Simt Mid Cap Fund Market Value
| SIPIX Fund | USD 29.27 0.02 0.07% |
| Symbol | Simt |
Simt Mid '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 Simt Mid'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 Simt Mid.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Simt Mid on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Simt Mid Cap or generate 0.0% return on investment in Simt Mid over 90 days. Simt Mid is related to or competes with Government Street, Federated Mdt, Janus Enterprise, Victory Integrity, and Virtus Kar. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities of medium-si... More
Simt Mid 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 Simt Mid'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 Simt Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8131 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.3 |
Simt Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simt Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simt Mid's standard deviation. In reality, there are many statistical measures that can use Simt Mid historical prices to predict the future Simt Mid's volatility.| Risk Adjusted Performance | 0.0679 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0605 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Simt Mid's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Simt Mid Cap Backtested Returns
We consider Simt Mid very steady. Simt Mid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0887, which indicates the fund had a 0.0887% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Simt Mid Cap, which you can use to evaluate the volatility of the fund. Please validate Simt Mid's Semi Deviation of 0.7304, coefficient of variation of 944.08, and Risk Adjusted Performance of 0.0679 to confirm if the risk estimate we provide is consistent with the expected return of 0.0688%. The entity has a beta of 1.17, 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, Simt Mid will likely underperform.
Auto-correlation | -0.66 |
Very good reverse predictability
Simt Mid Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Simt Mid time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 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 Simt Mid Cap price movement. The serial correlation of -0.66 indicates that around 66.0% of current Simt Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Simt Mid Cap lagged returns against current returns
Autocorrelation, which is Simt Mid 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 Simt Mid's mutual fund expected returns. We can calculate the autocorrelation of Simt Mid returns to help us make a trade decision. For example, suppose you find that Simt Mid 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 |
Simt Mid 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 Simt Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simt Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simt Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Simt Mid Lagged Returns
When evaluating Simt Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simt Mid mutual fund have on its future price. Simt Mid 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, Simt Mid autocorrelation shows the relationship between Simt Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Simt Mid Cap.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Simt Mid Correlation, Simt Mid Volatility and Simt Mid Alpha and Beta module to complement your research on Simt Mid. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Simt Mid technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.