Stet California Municipal Fund Market Value
| SBDAX Fund | USD 10.29 0.01 0.1% |
| Symbol | Stet |
Stet California '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 Stet California'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 Stet California.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Stet California on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Stet California Municipal or generate 0.0% return on investment in Stet California over 30 days. Stet California is related to or competes with Morningstar Aggressive, California High, Lgm Risk, T Rowe, and Ppm High. The fund will invest, under normal circumstances, at least 80 percent of its net assets in investment grade municipal se... More
Stet California 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 Stet California'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 Stet California Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3108 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 1.08 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.1974 |
Stet California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stet California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stet California's standard deviation. In reality, there are many statistical measures that can use Stet California historical prices to predict the future Stet California's volatility.| Risk Adjusted Performance | 0.0064 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | (0.07) |
Stet California Municipal Backtested Returns
At this stage we consider Stet Mutual Fund to be out of control. Stet California Municipal owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0167, which indicates the fund had a 0.0167% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Stet California Municipal, which you can use to evaluate the volatility of the fund. Please validate Stet California's Risk Adjusted Performance of 0.0064, semi deviation of 0.167, and Coefficient Of Variation of 2134.72 to confirm if the risk estimate we provide is consistent with the expected return of 0.0033%. The entity has a beta of 0.013, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Stet California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stet California is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
Stet California Municipal has good predictability. Overlapping area represents the amount of predictability between Stet California time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 Stet California Municipal price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Stet California price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stet California Municipal lagged returns against current returns
Autocorrelation, which is Stet California 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 Stet California's mutual fund expected returns. We can calculate the autocorrelation of Stet California returns to help us make a trade decision. For example, suppose you find that Stet California 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 |
Stet California 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 Stet California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stet California mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stet California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stet California Lagged Returns
When evaluating Stet California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stet California mutual fund have on its future price. Stet California 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, Stet California autocorrelation shows the relationship between Stet California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stet California Municipal.
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 Stet Mutual Fund
Stet California financial ratios help investors to determine whether Stet 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 Stet with respect to the benefits of owning Stet California security.
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