Sierra Tactical One Year Return vs. Net Asset
| STMEX Fund | USD 25.73 0.10 0.39% |
For Sierra Tactical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sierra Tactical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sierra Tactical Municipal utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sierra Tactical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sierra Tactical Municipal over time as well as its relative position and ranking within its peers.
Sierra |
Sierra Tactical Municipal Net Asset vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sierra Tactical's current stock value. Our valuation model uses many indicators to compare Sierra Tactical value to that of its competitors to determine the firm's financial worth. Sierra Tactical Municipal is rated top fund in one year return among similar funds. It also is rated top fund in net asset among similar funds making up about 59,408,136 of Net Asset per One Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Sierra Tactical's earnings, one of the primary drivers of an investment's value.Sierra Net Asset vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Sierra Tactical |
| = | 5.77 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Sierra Tactical |
| = | 342.88 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Sierra Net Asset Comparison
Sierra Tactical is currently under evaluation in net asset among similar funds.
Sierra Tactical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sierra Tactical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sierra Tactical will eventually generate negative long term returns. The profitability progress is the general direction of Sierra Tactical's change in net profit over the period of time. It can combine multiple indicators of Sierra Tactical, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests in open-end investment companies and exchange-traded funds that primarily invest in tax-exempt municipal bonds , as well as municipal money market funds. Under normal circumstances, the fund invests at least 80 percent of its net assets in funds that primarily invest in municipal bonds or other municipal debt instruments.
Sierra Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sierra Tactical. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Sierra Tactical position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Sierra Tactical's important profitability drivers and their relationship over time.
Use Sierra Tactical in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sierra Tactical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sierra Tactical will appreciate offsetting losses from the drop in the long position's value.Sierra Tactical Pair Trading
Sierra Tactical Municipal Pair Trading Analysis
The ability to find closely correlated positions to Sierra Tactical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sierra Tactical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sierra Tactical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sierra Tactical Municipal to buy it.
The correlation of Sierra Tactical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sierra Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sierra Tactical Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sierra Tactical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Sierra Tactical position
In addition to having Sierra Tactical in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run World Allocation Funds Thematic Idea Now
World Allocation Funds
Funds or Etfs investing in stocks, bonds, and cash of domestic markets as well as in markets of Canada, Japan, and Europe. The World Allocation Funds theme has 44 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize World Allocation Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Sierra Mutual Fund
To fully project Sierra Tactical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sierra Tactical Municipal at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Sierra Tactical's income statement, its balance sheet, and the statement of cash flows.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |