Siit Intermediate Duration Fund Market Value
| SIDCX Fund | USD 8.75 0.01 0.11% |
| Symbol | Siit |
Siit Intermediate '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 Intermediate'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 Intermediate.
| 10/02/2024 |
| 01/30/2025 |
If you would invest 0.00 in Siit Intermediate on October 2, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Intermediate Duration or generate 0.0% return on investment in Siit Intermediate over 120 days. Siit Intermediate is related to or competes with Tiaa-cref High-yield, Transamerica High, Victory High, Artisan High, Virtus High, Janus High-yield, and Lord Abbett. The fund will invest at least 80 percent of its net assets in investment grade U.S More
Siit Intermediate 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 Intermediate'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 Intermediate Duration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.6 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.7937 |
Siit Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Intermediate's standard deviation. In reality, there are many statistical measures that can use Siit Intermediate historical prices to predict the future Siit Intermediate's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (1.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Siit Intermediate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Siit Intermediate Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit Intermediate owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the fund had a close to zero % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Siit Intermediate Duration, which you can use to evaluate the volatility of the fund. Please validate Siit Intermediate's Variance of 0.1239, risk adjusted performance of (0.03), and Coefficient Of Variation of (5,592) to confirm if the risk estimate we provide is consistent with the expected return of 0.0026%. The entity has a beta of 0.0122, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Siit Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit Intermediate is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Siit Intermediate Duration has good predictability. Overlapping area represents the amount of predictability between Siit Intermediate time series from 2nd of October 2024 to 1st of December 2024 and 1st of December 2024 to 30th of January 2025. 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 Intermediate price movement. The serial correlation of 0.71 indicates that around 71.0% of current Siit Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Siit Intermediate lagged returns against current returns
Autocorrelation, which is Siit Intermediate 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 Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Siit Intermediate returns to help us make a trade decision. For example, suppose you find that Siit Intermediate 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 Intermediate 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 Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Intermediate 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 Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Intermediate Lagged Returns
When evaluating Siit Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Intermediate mutual fund have on its future price. Siit Intermediate 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 Intermediate autocorrelation shows the relationship between Siit Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Intermediate 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 Intermediate 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 Intermediate security.
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