Siit Large Cap Fund Market Value
| LCIAX Fund | USD 231.37 1.93 0.84% |
| Symbol | Siit |
Siit Large '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 Large'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 Large.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Siit Large on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Large Cap or generate 0.0% return on investment in Siit Large over 90 days. Siit Large is related to or competes with Siit Dynamic, Columbia Large, Janus Growth, Nationwide, and Nationwide. The fund invests substantially all of its assets in securities listed in the Russell 1000 Index More
Siit Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.635 | |||
| Information Ratio | 0.0378 | |||
| Maximum Drawdown | 3.95 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.9494 |
Siit Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Large's standard deviation. In reality, there are many statistical measures that can use Siit Large historical prices to predict the future Siit Large's volatility.| Risk Adjusted Performance | 0.16 | |||
| Jensen Alpha | 0.0528 | |||
| Total Risk Alpha | 0.0332 | |||
| Sortino Ratio | 0.0401 | |||
| Treynor Ratio | 0.1838 |
Siit Large Cap Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit Large Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the fund had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Siit Large Cap, which you can use to evaluate the volatility of the fund. Please validate Siit Large's Risk Adjusted Performance of 0.16, coefficient of variation of 449.42, and Semi Deviation of 0.423 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The entity has a beta of 0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siit Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siit Large is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Siit Large Cap has very good predictability. Overlapping area represents the amount of predictability between Siit Large time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Large Cap price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Siit Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 22.2 |
Siit Large Cap lagged returns against current returns
Autocorrelation, which is Siit Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Siit Large returns to help us make a trade decision. For example, suppose you find that Siit Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Large Lagged Returns
When evaluating Siit Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Large mutual fund have on its future price. Siit Large 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 Large autocorrelation shows the relationship between Siit Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Large Cap.
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 Large 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 Large security.
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