Simt High Yield Fund Market Value

SIYYX Fund  USD 5.37  0.01  0.19%   
Simt High's market value is the price at which a share of Simt High trades on a public exchange. It measures the collective expectations of Simt High Yield investors about its performance. Simt High is trading at 5.37 as of the 28th of March 2024; that is 0.19 percent increase since the beginning of the trading day. The fund's open price was 5.36.
With this module, you can estimate the performance of a buy and hold strategy of Simt High Yield and determine expected loss or profit from investing in Simt High over a given investment horizon. Check out Simt High Correlation, Simt High Volatility and Simt High Alpha and Beta module to complement your research on Simt High.
Symbol

Please note, there is a significant difference between Simt High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Simt High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simt High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Simt High '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 High'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 High.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Simt High on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Simt High Yield or generate 0.0% return on investment in Simt High over 720 days. Simt High is related to or competes with Calamos Dynamic, Virtus Convertible, Rationalpier, Putnam Convertible, and Advent Claymore. The fund will invest at least 80 percent of its net assets in high yield fixed income securities More

Simt High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.

Simt High Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Simt High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simt High's standard deviation. In reality, there are many statistical measures that can use Simt High historical prices to predict the future Simt High's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Simt High'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.
Hype
Prediction
LowEstimatedHigh
5.125.375.62
Details
Intrinsic
Valuation
LowRealHigh
5.105.355.60
Details
Naive
Forecast
LowNextHigh
5.095.345.59
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.325.365.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Simt High. Your research has to be compared to or analyzed against Simt High's peers to derive any actionable benefits. When done correctly, Simt High's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Simt High Yield.

Simt High Yield Backtested Returns

We consider Simt High very steady. Simt High Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0981, which indicates the fund had a 0.0981% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Simt High Yield, which you can use to evaluate the volatility of the fund. Please validate Simt High's Semi Deviation of 0.0976, risk adjusted performance of 0.0423, and Coefficient Of Variation of 1019.12 to confirm if the risk estimate we provide is consistent with the expected return of 0.0245%. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Simt High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Simt High is expected to be smaller as well.

Auto-correlation

    
  0.03  

Virtually no predictability

Simt High Yield has virtually no predictability. Overlapping area represents the amount of predictability between Simt High time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 High Yield price movement. The serial correlation of 0.03 indicates that only 3.0% of current Simt High price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test-0.14
Residual Average0.0
Price Variance0.03

Simt High Yield lagged returns against current returns

Autocorrelation, which is Simt High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Simt High returns to help us make a trade decision. For example, suppose you find that Simt High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simt High 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 High mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Simt High Lagged Returns

When evaluating Simt High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simt High mutual fund have on its future price. Simt High 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 High autocorrelation shows the relationship between Simt High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Simt High Yield.
   Regressed Prices   
       Timeline  

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Check out Simt High Correlation, Simt High Volatility and Simt High Alpha and Beta module to complement your research on Simt High.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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When running Simt High's price analysis, check to measure Simt High's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Simt High is operating at the current time. Most of Simt High's value examination focuses on studying past and present price action to predict the probability of Simt High's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simt High's price. Additionally, you may evaluate how the addition of Simt High to your portfolios can decrease your overall portfolio volatility.
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Simt High 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.
A focus of Simt High technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Simt High trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...