Sierra E Retirement Fund Market Value
| SIRCX Fund | USD 23.11 0.01 0.04% |
| Symbol | Sierra |
Sierra Core '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 Sierra Core'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 Sierra Core.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in Sierra Core on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding Sierra E Retirement or generate 0.0% return on investment in Sierra Core over 570 days. Sierra Core is related to or competes with All Asset, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. The fund is a fund of funds. The Adviser seeks to achieve the funds investment objectives by investing in open-end inves... More
Sierra Core 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 Sierra Core'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 Sierra E Retirement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2807 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.27 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.4378 |
Sierra Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sierra Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sierra Core's standard deviation. In reality, there are many statistical measures that can use Sierra Core historical prices to predict the future Sierra Core's volatility.| Risk Adjusted Performance | 0.0406 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.39) | |||
| Treynor Ratio | 0.0422 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sierra Core'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.
Sierra E Retirement Backtested Returns
At this stage we consider Sierra Mutual Fund to be very steady. Sierra E Retirement owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0814, which indicates the fund had a 0.0814% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sierra E Retirement, which you can use to evaluate the volatility of the fund. Please validate Sierra Core's Semi Deviation of 0.1785, risk adjusted performance of 0.0406, and Coefficient Of Variation of 1298.12 to confirm if the risk estimate we provide is consistent with the expected return of 0.0225%. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sierra Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sierra Core is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Sierra E Retirement has poor predictability. Overlapping area represents the amount of predictability between Sierra Core time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th 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 Sierra E Retirement price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Sierra Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Sierra E Retirement lagged returns against current returns
Autocorrelation, which is Sierra Core 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 Sierra Core's mutual fund expected returns. We can calculate the autocorrelation of Sierra Core returns to help us make a trade decision. For example, suppose you find that Sierra Core 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 |
Sierra Core 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 Sierra Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sierra Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sierra Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sierra Core Lagged Returns
When evaluating Sierra Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sierra Core mutual fund have on its future price. Sierra Core 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, Sierra Core autocorrelation shows the relationship between Sierra Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sierra E Retirement.
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 Sierra Mutual Fund
Sierra Core financial ratios help investors to determine whether Sierra 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 Sierra with respect to the benefits of owning Sierra Core security.
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