Siit World Equity Fund Market Value
| WEUSX Fund | USD 12.63 0.01 0.08% |
| 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.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Siit World on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Siit World Equity or generate 0.0% return on investment in Siit World over 720 days. Siit World is related to or competes with Victory Rs, Smallcap Growth, L Abbett, T Rowe, Pace Smallmedium, T Rowe, and Champlain Mid. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities of foreign c... 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 Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.02 |
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 | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.8564 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Siit World's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Siit World Equity Backtested Returns
Siit World Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0633, which indicates the fund had a -0.0633% return per unit of risk over the last 3 months. Siit World Equity exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siit World's Coefficient Of Variation of (3,054), risk adjusted performance of (0.03), and Variance of 0.4775 to confirm the risk estimate we provide. The entity has a beta of -0.0381, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Siit World are expected to decrease at a much lower rate. During the bear market, Siit World is likely to outperform the market.
Auto-correlation | 0.21 |
Weak predictability
Siit World Equity has weak predictability. Overlapping area represents the amount of predictability between Siit World time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 World Equity price movement. The serial correlation of 0.21 indicates that over 21.0% of current Siit World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Siit World Equity 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 Equity.
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 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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