Siit Managed Volatility Fund Market Value
| SVYAX Fund | USD 13.08 0.02 0.15% |
| Symbol | Siit |
Siit Us '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 Us' 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 Us.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Siit Us on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Managed Volatility or generate 0.0% return on investment in Siit Us over 30 days. Siit Us is related to or competes with Rbb Fund, Eic Value, Nasdaq 100, Qs Growth, Commonwealth Global, Semiconductor Ultrasector, and Omni Small-cap. The fund will invest at least 80 percent of its net assets in equity securities of U.S More
Siit Us 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 Us' 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 Managed Volatility upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5412 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.895 |
Siit Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Us' standard deviation. In reality, there are many statistical measures that can use Siit Us historical prices to predict the future Siit Us' volatility.| Risk Adjusted Performance | 0.1256 | |||
| Jensen Alpha | 0.0034 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1327 |
Siit Managed Volatility Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit Managed Volatility owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Siit Managed Volatility, which you can use to evaluate the volatility of the fund. Please validate Siit Us' Coefficient Of Variation of 595.18, semi deviation of 0.3487, and Risk Adjusted Performance of 0.1256 to confirm if the risk estimate we provide is consistent with the expected return of 0.0966%. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siit Us' returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit Us is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Siit Managed Volatility has good predictability. Overlapping area represents the amount of predictability between Siit Us time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Managed Volatility price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Siit Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Siit Managed Volatility lagged returns against current returns
Autocorrelation, which is Siit Us 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 Us' mutual fund expected returns. We can calculate the autocorrelation of Siit Us returns to help us make a trade decision. For example, suppose you find that Siit Us 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 Us 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 Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Us 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 Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Us Lagged Returns
When evaluating Siit Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Us mutual fund have on its future price. Siit Us 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 Us autocorrelation shows the relationship between Siit Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Managed Volatility.
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 Us 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 Us security.
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