Sierra Tactical Risk Fund Market Value

SRTNX Fund   26.72  0.03  0.11%   
Sierra Tactical's market value is the price at which a share of Sierra Tactical trades on a public exchange. It measures the collective expectations of Sierra Tactical Risk investors about its performance. Sierra Tactical is trading at 26.72 as of the 23rd of February 2025; that is 0.11 percent down since the beginning of the trading day. The fund's open price was 26.75.
With this module, you can estimate the performance of a buy and hold strategy of Sierra Tactical Risk and determine expected loss or profit from investing in Sierra Tactical over a given investment horizon. Check out Sierra Tactical Correlation, Sierra Tactical Volatility and Sierra Tactical Alpha and Beta module to complement your research on Sierra Tactical.
Symbol

Please note, there is a significant difference between Sierra Tactical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sierra Tactical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sierra Tactical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Sierra Tactical '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 Tactical'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 Tactical.
0.00
01/24/2025
No Change 0.00  0.0 
In 31 days
02/23/2025
0.00
If you would invest  0.00  in Sierra Tactical on January 24, 2025 and sell it all today you would earn a total of 0.00 from holding Sierra Tactical Risk or generate 0.0% return on investment in Sierra Tactical over 30 days. Sierra Tactical is related to or competes with Delaware Limited-term, Wilmington Diversified, Lord Abbett, Elfun Diversified, Global Diversified, Fidelity Advisor, and Stone Ridge. Under normal market conditions, the funds target exposure over a three-year period to equity securities, of any market c... More

Sierra Tactical 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 Tactical'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 Tactical Risk upside and downside potential and time the market with a certain degree of confidence.

Sierra Tactical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sierra Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sierra Tactical's standard deviation. In reality, there are many statistical measures that can use Sierra Tactical historical prices to predict the future Sierra Tactical's volatility.
Hype
Prediction
LowEstimatedHigh
26.3226.7227.12
Details
Intrinsic
Valuation
LowRealHigh
26.3026.7027.10
Details
Naive
Forecast
LowNextHigh
26.2826.6827.08
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.5326.6626.79
Details

Sierra Tactical Risk Backtested Returns

Sierra Tactical Risk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0481, which indicates the fund had a -0.0481 % return per unit of risk over the last 3 months. Sierra Tactical Risk exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sierra Tactical's Coefficient Of Variation of (14,631), variance of 0.1505, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sierra Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sierra Tactical is expected to be smaller as well.

Auto-correlation

    
  0.23  

Weak predictability

Sierra Tactical Risk has weak predictability. Overlapping area represents the amount of predictability between Sierra Tactical time series from 24th of January 2025 to 8th of February 2025 and 8th of February 2025 to 23rd 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 Sierra Tactical Risk price movement. The serial correlation of 0.23 indicates that over 23.0% of current Sierra Tactical price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.0
Sierra ReturnsSierra Lagged ReturnsDiversified AwaySierra ReturnsSierra Lagged ReturnsDiversified Away100%

Sierra Tactical Risk lagged returns against current returns

Autocorrelation, which is Sierra Tactical 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 Tactical's mutual fund expected returns. We can calculate the autocorrelation of Sierra Tactical returns to help us make a trade decision. For example, suppose you find that Sierra Tactical 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   
JavaScript chart by amCharts 3.21.15Feb 10Feb 12Feb 14Feb 16Feb 18Feb 20Feb 22-0.3%-0.2%-0.1%0%0.1%0.2%0.3%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Sierra Tactical 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 Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sierra Tactical 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 Tactical mutual fund over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Feb 10Feb 12Feb 14Feb 16Feb 18Feb 20Feb 2226.5826.6026.6226.6426.6626.6826.7026.7226.74
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Sierra Tactical Lagged Returns

When evaluating Sierra Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sierra Tactical mutual fund have on its future price. Sierra Tactical 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 Tactical autocorrelation shows the relationship between Sierra Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sierra Tactical Risk.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Jan 24Jan 28FebFeb 05Feb 09Feb 13Feb 17Feb 2126.5526.6026.6526.7026.75
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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Other Information on Investing in Sierra Mutual Fund

Sierra Tactical 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 Tactical security.
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