Use Sierra Core to protect against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Sierra Core to be traded at $22.66 in 30 days
Sierra Core Daily Price Distribution
The median price of Sierra Core for the period between Sun, Jul 24, 2016 and Tue, Aug 23, 2016 is 22.89 with a coefficient of variation of 0.43. The daily time series for the period is distributed with a sample standard deviation of 0.1, arithmetic mean of 22.83, and mean deviation of 0.08. The Fund did not receive any noticable media coverage during the period.
Sierra Core Summary
Sierra Core Retirement R [SIRRX] is traded in USA and was established in December 24, 2007. The fund is listed under Multisector Bond category and is part of Sierra Trust family. This fund at this time has accumulated 455.44 M in assets with minimum initial investment of 100 K. Sierra Core Retirement R is currently producing year-to-date (YTD) return of 4.44% with the current yeild of 2.19%, while the total return for the last 3 years was 13.95%.
Sierra Core Retirement R maintains roughly 19.81% of its assets in cash
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Correlation analysis and pair trading evaluation for Sierra Core and PIMCO Income D. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return