Simt High Yield Fund Market Value
| SIYYX Fund | USD 5.42 0.01 0.18% |
| Symbol | Simt |
Simt 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 Simt 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 Simt High.
| 08/05/2023 |
| 11/27/2024 |
If you would invest 0.00 in Simt High on August 5, 2023 and sell it all today you would earn a total of 0.00 from holding Simt High Yield or generate 0.0% return on investment in Simt High over 480 days. Simt High is related to or competes with Artisan High, Sit Emerging, Sit International, Stet Intermediate, and Federated Institutional. The fund will invest at least 80 percent of its net assets in high yield fixed income securities More
Simt 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 Simt 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 Simt High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2106 | |||
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.3738 |
Simt High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simt High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simt High's standard deviation. In reality, there are many statistical measures that can use Simt High historical prices to predict the future Simt High's volatility.| Risk Adjusted Performance | 0.1096 | |||
| Jensen Alpha | 0.0215 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.44) | |||
| Treynor Ratio | 0.5898 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Simt High'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.
Simt High Yield Backtested Returns
At this stage we consider Simt Mutual Fund to be very steady. Simt High Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Simt High Yield, which you can use to evaluate the volatility of the fund. Please validate Simt High's Risk Adjusted Performance of 0.1096, standard deviation of 0.2078, and Downside Deviation of 0.2106 to confirm if the risk estimate we provide is consistent with the expected return of 0.0412%. The entity has a beta of 0.0459, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Simt High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Simt High is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Simt High Yield has very good predictability. Overlapping area represents the amount of predictability between Simt High time series from 5th of August 2023 to 1st of April 2024 and 1st of April 2024 to 27th 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 Simt High Yield price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Simt High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Simt High Yield lagged returns against current returns
Autocorrelation, which is Simt 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 Simt High's mutual fund expected returns. We can calculate the autocorrelation of Simt High returns to help us make a trade decision. For example, suppose you find that Simt 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 |
Simt 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 Simt High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simt 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 Simt High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Simt High Lagged Returns
When evaluating Simt High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simt High mutual fund have on its future price. Simt 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, Simt High autocorrelation shows the relationship between Simt High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Simt 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 Simt Mutual Fund
Simt High financial ratios help investors to determine whether Simt 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 Simt with respect to the benefits of owning Simt High security.
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