Siit World Select Fund Market Value
| SWSAX Fund | USD 11.90 0.07 0.59% |
| Symbol | Siit |
Siit World '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 World'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 World.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Siit World on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Siit World Select or generate 0.0% return on investment in Siit World over 30 days. Siit World is related to or competes with Simt Multi-asset, Saat Market, Simt Real, Simt Small, Siit Screened, Saat Aggressive, and Saat Aggressive. The fund will invest at least 80 percent of its net assets in equity securities of U.S More
Siit World 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 World'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 World Select upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.24 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.7905 |
Siit World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit World's standard deviation. In reality, there are many statistical measures that can use Siit World historical prices to predict the future Siit World's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.38) |
Siit World Select Backtested Returns
Siit World Select owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0848, which indicates the fund had a -0.0848% return per unit of risk over the last 3 months. Siit World Select exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siit World's Variance of 1.45, coefficient of variation of (1,145), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siit World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit World is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Siit World Select has poor reverse predictability. Overlapping area represents the amount of predictability between Siit World time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Siit World Select price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Siit World price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Siit World Select lagged returns against current returns
Autocorrelation, which is Siit World 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 World's mutual fund expected returns. We can calculate the autocorrelation of Siit World returns to help us make a trade decision. For example, suppose you find that Siit World 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 World 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 World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit World 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 World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit World Lagged Returns
When evaluating Siit World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit World mutual fund have on its future price. Siit World 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 World autocorrelation shows the relationship between Siit World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit World Select.
Regressed Prices |
| Timeline |
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Other Information on Investing in Siit Mutual Fund
Siit World 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 World security.
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