Siit Screened World Fund Market Value
| SSEAX Fund | USD 11.55 0.06 0.52% |
| Symbol | Siit |
Siit Screened '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 Screened'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 Screened.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Siit Screened on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Screened World or generate 0.0% return on investment in Siit Screened over 30 days. Siit Screened is related to or competes with Simt Multi, Saat Market, Simt Real, Simt Small, Saat Aggressive, Saat Aggressive, and Siit Small. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities of foreign c... More
Siit Screened 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 Screened'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 Screened World upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.12 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 0.9607 |
Siit Screened Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Screened's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Screened's standard deviation. In reality, there are many statistical measures that can use Siit Screened historical prices to predict the future Siit Screened's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.09) |
Siit Screened World Backtested Returns
Siit Screened World owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0362, which indicates the fund had a -0.0362% return per unit of risk over the last 3 months. Siit Screened World exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siit Screened's Variance of 0.449, coefficient of variation of (2,978), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siit Screened's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit Screened is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Siit Screened World has below average predictability. Overlapping area represents the amount of predictability between Siit Screened time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Screened World price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Siit Screened price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Siit Screened World lagged returns against current returns
Autocorrelation, which is Siit Screened 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 Screened's mutual fund expected returns. We can calculate the autocorrelation of Siit Screened returns to help us make a trade decision. For example, suppose you find that Siit Screened 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 Screened 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 Screened mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Screened 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 Screened mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Screened Lagged Returns
When evaluating Siit Screened's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Screened mutual fund have on its future price. Siit Screened 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 Screened autocorrelation shows the relationship between Siit Screened mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Screened World.
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 Screened 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 Screened security.
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