0.0759, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Siit High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit High is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Siit High Yield has very good predictability. Overlapping area represents the amount of predictability between Siit High time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 High Yield price movement. The serial correlation of 0.85 indicates that around 85.0% of current Siit High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Siit High Yield lagged returns against current returns
Autocorrelation, which is Siit High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Siit High returns to help us make a trade decision. For example, suppose you find that Siit High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit High Lagged Returns
When evaluating Siit High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit High mutual fund have on its future price. Siit High 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 High autocorrelation shows the relationship between Siit High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit High Yield.
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 High 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 High security.
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