Sierra Strategic Equity Positions Weight vs. Three Year Return
| SSIRX Fund | USD 20.17 0.02 0.1% |
For Sierra Strategic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sierra Strategic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sierra Strategic Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sierra Strategic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sierra Strategic Income over time as well as its relative position and ranking within its peers.
Sierra |
Sierra Strategic Income Three Year Return vs. Equity Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sierra Strategic's current stock value. Our valuation model uses many indicators to compare Sierra Strategic value to that of its competitors to determine the firm's financial worth. Sierra Strategic Income is rated top fund in equity positions weight among similar funds. It is rated fourth largest fund in three year return among similar funds reporting about 0.61 of Three Year Return per Equity Positions Weight. The ratio of Equity Positions Weight to Three Year Return for Sierra Strategic Income is roughly 1.64 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Sierra Strategic's earnings, one of the primary drivers of an investment's value.Sierra Three Year Return vs. Equity Positions Weight
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Sierra Strategic |
| = | 2.13 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Sierra Strategic |
| = | 1.30 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Sierra Three Year Return Comparison
Sierra Strategic is currently under evaluation in three year return among similar funds.
Sierra Strategic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sierra Strategic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sierra Strategic will eventually generate negative long term returns. The profitability progress is the general direction of Sierra Strategic's change in net profit over the period of time. It can combine multiple indicators of Sierra Strategic, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests in open-end investment companies , exchange-traded funds . It invests in underlying funds without restriction as to issuer credit quality , capitalization, country or the individual security maturity of the securities held by the underlying funds.
Sierra Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sierra Strategic. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Sierra Strategic position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Sierra Strategic's important profitability drivers and their relationship over time.
Use Sierra Strategic in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sierra Strategic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sierra Strategic will appreciate offsetting losses from the drop in the long position's value.Sierra Strategic Pair Trading
Sierra Strategic Income Pair Trading Analysis
The ability to find closely correlated positions to Sierra Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sierra Strategic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sierra Strategic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sierra Strategic Income to buy it.
The correlation of Sierra Strategic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sierra Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sierra Strategic Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sierra Strategic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Sierra Strategic position
In addition to having Sierra Strategic in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Medical Equipment Thematic Idea Now
Medical Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Medical Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Medical Equipment Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Sierra Mutual Fund
To fully project Sierra Strategic's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sierra Strategic Income at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Sierra Strategic's income statement, its balance sheet, and the statement of cash flows.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |