Siit Ultra Short Fund Market Value
| SUSAX Fund | USD 9.96 0.01 0.10% |
| Symbol | Siit |
Siit Ultra '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 Ultra'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 Ultra.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Siit Ultra on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Ultra Short or generate 0.0% return on investment in Siit Ultra over 30 days. Siit Ultra is related to or competes with Goldman Sachs, Deutsche Real, Prudential Real, Guggenheim Risk, and Baron Real. Under normal circumstances, the fund invests at least 80 percent of its net assets in investment grade U.S More
Siit Ultra 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 Ultra'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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1052 | |||
| Information Ratio | (0.75) | |||
| Maximum Drawdown | 0.5075 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1017 |
Siit Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Ultra's standard deviation. In reality, there are many statistical measures that can use Siit Ultra historical prices to predict the future Siit Ultra's volatility.| Risk Adjusted Performance | 0.0846 | |||
| Jensen Alpha | 0.0108 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.72) | |||
| Treynor Ratio | (1.05) |
Siit Ultra Short Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit Ultra Short owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Siit Ultra Short, which you can use to evaluate the volatility of the fund. Please validate Siit Ultra's Risk Adjusted Performance of 0.0846, downside deviation of 0.1052, and Standard Deviation of 0.1006 to confirm if the risk estimate we provide is consistent with the expected return of 0.019%. The entity has a beta of -0.0095, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Siit Ultra are expected to decrease at a much lower rate. During the bear market, Siit Ultra is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
Siit Ultra Short has very weak reverse predictability. Overlapping area represents the amount of predictability between Siit Ultra time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Ultra Short price movement. The serial correlation of -0.01 indicates that just 1.0% of current Siit Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Siit Ultra Short lagged returns against current returns
Autocorrelation, which is Siit Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Siit Ultra returns to help us make a trade decision. For example, suppose you find that Siit Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Ultra 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 Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Ultra Lagged Returns
When evaluating Siit Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Ultra mutual fund have on its future price. Siit Ultra 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 Ultra autocorrelation shows the relationship between Siit Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Ultra Short.
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 Ultra 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 Ultra security.
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