Siit Sp 500 Fund Market Value
| SPINX Fund | USD 25.16 0.09 0.36% |
| Symbol | Siit |
Siit Sp '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 Sp'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 Sp.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Siit Sp on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Sp 500 or generate 0.0% return on investment in Siit Sp over 30 days. Siit Sp is related to or competes with Columbia Large, T Rowe, Northern Stock, Siit Dynamic, and State Street. The fund invests substantially all of its assets in securities listed in the SP 500 Index, which is composed of approxim... More
Siit Sp 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 Sp'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 Sp 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8366 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.19 |
Siit Sp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Sp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Sp's standard deviation. In reality, there are many statistical measures that can use Siit Sp historical prices to predict the future Siit Sp's volatility.| Risk Adjusted Performance | 0.0909 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0958 |
Siit Sp 500 Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit Sp 500 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Siit Sp 500, which you can use to evaluate the volatility of the fund. Please validate Siit Sp's Semi Deviation of 0.6874, risk adjusted performance of 0.0909, and Coefficient Of Variation of 842.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The entity has a beta of 0.87, which indicates possible diversification benefits within a given portfolio. Siit Sp returns are very sensitive to returns on the market. As the market goes up or down, Siit Sp is expected to follow.
Auto-correlation | 0.59 |
Modest predictability
Siit Sp 500 has modest predictability. Overlapping area represents the amount of predictability between Siit Sp time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Sp 500 price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Siit Sp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Siit Sp 500 lagged returns against current returns
Autocorrelation, which is Siit Sp 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 Sp's mutual fund expected returns. We can calculate the autocorrelation of Siit Sp returns to help us make a trade decision. For example, suppose you find that Siit Sp 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 Sp 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 Sp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Sp 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 Sp mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Sp Lagged Returns
When evaluating Siit Sp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Sp mutual fund have on its future price. Siit Sp 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 Sp autocorrelation shows the relationship between Siit Sp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Sp 500.
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 Sp 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 Sp security.
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