Sierra Strategic Income Fund Market Value
| SSIZX Fund | USD 20.25 0.02 0.1% |
| Symbol | Sierra |
Sierra Strategic '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 Strategic'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 Strategic.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Sierra Strategic on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Sierra Strategic Income or generate 0.0% return on investment in Sierra Strategic over 450 days. Sierra Strategic is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and American Century. The fund invests in open-end investment companies , exchange-traded funds More
Sierra Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2139 | |||
| Information Ratio | (0.74) | |||
| Maximum Drawdown | 0.788 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.2935 |
Sierra Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sierra Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sierra Strategic's standard deviation. In reality, there are many statistical measures that can use Sierra Strategic historical prices to predict the future Sierra Strategic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.60) | |||
| Treynor Ratio | (0.14) |
Sierra Strategic Income Backtested Returns
At this stage we consider Sierra Mutual Fund to be very steady. Sierra Strategic Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0184, which indicates the fund had a 0.0184% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sierra Strategic Income, which you can use to evaluate the volatility of the fund. Please validate Sierra Strategic's Risk Adjusted Performance of (0.03), coefficient of variation of 10570.34, and Semi Deviation of 0.175 to confirm if the risk estimate we provide is consistent with the expected return of 0.0032%. The entity has a beta of 0.0615, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sierra Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sierra Strategic is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Sierra Strategic Income has very good predictability. Overlapping area represents the amount of predictability between Sierra Strategic time series from 4th of September 2023 to 16th of April 2024 and 16th 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 Sierra Strategic Income price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Sierra Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Sierra Strategic Income lagged returns against current returns
Autocorrelation, which is Sierra Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Sierra Strategic returns to help us make a trade decision. For example, suppose you find that Sierra Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sierra Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sierra Strategic Lagged Returns
When evaluating Sierra Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sierra Strategic mutual fund have on its future price. Sierra Strategic 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 Strategic autocorrelation shows the relationship between Sierra Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sierra Strategic Income.
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 Strategic 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 Strategic security.
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