Siit Small Cap Fund Market Value
| SECAX Fund | USD 13.08 0.01 0.08% |
| Symbol | Siit |
Siit Small '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 Small'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 Small.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Siit Small on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Siit Small Cap or generate 0.0% return on investment in Siit Small over 360 days. Siit Small is related to or competes with Delaware Limited-term, Northern Small, T Rowe, Harbor Diversified, Lord Abbett, Pgim Jennison, and The Gabelli. The fund will invest at least 80 percent of its net assets in equity securities of small companies, ETFs based on small ... More
Siit Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9735 | |||
| Information Ratio | 0.0229 | |||
| Maximum Drawdown | 7.07 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.91 |
Siit Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Small's standard deviation. In reality, there are many statistical measures that can use Siit Small historical prices to predict the future Siit Small's volatility.| Risk Adjusted Performance | 0.1007 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.028 | |||
| Treynor Ratio | 0.1004 |
Siit Small Cap Backtested Returns
At this stage we consider Siit Mutual Fund to be very steady. Siit Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Siit Small Cap, which you can use to evaluate the volatility of the fund. Please validate Siit Small's Risk Adjusted Performance of 0.1007, coefficient of variation of 786.93, and Semi Deviation of 0.7801 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. The entity has a beta of 1.41, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Siit Small will likely underperform.
Auto-correlation | 0.62 |
Good predictability
Siit Small Cap has good predictability. Overlapping area represents the amount of predictability between Siit Small time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Small Cap price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Siit Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Siit Small Cap lagged returns against current returns
Autocorrelation, which is Siit Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Siit Small returns to help us make a trade decision. For example, suppose you find that Siit Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Small Lagged Returns
When evaluating Siit Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Small mutual fund have on its future price. Siit Small 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 Small autocorrelation shows the relationship between Siit Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Small 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 Small 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 Small security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |