Stet Intermediate Term Fund Market Value
| SINYX Fund | USD 11.14 0.04 0.36% |
| Symbol | Stet |
Stet 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 Stet 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 Stet Intermediate.
| 01/14/2024 |
| 02/07/2025 |
If you would invest 0.00 in Stet Intermediate on January 14, 2024 and sell it all today you would earn a total of 0.00 from holding Stet Intermediate Term or generate 0.0% return on investment in Stet Intermediate over 390 days. Stet Intermediate is related to or competes with Sit International, Intermediate Taxamt, Simt High, and Sit Emerging. The fund will invest, under normal circumstances, at least 80 percent of its net assets in investment grade municipal se... More
Stet 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 Stet 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 Stet Intermediate Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2902 | |||
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.17 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.3623 |
Stet Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stet Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stet Intermediate's standard deviation. In reality, there are many statistical measures that can use Stet Intermediate historical prices to predict the future Stet Intermediate's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.0457 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stet 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.
Stet Intermediate Term Backtested Returns
At this stage we consider Stet Mutual Fund to be very steady. Stet Intermediate Term owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0645, which indicates the fund had a 0.0645 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Stet Intermediate Term, which you can use to evaluate the volatility of the fund. Please validate Stet Intermediate's Risk Adjusted Performance of 0.0204, semi deviation of 0.148, and Coefficient Of Variation of 1549.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0124%. The entity has a beta of 0.0525, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Stet Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stet Intermediate is expected to be smaller as well.
Auto-correlation | -0.02 |
Very weak reverse predictability
Stet Intermediate Term has very weak reverse predictability. Overlapping area represents the amount of predictability between Stet Intermediate time series from 14th of January 2024 to 27th of July 2024 and 27th of July 2024 to 7th of February 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 Stet Intermediate Term price movement. The serial correlation of -0.02 indicates that only 2.0% of current Stet Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stet Intermediate Term lagged returns against current returns
Autocorrelation, which is Stet 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 Stet Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Stet Intermediate returns to help us make a trade decision. For example, suppose you find that Stet 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 |
Stet 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 Stet Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stet 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 Stet Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stet Intermediate Lagged Returns
When evaluating Stet Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stet Intermediate mutual fund have on its future price. Stet 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, Stet Intermediate autocorrelation shows the relationship between Stet Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stet Intermediate Term.
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 Stet Mutual Fund
Stet Intermediate financial ratios help investors to determine whether Stet 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 Stet with respect to the benefits of owning Stet Intermediate security.
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