Sierra Tactical Bond Fund Market Value
| STBDX Fund | USD 25.61 0.14 0.55% |
| Symbol | Sierra |
Sierra Tactical '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 Sierra Tactical'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 Sierra Tactical.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Sierra Tactical on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Sierra Tactical Bond or generate 0.0% return on investment in Sierra Tactical over 30 days. Sierra Tactical is related to or competes with Invesco Gold, Global Gold, First Eagle, Great-west Goldman, Gold And, Vanguard Precious, and Precious Metals. The fund invests in open-end investment companies and exchange-traded funds that primarily invest in high-yield corporat... More
Sierra Tactical 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 Sierra Tactical'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 Sierra Tactical Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2978 | |||
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3513 |
Sierra Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sierra Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sierra Tactical's standard deviation. In reality, there are many statistical measures that can use Sierra Tactical historical prices to predict the future Sierra Tactical's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sierra Tactical'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.
Sierra Tactical Bond Backtested Returns
We consider Sierra Tactical very steady. Sierra Tactical Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0253, which indicates the fund had a 0.0253% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sierra Tactical Bond, which you can use to evaluate the volatility of the fund. Please validate Sierra Tactical's Coefficient Of Variation of 3946.21, risk adjusted performance of (0), and Semi Deviation of 0.2184 to confirm if the risk estimate we provide is consistent with the expected return of 0.0058%. The entity has a beta of 0.0151, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sierra Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sierra Tactical is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Sierra Tactical Bond has good predictability. Overlapping area represents the amount of predictability between Sierra Tactical time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Sierra Tactical Bond price movement. The serial correlation of 0.73 indicates that around 73.0% of current Sierra Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Sierra Tactical Bond lagged returns against current returns
Autocorrelation, which is Sierra Tactical 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 Sierra Tactical's mutual fund expected returns. We can calculate the autocorrelation of Sierra Tactical returns to help us make a trade decision. For example, suppose you find that Sierra Tactical 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 |
Sierra Tactical 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 Sierra Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sierra Tactical mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sierra Tactical mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sierra Tactical Lagged Returns
When evaluating Sierra Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sierra Tactical mutual fund have on its future price. Sierra Tactical 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, Sierra Tactical autocorrelation shows the relationship between Sierra Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sierra Tactical Bond.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sierra Tactical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sierra Tactical's short interest history, or implied volatility extrapolated from Sierra Tactical options trading.
Currently Active Assets on Macroaxis
Check out Sierra Tactical Correlation, Sierra Tactical Volatility and Sierra Tactical Alpha and Beta module to complement your research on Sierra Tactical. Note that the Sierra Tactical Bond information on this page should be used as a complementary analysis to other Sierra Tactical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Sierra Tactical 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.