Sierra Tactical Risk Fund Market Value
| SRFQX Fund | USD 24.78 0.01 0.04% |
| Symbol | Sierra |
Sierra Tactical '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 Sierra Tactical'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 Sierra Tactical.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Sierra Tactical on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Sierra Tactical Risk or generate 0.0% return on investment in Sierra Tactical over 720 days. Sierra Tactical is related to or competes with Davis Financial, 1919 Financial, Prudential Jennison, Transamerica Financial, and Gabelli Global. The Adviser seeks to achieve the funds investment objective by investing in a combination of unaffiliated mutual funds a... More
Sierra Tactical 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 Sierra Tactical'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 Sierra Tactical Risk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3144 | |||
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.6216 |
Sierra Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sierra Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sierra Tactical's standard deviation. In reality, there are many statistical measures that can use Sierra Tactical historical prices to predict the future Sierra Tactical's volatility.| Risk Adjusted Performance | 0.09 | |||
| Jensen Alpha | 0.0273 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | 0.7034 |
Sierra Tactical Risk Backtested Returns
At this stage we consider Sierra Mutual Fund to be out of control. Sierra Tactical Risk owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sierra Tactical Risk, which you can use to evaluate the volatility of the fund. Please validate Sierra Tactical's Coefficient Of Variation of 734.88, risk adjusted performance of 0.09, and Semi Deviation of 0.1367 to confirm if the risk estimate we provide is consistent with the expected return of 0.0433%. The entity has a beta of 0.0474, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sierra Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sierra Tactical is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Sierra Tactical Risk has insignificant predictability. Overlapping area represents the amount of predictability between Sierra Tactical time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Sierra Tactical Risk price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Sierra Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Sierra Tactical Risk lagged returns against current returns
Autocorrelation, which is Sierra Tactical 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 Sierra Tactical's mutual fund expected returns. We can calculate the autocorrelation of Sierra Tactical returns to help us make a trade decision. For example, suppose you find that Sierra Tactical 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 |
Sierra Tactical 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 Sierra Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sierra Tactical mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sierra Tactical mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sierra Tactical Lagged Returns
When evaluating Sierra Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sierra Tactical mutual fund have on its future price. Sierra Tactical 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, Sierra Tactical autocorrelation shows the relationship between Sierra Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sierra Tactical Risk.
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 Sierra Mutual Fund
Sierra Tactical financial ratios help investors to determine whether Sierra 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 Sierra with respect to the benefits of owning Sierra Tactical security.
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