Spirit Of America Fund Quote

SACEX Fund  USD 11.83  0.09  0.77%   

Performance

21 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 30

 
100  
 
Zero
Below Average
Spirit Of is trading at 11.83 as of the 28th of March 2024; that is 0.77 percent increase since the beginning of the trading day. The fund's open price was 11.74. Spirit Of has about a 30 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Equity ratings for Spirit Of America are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets plus any borrowings in a combination of securities and other assets of energy and energy related companies. It seeks to achieve its investment objective through diversified exposure to U.S. More on Spirit Of America

Moving together with Spirit Mutual Fund

  0.83USG USCF Gold Strategy Symbol ChangePairCorr
  0.84SACTX Spirit Of AmericaPairCorr
  0.91SACVX Spirit Of AmericaPairCorr
  1.0SAIEX Spirit Of AmericaPairCorr

Spirit 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. Spirit Of's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Spirit Of or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationSpirit of America Funds, Large Funds, Energy Limited Partnership Funds, Energy Limited Partnership, Spirit of America (View all Sectors)
Update Date31st of March 2024
Spirit Of America [SACEX] is traded in USA and was established 28th of March 2024. Spirit Of is listed under Spirit of America category by Fama And French industry classification. The fund is listed under Energy Limited Partnership category and is part of Spirit of America family. This fund at this time has accumulated 590.39 M in assets with minimum initial investment of 500. Spirit Of America is currently producing year-to-date (YTD) return of 13.15% with the current yeild of 0.29%, while the total return for the last 3 years was 22.94%.
Check Spirit Of 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 Spirit 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 Spirit 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 Spirit Of America 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 Spirit Of America Mutual Fund Constituents

VNOMViper Energy UtStockEnergy
MPLXMPLX LPStockEnergy
WMBWilliams CompaniesStockEnergy
VLOValero EnergyStockEnergy
USACUSA Compression PartnersStockEnergy
OKEONEOK IncStockEnergy
MMPMagellan Midstream PartnersStockEnergy
More Details

Spirit Of Target Price Odds Analysis

Based on a normal probability distribution, the odds of Spirit Of jumping above the current price in 90 days from now is about 1.49%. The Spirit Of America probability density function shows the probability of Spirit Of mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Spirit Of America has a beta of -0.1659. This usually implies as returns on benchmark increase, returns on holding Spirit Of are expected to decrease at a much lower rate. During the bear market, however, Spirit Of America is likely to outperform the market. Additionally, spirit Of America has an alpha of 0.1898, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 11.83HorizonTargetOdds Above 11.83
98.49%90 days
 11.83 
1.49%
Based on a normal probability distribution, the odds of Spirit Of to move above the current price in 90 days from now is about 1.49 (This Spirit Of America probability density function shows the probability of Spirit Mutual Fund to fall within a particular range of prices over 90 days) .

Spirit Of America Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Spirit Of market risk premium is the additional return an investor will receive from holding Spirit Of 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 Spirit Of. 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 Spirit Of's alpha and beta are two of the key measurements used to evaluate Spirit Of's performance over the market, the standard measures of volatility play an important role as well.

Spirit Of Against Markets

Picking the right benchmark for Spirit Of 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 Spirit Of 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 Spirit Of is critical whether you are bullish or bearish towards Spirit Of America at a given time. Please also check how Spirit Of'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 Spirit Of 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 USA ETFs Now

   

USA ETFs

Find actively traded Exchange Traded Funds (ETF) in USA
All  Next Launch Module

How to buy Spirit Mutual Fund?

Before investing in Spirit Of, 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 Spirit Of. To buy Spirit Of fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Spirit Of. 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 Spirit Of fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Spirit Of America 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 Spirit Of America 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 Spirit Of America, 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 Spirit Of America?

The danger of trading Spirit Of America 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 Spirit Of 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 Spirit Of. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Spirit Of America 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 Spirit Of America. 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 income.
Note that the Spirit Of America information on this page should be used as a complementary analysis to other Spirit Of'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Spirit Mutual Fund analysis

When running Spirit Of's price analysis, check to measure Spirit Of'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 Spirit Of is operating at the current time. Most of Spirit Of's value examination focuses on studying past and present price action to predict the probability of Spirit Of's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Of's price. Additionally, you may evaluate how the addition of Spirit Of to your portfolios can decrease your overall portfolio volatility.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Please note, there is a significant difference between Spirit Of's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Of is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Of'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.