Siit Extended Market Fund Market Value
| SMXAX Fund | USD 16.12 0.04 0.25% |
| Symbol | Siit |
Siit Extended '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 Extended'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 Extended.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Siit Extended on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Siit Extended Market or generate 0.0% return on investment in Siit Extended over 90 days. Siit Extended is related to or competes with Virtus Convertible, Lord Abbett, Calamos Convertible, Columbia Convertible, Fidelity Convertible, Calamos Dynamic, and Victory Incore. The fund is managed using a passiveindexing investment approach and invests substantially all of its assets in securitie... More
Siit Extended 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 Extended'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 Extended Market upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.24 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 1.37 |
Siit Extended Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siit Extended's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siit Extended's standard deviation. In reality, there are many statistical measures that can use Siit Extended historical prices to predict the future Siit Extended's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.44) |
Siit Extended Market Backtested Returns
Siit Extended Market owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the fund had a -0.19 % return per unit of risk over the last 3 months. Siit Extended Market exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siit Extended's Variance of 4.22, risk adjusted performance of (0.15), and Coefficient Of Variation of (538.11) to confirm the risk estimate we provide. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. Siit Extended returns are very sensitive to returns on the market. As the market goes up or down, Siit Extended is expected to follow.
Auto-correlation | 0.04 |
Virtually no predictability
Siit Extended Market has virtually no predictability. Overlapping area represents the amount of predictability between Siit Extended time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 2025. 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 Extended Market price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Siit Extended price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Siit Extended Market lagged returns against current returns
Autocorrelation, which is Siit Extended 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 Extended's mutual fund expected returns. We can calculate the autocorrelation of Siit Extended returns to help us make a trade decision. For example, suppose you find that Siit Extended 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 Extended 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 Extended mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siit Extended 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 Extended mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Siit Extended Lagged Returns
When evaluating Siit Extended's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siit Extended mutual fund have on its future price. Siit Extended 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 Extended autocorrelation shows the relationship between Siit Extended mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Siit Extended Market.
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 Extended 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 Extended security.
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