Sierra Strategic Income Fund Quote
| SSIRX Fund | USD 19.65 0.01 0.05% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Sierra Strategic is trading at 19.65 as of the 18th of April 2024; that is -0.05% down since the beginning of the trading day. The fund's open price was 19.66. Sierra Strategic has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Sierra Strategic Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of May 2023 and ending today, the 18th of April 2024. Click here to learn more.
The fund invests in open-end investment companies , exchange-traded funds . It invests in underlying funds without restriction as to issuer credit quality , capitalization, country or the individual security maturity of the securities held by the underlying funds. More on Sierra Strategic Income
Moving together with Sierra Mutual Fund
| 0.88 | SRTJX | Sierra Tactical Risk | PairCorr |
| 0.88 | SRTNX | Sierra Tactical Risk | PairCorr |
| 1.0 | SSIIX | Sierra Strategic | PairCorr |
| 0.99 | SSICX | Sierra Strategic | PairCorr |
| 1.0 | SSIZX | Sierra Strategic | PairCorr |
| 0.9 | STBDX | Sierra Tactical Bond | PairCorr |
Sierra Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Sierra Strategic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Sierra Strategic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Sierra Mutual Funds, Large Funds, Nontraditional Bond Funds, Nontraditional Bond, Sierra Mutual Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of January 2023 |
| Fiscal Year End | September |
Sierra Strategic Income [SSIRX] is traded in USA and was established 18th of April 2024. Sierra Strategic is listed under Sierra Mutual Funds category by Fama And French industry classification. The fund is listed under Nontraditional Bond category and is part of Sierra Mutual Funds family. This fund at this time has accumulated 1.99 B in assets with minimum initial investment of 100 K. Sierra Strategic is currently producing year-to-date (YTD) return of 0.58% with the current yeild of 0.04%, while the total return for the last 3 years was -0.1%.
Check Sierra Strategic Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Sierra Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Sierra Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Sierra Strategic Income Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Sierra Strategic Income Mutual Fund Constituents
| RITGX | American High Income | Mutual Fund | High Yield Bond |
| MMHIX | Mainstay High Yield | Mutual Fund | High Yield Muni |
| JEMDX | Jpmorgan Emerging Markets | Mutual Fund | Emerging Markets Bond |
| TLT | iShares 20 Year | Etf | Long Government |
| PEBIX | Emerging Markets Bond | Mutual Fund | Emerging Markets Bond |
| IOFIX | Alphacentric Income Opportunities | Mutual Fund | Multisector Bond |
| ORNYX | Oppenheimer Roc High | Mutual Fund | High Yield Muni |
Sierra Strategic Target Price Odds Analysis
Based on a normal probability distribution, the odds of Sierra Strategic jumping above the current price in 90 days from now is about 89.44%. The Sierra Strategic Income probability density function shows the probability of Sierra Strategic mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Sierra Strategic has a beta of 0.2495. This usually implies as returns on the market go up, Sierra Strategic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sierra Strategic Income will be expected to be much smaller as well. Additionally, sierra Strategic Income has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Sierra Strategic to move above the current price in 90 days from now is about 89.44 (This Sierra Strategic Income probability density function shows the probability of Sierra Mutual Fund to fall within a particular range of prices over 90 days) .
Sierra Strategic Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Sierra Strategic market risk premium is the additional return an investor will receive from holding Sierra Strategic long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Sierra Strategic. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Sierra Strategic's alpha and beta are two of the key measurements used to evaluate Sierra Strategic's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1868 | |||
| Standard Deviation | 0.2481 | |||
| Variance | 0.0616 | |||
| Risk Adjusted Performance | (0.04) |
Sierra Strategic Against Markets
Picking the right benchmark for Sierra Strategic mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Sierra Strategic mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Sierra Strategic is critical whether you are bullish or bearish towards Sierra Strategic Income at a given time. Please also check how Sierra Strategic's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sierra Strategic without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |
How to buy Sierra Mutual Fund?
Before investing in Sierra Strategic, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Sierra Strategic. To buy Sierra Strategic fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Sierra Strategic. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Sierra Strategic fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Sierra Strategic Income fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Sierra Strategic Income fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Sierra Strategic Income, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Sierra Strategic Income?
The danger of trading Sierra Strategic Income is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sierra Strategic is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sierra Strategic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sierra Strategic is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sierra Strategic Income. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..